Tere are around 30 licensed land-based sports betting operators in Ghana. While casinos are also permitted these are in most cases quite small and there are around eight in total. Tis is a decrease from 17 casinos in operations in 2014, which were mostly owned by foreign nationals and, typically, were associated with 5-star hotels. Mobile Money continues to remain the biggest payment solution in the country with an estimated ¢905.1bn transactions recorded in 2021. Online and land based sports betting is permitted and is regulated by the Gaming Commission.
Ghana loses an estimated 300m Ghana cedis in revenue annually due to betting offshore. Te Ministry of Finance and the Ministry for the Interior have been ordered to co-supervise the gaming industry and consult with stakeholders to formulate a comprehensive policy to improve tax revenue from the industry.
Assistant Commissioner of the Ghana Revenue Authority, Dr. Martin Yamborigya, said that online gambling offshore had increased over the years and there was a need to tax their operations. “It is an area that is also growing. A lot of people are moving away from the brick and mortar business into this online business,” he said.
Ghana loses an estimated 300 million cedis annually due to betting offshore. The Ministries of Finance and
Interior have been ordered to co-supervise the gaming industry and consult with stakeholders to formulate a policy to improve tax revenue from the industry.
Te GRA Commissioner- General, Rev. Dr. Ammishaddai Owusu-Amoah said that the government had designed a new system to ensure that any e-commerce, betting and gaming platform operating in Ghana would be tax compliant from now on. Te GRA had been working closely with the Gaming Commission, along with operators “to ensure that the right taxes are paid by players in the industry,” he said.
Te reform is part of a much larger policy as the government plans to collect a large amount of tax revenue from other online companies, including Facebook, Google, Netflix, Twitter, and Tiktok. Te Ghanaian government will require all e-commerce and digital platforms without a physical presence in the country to file tax returns and pay monthly taxes. As part of this plan, the Ghana Revenue Authority launched a non-resident e-commerce and Digital Services Registration portal as a first step to begin the taxing of electronic commerce this year.
WIRE / PULSE / INSIGHT / REPORTS P39
GHANA
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