Ghana has introduced a new tax on betting, games of chance, and lottery wins. The 10% tax on all winnings will apply to both domestic and overseas competitors.
In addition, betting companies operating in the country will face a 20% tax on their revenue.
Ghanaians have had diverse reactions to the introduction of this new tax. While some have hailed the decision as a means of generating cash for the government, others have criticised it as yet additional burden on an already financially taxed population.
The betting industry in Ghana has grown significantly in recent years, with many Ghanaians turning to it to make quick money.
This has raised concerns about the industry’s potential detrimental social consequences, such as addiction and problem gambling.
Former Forestry Commission official Charles Owusu has lauded former President John Mahama for demonstrating humility… Read More
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has attributed the recent decline in… Read More
The National Chairman of the ruling National Democratic Congress (NDC), Hon. Johnson Asiedu Nketia, has… Read More
The National Chairman of the ruling National Democratic Congress, Hon. Johnson Asiedu Nketiah on Friday,… Read More
In a decisive move, operatives of the National Anti Illegal Mining Operations Secretariat (NAIMOS) embarked… Read More
Nana Oppong Kyekyeku Ababio, the Dormaa Gyasa Krontihene, has raised concern over the persistently high… Read More