The government of Ghana has confirmed that it will abolish both the E-Levy and the COVID Levy in the upcoming 2025 budget, which will be presented on March 11, 2025. Felix Kwakye Ofosu, the Minister of State for Government Communications, shared this development during a press briefing in Accra on March 10. These changes are part of the government’s 120-day Social Contract, which includes 26 key pledges aimed at revitalizing the economy and easing the financial burden on citizens.
In addition to scrapping the levies, the government is also planning a review of taxes and levies on vehicles and equipment imported for industrial and agricultural purposes. Other significant promises include launching the 24-Hour Economy Policy, introducing a ‘No-Academic-Fee’ policy for all first-year public tertiary students, and establishing a Women’s Development Bank. Furthermore, job creation initiatives are a priority within the budget.
Ofosu also addressed concerns about the depreciation of the cedi and stated that the finance minister would outline both short-term and long-term measures to tackle the financial challenges facing the country.
