Audio By Carbonatix
The National Lottery Authority (NLA) in accordance with the agreement with Veterans Administration Ghana (VAG) is fully set to officially launch and operate VAG Lotto starting from July.
The operations of VAG Lotto will be very useful in addressing the issues of illegal lottery operations in Ghana.
Before the agreement with the VAG, most of the Private Lotto Operators and Agents were operating with a license granted under Act 844, a law which empowers the Veterans to engage in raffles or lottery to the benefit of its membership.
However, the NLA-VAG Partnership gives the National Lottery Authority the sole power to operate, manage and regulate VAG Lotto.
VAG lacked the technology, infrastructure, machinery and resources to operate, manage and regulate VAG Lotto, and therefore was depending on third parties who were also abusing the lottery regulations and further impoverishing the Veterans.
The license issued by VAG to the aforementioned Private Lotto Operators and Agents came to an end in November 2018.
It is important to state that, only duly licensed Lotto Marketing Companies and Private Lotto Operators and Agents would be allowed to participate in the VAG Lotto strictly in accordance with the terms and conditions as contained in their respective licenses.
Furthermore, necessary actions would be taken by the Authority to clamp down on all unlicensed Lotto Operators and Agents across the country.
The VAG Lotto will bring an additional Revenue Stream to the Consolidated Fund as well as ensure the creation of over 20,000 jobs directly and indirectly.
Latest Stories
-
Fast-moving Canada wildfire doubles in size forcing thousands to flee homes
26 minutes -
ILAPI-Ghana opposes government’s plan to tap dormant bank accounts to fund budget
1 hour -
NADMO sounds flood alert ahead of Bagre Dam spillage
2 hours -
Choirmaster bids emotional farewell to late wife Beverly Afaglo
3 hours -
Prince Kofi Amoabeng Leadership Foundation opens applications for Cohort 4
4 hours -
NaCCA warns schools against use of unapproved assessment materials
5 hours -
Open SOS call to President Mahama for justice
6 hours -
Sir Sam Jonah takes Abuja land dispute with Nigeria to ICC arbitration
6 hours -
Ghanaian paediatric oncologist Dr. Emmanuella Amoako wins 2026 Roux Prize
6 hours -
Kingsley Atta secures Bantama NPP Chairmanship with slim 4-vote victory in re-run
6 hours -
Ghana’s Deputy Ambassador to Saudi Arabia Sanni Jajah passes on
6 hours -
Hormuz talks positive, Oman says, as Iran warns deal would not open strait
7 hours -
Nestlé Ghana launches ‘My Coffee, My Vibe’ campus activation
7 hours -
US offers $1bn to Colombia on new right-wing president’s first day of office
7 hours -
GRA must tackle tax leakages and expand informal sector taxation – Asantehene
7 hours