Mahama Will Sign the Income Tax (Amendment) Bill – Ato Forson Assures

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has announced the passage of the Income Tax (Amendment) Bill, 2025, by Parliament.

In a post on his official X (formerly Twitter) account, the finance Minister assured Ghanaians that President John Dramani Mahama will sign the bill into law.

During proceedings on Wednesday, 26th March 2025, Motion Number 68 was adopted by a majority in Parliament. The bill was read for the tenth time and accordingly passed.

The Income Tax (Amendment) Act, 2025, amends the Income Tax Act, 2015 (Act 896) to remove withholding tax on winnings from lotteries, as well as on the purchase of unprocessed goods. The bill also provides for related tax adjustments aimed at improving compliance and easing tax burdens in specific sectors.

watch video of the Speaker of Parliament announcing the bill’s passage

Ladies and Gentlemen, Investors,

Parliament has just passed the Income Tax (Amendment) Bill, 2025, which abolishes the ‘Betting Tax’ and other levies.

I have no doubt that H.E. President John Dramani Mahama will be more than willing to sign it into law without delay.

Promise… pic.twitter.com/paeJVvOOq4
— Cassiel Ato Forson(PhD) (@Cassielforson) March 26, 2025