‘We’ll Abolish E-Levy In 120 Days’ – Finance Minister – Designate Dr. Ato Forson Pledges To End Controversial Tax

Ghana’s Finance Minister-designate, Dr. Cassiel Ato Forson, has promised to cancel the controversial E-Levy within the first 120 days of President John Dramani Mahama’s administration.During his vetting before Parliament’s Appointments Committee on Monday, January 13, 2025, Dr. Forson repeated his commitment to getting rid of the levy, a decision that has sparked mixed reactions.

Dr. Forson, a strong opponent of the E-Levy, described it as harmful to Ghana’s move toward a cash-light economy and the growth of financial technology. He explained that, as a tax expert, he doesn’t see where the levy fits, saying, “The E-Levy is not a direct tax, indirect tax, or even an excise tax.” While he acknowledged that the levy generates income, he insisted it is bad for the economy.

Dr. Forson assured Ghanaians that if approved as Finance Minister, he would eliminate the E-Levy as part of the first budget under the Mahama administration. “We stand by that, and I assure you the E-Levy will be gone within the 120 days we have promised,” he declared confidently.

Dr. Forson also criticized the government’s focus on making money through taxes without controlling spending. “Why is it always about revenue? We need to pay more attention to managing expenses,” he stated.

He further promised to protect the vulnerable, saying, “We will not hurt the poor in society. We will protect them.” He added that his years of experience with Ghana’s economy have prepared him to make policies that will help everyone and promote growth.

Dr. Forson’s pledge to scrap the E-Levy has divided opinions. Supporters see it as a positive change, while critics worry about how the government will make up for the lost revenue.