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    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

    Ghana likely to secure US$3 billion from IMF for economic support

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    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

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Gaming industry players call for more consultation on proposed gaming tax

March 16, 2021
in Business, Top Stories
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Players in the gaming industry have called for a broader stakeholder engagement with the government ahead of plans to tax their business.

According to them, taxing the industry may have an adverse effect on their business.

The move to tax the industry follows the government’s concerns that Ghana loses over GHS300 million annually in revenue due to leakages in the sector.

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The government noted that the influx of online betting and automation of the once totally manual process has changed the nature of revenue sources from that industry.

An accountant at Betika, Godwin Azorko Agbavitor, said consultation was needed to involve the “Gaming Commission and even possible the National Lottery Authority and then the gaming companies as well and probably GRA.”

“They need to gather views from everyone on how it should be implemented or if it shouldn’t be implemented,” Mr. Agbavitor said.

The manager of the Mallam branch of 1XBET, Samuel Atsu Koni, also reiterated similar concerns.

“I feel that when you want to regulate anything, you have to sit down with the stakeholders and know when and how to tax use,” he said.

The Ministry of Finance and the Ministry for the Interior are now expected to co-supervise the gaming industry.

The government has also said it will consult with stakeholders to formulate a comprehensive policy to improve revenue mobilization from this source.

Source: Philip Nii Lartey/citinewsroom.com
Tags: Gaming taxGhana News
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