Ghana Removes 10% Tax on Betting and Gaming Winnings
Ghana has officially abolished the 10% tax on betting, gaming, and lottery winnings after President John Dramani Mahama signed a new law on April 2, 2025. This decision fulfills a major promise the National Democratic Congress (NDC) made to voters during the 2024 elections.
Finance Minister Advocates for Broader Tax Reforms
The repeal of the betting tax followed approval by lawmakers on March 26, 2025, after extensive discussions. Dr. Cassiel Ato Forson, Ghana’s Finance Minister, explained that removing the betting tax is part of a larger plan to eliminate withholding taxes on all forms of lottery and gaming. Forson emphasized that this move goes beyond the initial campaign promises, as it removes taxes on various gaming activities.
The previous administration introduced the betting tax in August 2023, but it received strong opposition from sports fans and industry members. Critics argued it burdened bettors, discouraging gambling. However, supporters believed it would reduce gambling addiction and generate additional revenue for national development.
Removal of Other Taxes to Relieve Financial Burden
In a statement on Facebook, President Mahama celebrated the progress made in easing the financial burden on Ghanaians:
“Great news for our beloved country, Ghana! I have signed the bills repealing the e-levy, betting tax, and emissions levy. This fulfils a key promise we made to ease the burden on Ghanaians and boost economic activity. We’re putting more money back in your pockets.”
The removal of these taxes aligns with the NDC government’s goal of reducing financial pressures on citizens and fostering economic growth. Dr. Forson said the reforms would increase disposable income, support business growth, and strengthen the economy’s stability.
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