Te surge in gambling popularity in Ghana began during a period of robust economic growth.
Unfortunately, Ghana plunged into an economic crisis in 2022. Before then the outlook had been
very different with the country being described as a rising star by the World Bank. Indeed Ghana had long been considered a success story and a model for African development.
Te Ghanaian government's strategic focus on increasing revenue has particularly spotlighted the sports betting sector, which has flourished in tandem with the widespread popularity of football and the convenience of mobile platforms. In addition, in what could be a highly significant development, the government is expected to eliminate the unpopular tax on player winnings following the presidential elections which are scheduled to take place in December. However, the surge in gambling popularity in Ghana began
during a period of robust economic growth. Unfortunately, Ghana plunged into an economic crisis in 2022. Before then the outlook had been very different with the country being described as a rising star by the World Bank. Indeed Ghana had long been considered a success story and a model for African development. Now the West African nation is grappling with its worst economic crisis in a generation, exacerbated by soaring public debt.
A GROWING POPULATION Ghana’s population is projected to increase from 30.8 million in 2021 to 52.5 million in 2050 according to data recently published by Ghana’s Statistical Service. Te projected population in 2050 would be 1.7 times the size of the population in 2021. At the regional level, Greater Accra and Ashanti regions are expected to remain the two most populous regions, each with projected populations above 7.5 million by 2050. According to the study “2021 Population and Housing Census
Tematic Report on Population Projections” the ongoing demo- graphic shifts in the age structure, are expected to continue over the next decades. Te share of the population 0 to 14 years is projected to decline by 6.3 percentage points from 35.3 percent in 2021 to 29.1 per cent in 2050. Te share of the population 60 years and older is expected to increase by 4.3 percentage points over the same period (from 6.5 to 10.8 per cent). Meanwhile by the end of the decade (2030), the population is
expected to grow to 37.2 million persons, meaning that an estimated 711,706 additional persons, on average will be added to the population annually. Te population residing in urban areas is projected to increase by 4.0 percentage points between 2021 and 2030: from 56.7 to 60.7 per cent. Meanwhile by 2030, more than half of the 16 regions are expected to be urban while seven regions (Volta, Oti, Western North, North East, Upper West, Savannah and Upper East) will remain predominantly rural in 2030.
POLITICS Formerly known as the Gold Coast, Ghana gained independence from Britain in 1957 making it the first sub-Sahara country to gain independence. In the early 1990’s, after a long period of military rule, Ghana became a democratic state. Ghana has consistently held peaceful elections, with power transitioning
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