Ghana loses over GH¢300 million annually in revenue due to leakages in the online betting sector
The government has said it intends plugging the holes in online betting to stop an annual estimated leakage of GH¢300 million.
Caretaker Finance Minister Osei Kyei-Mensah-Bonsu told Parliament on Friday, March 12, 2021, when he presented this year’s budget that “gaming has become a major income earner all across the globe and a significant source of government revenue”.
However, he noted that the “influx of online betting and automation of the once-totally-manual process, has changed the character of revenue sources from that industry”.
“It is estimated that Ghana loses over GH¢300 million annually in revenue due to leakages in the sector”, he revealed.
The Ministry of Finance and the Ministry for the Interior, the Majority Leader noted, “will co-supervise the gaming industry and will soon consult with stakeholders to formulate a comprehensive policy to improve revenue mobilisation from this source”.
- Maximise revenue potentials and minimize non-discretionary expenditure – Government told
- Ghana to issue US$1 billion sustainable bonds in July – Adu Boahen
- These are the five bills Ghana’s 8th Parliament will consider as it resumes after recess
- Ghana’s economy has never been in good shape under Akufo-Addo’s government – Sosu
- Ghana’s debt-to-GDP for 2020 was 78% not 76.1% - IMF reveals
- Read all related articles
