Finance

Here’s why abolishing betting tax is not a good idea

Governance Lecturer at the Central University, Dr. Benjamin Otchere-Ankrah has kicked against the abolition of betting tax.

It could be recalled that the Akufo-Addo government introduced a 10% tax on the net income of gamblers.

To the government, this will help in enhancing the country’s development but to the stakeholders, the tax is a burden.

In view of this, the presidential candidate of the New Patriotic Party(NPP), Dr. Mahamudu Bawumia, in his 2024 manifesto, has pledged to cancel both the betting tax and E-Levy to alleviate the plight of Ghanaians.

Former President John Dramani Mahama also, during the launch of his youth manifesto has promised to abolish the betting tax.

But to Dr. Otchere-Ankrah, it is a wrong call to cancel this tax.

“Let the tax remain. It may even serve as a disincentive to people to engage in betting. If it would be a part-time job, fine, but as long as you earn, you have to also contribute to the national coffers,” he expressed his disagreement on Peace FM’s “Kokrokoo” show.

 

Source: peacefmonline.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. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. 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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