The Domestic Tax Revenue Division (DTRD) of the Ghana Revenue Authority (GRA) is hopeful of generating GH¢60 million in betting tax by the end of the football season (UEFA Champions League).
Commissioner responsible for the DTRD, Edward Gyambra, made this projection after announcing that GRA generated GH¢15 million from the newly implemented betting tax within a one-month period.
“During the first month of implementation, we averaged GH¢20 million for the GGR. As for the withholding tax, we’ve just started the betting season, but during the lean season, we averaged GH¢15 million. We anticipate this to quadruple by May.”
The Ghana Revenue Authority (GRA) has introduced a 10% withholding tax on betting, with the goal of generating approximately GH¢400 million in additional government revenue.
The tax measure took effect from August 15, 2023.
This tax measure has sparked mixed opinions among the public. While some segments of the population oppose the tax, certain government officials, including Suame MP Osei Kyei-Mensah-Bonsu, support its implementation.