The newly elected government in Ghana has raised concerns with plans to scrap the country’s 10% betting tax.
Ghana has released its new budget, including one proposal to remove the nation’s 10% betting tax. This has sparked concern from Ghana’s Institute of Economic Affairs (IEA), with worries that this could affect revenue generation and harm reduction.
First introduced in August 2023, the 10% tax on all betting earnings is automatically deducted when gambling winnings are awarded. It does not apply to canceled or failed bets.
The recently elected President John Mahama has laid out plans to scrap the tax as part of the new budget under a new government.
