GRA Data Confirms Implementation of Betting Tax Against Claims of Former Minister Amin Adam

Data from the GRA confirms that the 10% betting withholding tax was implemented by the Akufo-Addo administration, generating GH¢15 million in its first month. The previous NPP government reported GHS1.2 billion in revenue during 2024. Public concerns have arisen regarding the management of these funds, prompting calls for an investigation into the past administration’s handling of the tax.

Recent data from the Ghana Revenue Authority (GRA) contradicts former Finance Minister Mr. Mohammed Amin Adam’s assertion that the 10% betting withholding tax was not enforced by the Akufo-Addo administration. According to the Domestic Tax Revenue Division, GRA generated GH¢15 million from the tax in its first month of implementation in October 2023.

Moreover, the previous New Patriotic Party (NPP) government reported earning GHS1.2 billion in revenue from the betting tax in 2024. Mr. Edward Gyambra, Commissioner of the DTRD, remarked that during the initial month, the average revenue was GH¢20 million for gross gaming revenue (GGR), stating, “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 GRA aims to collect approximately GH¢400 million through the introduction of the betting withholding tax to enhance government revenue. In response to Dr. Amin Adam’s claims, patrons of sports betting have voiced their frustrations on social media, disputing his representation during a recent interview following the presentation of the 2025 Budget Statement in Parliament.

Concerns have also been raised by Ghanaians regarding the transaction deductions from their betting winnings, prompting calls for a thorough investigation into the previous government’s management of the revenue collected from the 10% betting withholding tax, as patrons seek clarity on the matter.

The GRA data emphasize that the 10% betting withholding tax was indeed implemented under the Akufo-Addo administration, in contradiction to claims made by former Finance Minister Dr. Mohammed Amin Adam. The substantial revenues reported call for transparency regarding the allocation and management of these funds. A thorough investigation into the handling of the betting tax revenue is warranted to address public concerns.

Original Source: www.gbcghanaonline.com