‘It Is Finished!’ – Ato Forson Celebrates Mahama’s Move to Scrap Controversial Taxes

Finance Minister Dr. Cassiel Ato Forson has declared the successful fulfillment of President John Dramani Mahama’s promise to abolish multiple taxes within his first 120 days in office.

The scrapped taxes include the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax, marking a significant shift in Ghana’s tax landscape.

Dr. Forson’s declaration came after President Mahama signed a series of legislative bills into law on April 2, 2025, officially eliminating these levies. This move aligns with the National Democratic Congress (NDC)’s pledge to ease the financial burden on Ghanaians.

Taking to Twitter, Dr. Ato Forson proclaimed, “It is finished,” celebrating the administration’s fulfillment of its tax reform promise.

Key Bills Signed into Law by President Mahama:

E-Levy Repeal Bill 2025 – Abolishes the controversial Electronic Transfer Levy, which taxed mobile money and digital transactions.

Emissions Levy Repeal Bill – Scraps the emissions tax, which was criticized for increasing costs for businesses and individuals.

Betting Tax Repeal – Removes the betting tax, offering relief to the gaming and betting industry.

Income Tax Amendment Bill 2025 – Adjusts tax rates and exemptions to create a fairer taxation system.

Value Added Tax (VAT) Amendment Bills – Introduces reforms to improve VAT administration and ease compliance.

Petroleum Revenue Management Amendment Bill 2025 – Enhances the framework for managing petroleum revenues efficiently.

Public Financial Management Amendment Bill – Strengthens fiscal responsibility, transparency, and accountability in government spending.

Energy Sector Levy Act Amendments – Restructures energy levies to promote investment and sector sustainability.

Gold Board Bill 2025 – Establishes a regulatory framework to optimize Ghana’s gold mining and export sector.

Growth and Sustainability Levy Act – Implements long-term strategies for economic stability and sustainable growth.

With these sweeping tax reforms, the Mahama administration signals a decisive shift towards economic relief and financial restructuring for Ghanaians