Population
With a population of around 30.8 million people, over the last three decades, Ghana’s urban population has more than tripled, rising from four million to nearly 14 million people, and outpacing rural population growth.
Political and Economic Outlook
Ghana gained independence from Britain in 1957 making it the first sub-Sahara country to gain independence in the past two decades. Ghana is now one of the most stable African democracies. The Ghanaian economy grew by just 0.4 per cent last year - its
slowest rate since 1983. However, it has gained ground in 2021, expanding 3.1 per cent in the first quarter and 3.9 per cent in the second.
Sports Betting Regulation
Online and land-based sports betting is permitted and is regulated by the Gaming Commission. There are around 20 licensed sports betting operators and the number is growing due to increasing access to the Internet (as of January 2021, Ghana registered approximately 16 million Internet users, up from 14.76 million reported in the year before) and an increasing number of mobile payment solutions. In addition, sports betting companies
Lawmakers are split with some calling for a complete ban on sports betting. In March 2021, Ranking Member on Parliament’s Committee on Finance, Dr Cassiel Ato Forson called on the government to ban sports betting saying that increasing taxation was not the answer as betting was detrimental to the health of Ghanaian youth.
are increasingly present in The Ghanaian Premier League due to sponsorship deals. The government has recognised the need to update its sports betting laws, especially when it comes to offshore operators targeting the market and the loss of government tax revenue as a result.
However, lawmakers are split with some calling for a complete ban on sports betting. In March 2021, Ranking Member on Parliament’s Committee on Finance, Dr. Cassiel Ato Forson, called on the government to ban sports betting saying that increasing taxation was not the answer as betting was detrimental to the health of Ghanaian youth.
Peter Mireku, the Chief Executive Officer of the Ghana Gaming Commission, said that the way forward for sports betting in Ghana was the introduction of more regulations that would not only protect stakeholders, but also generate more revenue for the government. He added that the Gaming Commission was in the process of setting up an online monitoring platform for all betting companies.
P80 NEWSWIRE / INTERACTIVE / MARKET DATA
GHANA
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