Government Imposes a New 10% Tax on Winnings from Sports Betting and Lotteries

• The government of Ghana has imposed a 10% tax on all earnings from sports betting and lotteries in the country
• Many Ghanaians have vehemently disagreed with the new policy and have called for it to be abolished
• Some have stated that lotteries, especially sports betting, have become a social nuisance among the youth and should be abolished.

GHANA (April 13, 2023) — The government of Ghana plans to impose a 10% tax on all winnings from sports betting and lotteries. Many young Ghanaians who participate in sports betting have harshly criticised the new fee on social media.

Throughout the last ten years, Ghana’s betting sector has experienced phenomenal expansion, encouraging several betting companies to establish operation centres here. The opinions of Ghanaians on sports betting have been divided, with some emphasising its negative impacts on the youth while others agree that betting is legal and should not be considered as harmful.

Serwaa Amihere, a popular media personality, was once criticised for questioning whether sports betting was becoming a national disaster.

Ghanaians react to the government’s decision to tax earnings from lotteries Many Ghanaians did not take the news of the 10% tax kindly and took to social media to share their thoughts.

Our source YEN.com.gh compiled some responses Click Here

SOURCE: YEN.com.gh.