Ghana to Impose 17.5% Tax on Gambling

Ghana's Revenue Authority has announced that they have introduced a 17.5% tax rate on betting firms and players in the country, noting that the revenue could help the African nation's development.

The tax was announced by Tamale District official Erasmus Ayenor Tei, who said that they will charge a 17.5% VAT tax to punters, which will be collected by the betting firms and then shipped to the Ghana Revenue Authority. The official told betting operators to have their records up to date and to make sure that they educate players on the new tax on winnings.

The revenues generated by the GRA will help fund a variety of projects in Ghana, a country that is still seeking to develop itself economically and fight poverty, which stood at 24.2% as of 2012.

About the author