Finance

Ato Forson in talks with IMF to scrap E-Levy, betting tax, others – Report

According to a report by citinewsroom.com, the finance minister is engaging the International Monetary Fund (IMF) to scrap nuisance taxes, including the betting tax.

Other key taxes under consideration for removal include the Electronic Transfer Levy (E-Levy) and COVID-19 levy.

Ongoing discussions aim to ensure that scrapping these taxes will not negatively impact Ghana’s program with the IMF for financial aid.

This development is welcome news for sports bettors, who were enthusiastic about President John Dramani Mahama’s promise to scrap the betting tax if he won the 2024 general elections.

During his ministerial vetting, Dr. Forson stressed that removing the betting tax would be one of his first acts in office as it will not affect the economy.

It is expected that the betting tax, E-levy and other nuisance taxes will be abolished during the budget reading in March 2025, allowing bettors to earn their income without deductions.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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