This decision aligns with President John Dramani Mahama’s promise to remove the betting tax and other ‘nuisance’ taxes during the 2024 elections campaign.
Ato Forson’s announcement during the 2025 budget presentation in parliament implies that the 10% VAT on bet winnings will no longer be in effect after parliamentary approval, as it has been a significant concern for some individuals.
“We will abolish the 10% withholding tax on betting,” Dr. Ato Forson said during the budget reading in Parliament on March 11, 2025.
The 10% withholding tax on betting was imposed by the past Akufo-Addo-led government in an attempt to curb the rate of gambling and generate more revenue for the country.
The move has since been met with massive criticisms by Ghanaian ‘bettors’, who felt the government has been insensitive to their plight.
Source: www.ghanaweb.com
