Minister of Finance Designate, Dr. Cassiel Ato Forson has said that the noise around betting tax does not correspondend with the revenue generated from the tax.
Dr. Ato Forson stated that it is less than GH₵50 million a year and will not necessary affect the economy if it is scrapped as promised by President John Dramani Mahama in 2024.
He said once the government cuts down on its expenditure, scrapping the betting and other nuisance taxes will not necessary bring down the Ghanaian economy
“We (NDC) have obviously announced that we will scrap some taxes and we will stick with just that but it doesn’t mean we don’t care about the revenue, we truly care about it.”
“Some of the taxes out there are not bringing in the revenue that it should. For example, the betting tax is bringing in less than 50 million cedis yearly and it’s a nuisance tax.”
“Scrapping 50 million cedis tax in a way will not mean anything that will hurt the economy if you are to adjust the expenditure side. So scrapping the betting tax will not necessarily affect the forward matching of the Ghanaian economy,” He said during his vetting in Parliament.
