President-elect John Mahama told to increase betting tax to 50%

The Institute of Community Sustainability has urged the incoming John Mahama administration to increase the betting tax to 50% in a bid to address the growing issue of sports betting among Ghana’s youth.

In a statement signed by Executive Director Eric Jerry Aidoo, the Institute highlighted the negative impact of betting on young people, many of whom spend excessive amounts of time and money on betting platforms.

Aidoo noted that some individuals even stake a significant portion of their winnings, only to lose it again, creating a dangerous cycle of addiction.

The proposal contrasts with the vision of President-elect John Dramani Mahama, who has pledged to abolish the current 10% tax on betting wins.

Mahama has promised to focus on resetting the economy, including tax reforms such as removing the 10% betting tax.

However, the Institute argues that a higher betting tax would serve as both a financial deterrent and a means to fund rehabilitation programs for gambling addiction.

The funds generated could be used to establish support systems and treatment centers, something Ghana lacks despite the growing problem.

The statement calls for swift action to protect the youth from the destructive consequences of gambling addiction.

Source: ghanasoccernet.com

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Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.

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Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.