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Government desperately imposing tax on bet winnings out of frustration- Bettors

The Conveyer for a group calling itself Concerned Betters of Ghana CBOG, Mr Richard Aguda says government is desperately imposing tax on bet winnings out of frustration.

 

Mr Aguda believes the current economic recession has dazed authorities in the country forcing them to take unpopular decisions.

 

“If the government think it was easy to win a bet, why not allow its appointees to bet with state money and use the earnings to develop the country? “He quized.

 

He said this on the Kumasi based OTEC 102.9 FM’s morning show Nyansapo on Wednesday April 12,2023.

 

Government as part of efforts to expand the tax base and increase domestic tax revenue has introduced a 10 per cent tax on bet winnings.

 

The tax component which has been approved by parliament already means gamblers should be ready to have 10% of their earnings withheld as tax should the president assent to a newly passed bill by Parliament.

 

Mr Aguda however said while they are not against the collection of tax, the implementation of this particular tax was misconceived.

 

” I personally believe who ever lead the introduction of the tax measure has little knowledge of how the bet industry works”.

 

“Just imagine i use Gh¢10,000 to win a bet totaling Gh¢ 11,000 and government decides to take 10 per cent from the money, the tax component will affect the principal money i used to get the earning, who does that, who tax principal money? ”

 

The therefore called on the government to review the percentage downwards or they will demonstrate against them.

Source: Ghana/otecfmghana.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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