A group calling itself Concerned Bettors of Ghana has rejected the 10% tax imposition on all betting, lottery, and gaming wins.
According to a statement issued by the group, an attempt to levy the youth who are into betting “is a recipe for chaos.”
Richard Aguda, the Convener of the group, described the tax in the statement as clueless,” arguing that because of the lack of jobs, betting had become a source of livelihood for the youth.
10% withholding tax on lotto & gaming winnings wins starts August 15
Read full statement
OPPOSITION TO THE IMPLEMENTATION OF 10% TAX ON BETTING, GAMES AND LOTTERY WINS ON 15TH AUGUST, 2023.
We, the above mentioned association, rejects the announcement by the Ghana Revenue Authority (GRA) to the public for the implementation 10% tax on all betting, games and lottery wins, from Tuesday, 15* August, 2023.
CBOG wishes to say that an attempt to go ahead to levy the ordinary Ghanaian, especially the youth in betting, in an already tax-burdened society is a recipe for chaos.
Betting, games and lottery has become an avenue for livelihood for millions of Ghanaian youth due to unavailability of existing jobs and taking 10% of its winnings is a scandalous means to push the youth into a more abject poverty.
The association in its press release in April this year on the rejection of 10% tax was of the hope that government would have listened to the plea of the teaming youth in betting, but was as usual, ignored.
Taxing the very source of survival for many Ghanaians in this current economic hardship is clueless and must be rejected.
