Recent reports on social media suggest that a student at Berekum College of Education in the Bono Region has won GHC1.8 billion (old currency) after engaging in sports betting.
A viral video shows other colleagues celebrating the bettor, who was showered with white powder. In the video, a male student shouts, “He has won. He has won 1.8 billion. Berekum College of Education, a student has won.”
If this news is proven to be accurate, then the government will apply its betting tax of 10 percent to this income. The government is set to generate GH180,000,000 (old currency).
In October this year, the Domestic Tax Revenue Division of the Ghana Revenue Authority noted that it had generated GH¢15 million from the recently implemented bet tax within a month.