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Home Sports

Ghana imposes new 10% tax on winnings from sports betting and ‘lotto’

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Don’t tax sports betting, ban it – Ato Forson to government

Don’t tax sports betting, ban it – Ato Forson to government

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Gambling, chance games, and lottery winnings are now subject to a new tax in Ghana. Domestic and international competitors will also be subject to the 10% tax on all winnings.

In addition, betting companies operating in the country will face a 20% tax on their revenue.

Different Ghanaians have reacted differently to the implementation of this new tax. While some have applauded the decision as a way for the government to raise money, others have criticized it as placing yet another burden on a people that are already heavily taxed.

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.

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