Ghanaians are responding to the government’s decision to impose a new tax on winnings from lotteries, gambling, and other games of chance.
10% of all winnings will be subject to tax, which will be imposed on domestic rivals. Additionally, there would be a 20% tax on the profits of betting companies doing business in the nation.
Ghanaians’ reactions to the news have been mixed. Some have praised the move as a way for the government to raise money, while others have criticized it as placing another another burden on an already heavily taxed population.
Below are the social media reactions
I said I no go vote again, but Any bro wey go promise to cancel the 10% tax on betting, I go vote give am… your so called Momo tax which was to bring jobs failed, now be betting you wan tax????
— CLINTON ???????????? (@LilMoGh) April 6, 2023
The only man to save Ghanaian youths from the 10% tax on winning bets. pic.twitter.com/k3TjFUdUEt
— SEFADZI (@Sefadzi__) April 6, 2023
The thing dier if you complain or not pharaoh give go ahead finish. You go pay the 10% pic.twitter.com/K0hAZPPOa4
— Mempeasem President (@AsieduMends) April 6, 2023
The 10% tax on winning bets will be used to create jobs for the youths pic.twitter.com/TiSpIFwmD9
— Sergio ⭐ (@sergio_de_ennin) April 6, 2023
Sarkodie is yet to say something about the 10% Tax on Betting, does he really think about his fans which Majority are investors? This NPP Man smh???? pic.twitter.com/bS0wmy9cWY
— Twilight (@the_marcoli_boy) April 6, 2023
Taxation is crucial for government revenue, but the 10% tax on all bets may harm Ghana’s youth who already face economic challenges. Many young people rely on betting due to the lack of job opportunities, taking 10% from our betting earnings seems unfair.
— GameAnalyst ???? (@GameAnalyst3) April 6, 2023
I personally think the 10% withholding tax on betting wins is too small. If we want Ghana to get on the same level as the UK and USA we should be willing to sacrifice for the greater good. Next time they should make it 25%. My humble opinion please done insult me I don't win bet pic.twitter.com/HNdFzrmH2M
— KALYJAY (@gyaigyimii) April 6, 2023
As a Senior investor I think one negative effect of implementing a 10% tax on sports betting could be that it may discourage some people from participating in sports betting altogether. The added cost of taxes could make it less appealing for some individuals to place bets,…
— Enokay69 (@enokay69) April 6, 2023
