Audio By Carbonatix
The Ghana Revenue Authority (GRA) has notified sporting and lottery companies of the 10% tax on all winnings from sports betting and lotteries set to kick in effective August 15.
This forms part of the government's efforts to expand the tax base and increase domestic revenue.
It first came to light when Parliament passed three new bills on March 2023.
They were the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, and the Income Tax Amendment Bill 2022.
Five months down the line, the GRA is alerting individuals who partake in these gaming activities to be conscious of this new policy and do as expected.
Meanwhile, some Ghanaian sports fans are worried about the decision and its potential impact on their earnings.
Latest Stories
-
Anthony Joshua discharged from hospital after fatal road crash
3 hours -
Trump media firm to issue new cryptocurrency to shareholders
3 hours -
Ebo Noah arrested over failed Christmas apocalypse and public panic
5 hours -
‘Ghana’s democracy must never be sacrificed for short-term politics’ – Bawumia
5 hours -
Bawumia congratulates Mahama but warns he “cannot afford to fail Ghanaians”
5 hours -
CICM backs BoG’s microfinance sector reform programme; New Year Debt Recovery School comes off January-February 2026
5 hours -
GIPC Boss urges diaspora to invest remittances into productive ventures
5 hours -
Cedi ends 2025 as 4th best performing currency in Africa
5 hours -
Fifi Kwetey brands calls for Mahama third term as ‘sycophancy’
5 hours -
Bawumia calls for NPP unity ahead of 2028 elections
6 hours -
Police restore calm after swoop that resulted in one death at Aboso
6 hours -
Obaapa Fatimah Amoadu Foundation launches in Mankessim as 55 artisans graduate
6 hours -
Behold Thy Mother Foundation celebrates Christmas with aged mothers in Assin Manso
6 hours -
GHIMA reaffirms commitment to secured healthcare data
6 hours -
John Boadu pays courtesy call on former President Kufuor, seeks guidance on NPP revival
7 hours