Home News Ghana Bettors Oppose 10% Tax On Betting and Lottery

Ghana Bettors Oppose 10% Tax On Betting and Lottery

by Magdalene Abedi
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Ghana Bettors Oppose 10% Tax On Betting and Lottery

The government’s decision to impose taxes on sports betting and the lottery has been met with opposition by Ghanaian bettors.

Their indignation followed the government’s announcement last Friday in Parliament that the tax would be withheld prior to payout.

Sports bettors have pleaded with the government to rethink its intentions to retain 10% of profits from lotteries, sports betting, and other games at the time of payout.

In the past ten years, Ghana’s betting business has experienced enormous expansion, which has prompted numerous betting offices in the country.

Ghanaians have had varying opinions about sports betting in recent years, with some focusing on how it negatively affects the youth.

Others disagree, contending that since gambling is lawful and not against the law, it cannot be deemed to be a negative habit.

Some Ghanaians have expressed their displeasure on various social media platforms.

“Anytime they tax a company or entity, it’s the customers and clients who always bare the cost,” Isaac Duncan Williams expressed his concerns on Facebook.

“Taxation is not bad but the problem in Ghana is
will there be any value for the funds they get from the taxes. And the percentage is always too huge,” Mensah Edward lamented.

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