The New Patriotic Party led by Akufo Addo’s administration has allegedly taken steps into gambling in order to stabilize the nation’s economic crisis.
The incumbent government of Ghana is to introduce a new 10% tax on all betting, games and lottery wins, a way dubbed to increase domestic tax revenue.
Insights sighted by hotfmghana on the Ghanaweb stated that it was a way of the government’s effort in expanding the tax base as well as to help in the current economic woes the country befalls.
Furthermore, when you win an odd staked betting or lottery, the government deducts its 10% tax aside from digital taxes (Electronic Transfer Levy, E Levy).
Ghana’s economy is in its worst state, first in decades, the country has turned to the International Monetary Fund(IMF) for a bailout.
The Akufo Addo-led government to the IMF has failed Ghanaians in his words of meeting the major financial agency of the United Nations’ conditions before the end of March.
Recently, the first female Vice President of the United States of America, Kamala Harris, has, her first appearance on African soil, urged Ghanaian politicians to consider decriminalizing LGBTQ rights in the continent.
Meanwhile, Bulgarian economist serving as the 12th managing director Kristalina Georgieva of IMF has said that she has engaged China’s new top economic official, Li Qiang, to effectively speed up work on debt restructuring agreements for Ghana and others.
However, the government under the rule of the NPP has assumed and accused the country’s economic crisis on Vladimir Putin’s Russia war in Ukraine after COVID-19 amidst the continuous taxation of the Ghanaians, although natives do not have that perception.