Former President John Dramani Mahama has said that Ghanaians should expect that taxes on betting are going to be reviewed under his next administration.
Parliament in March this year passed the bill to tax sports betting and lottery.
This tax initiative is a part of the government's overarching strategy to broaden the tax base and bolster domestic revenue.
The announcement of this tax measure initially surfaced when Parliament passed three new bills in March 2023. These bills include the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill 2022, and the Income Tax Amendment Bill 2022.
As the implementation date approaches, the GRA is actively cautioning individuals who participate in sports betting and lottery activities to be aware of the forthcoming policy and ensure adherence.
While the government aims to enhance revenue streams through this step, there has been a substantial amount of backlash. Many individuals engaged in betting and lotteries have criticized the government's move, labelling it as insensitive to their concerns. The decision has sparked intense discussions about the potential implications of the tax on the betting and lottery communities.
and lottery communities.
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