Gov’t reveal plans to to mobilize revenue from sports betting
The government of Ghana is planning to engage relevant stakeholders on ways to effectively mobilize revenue from sports betting, Majority Leader in Parliament Hon. Osei Kyei Mensah Bonsu has revealed.
During an appearance in Parliament to deliver the budget speech of the Government of Ghana for the 2021 financial year in the absence of the financial year, Hon. Osei Kyei Mensah Bonsu noted that betting has become a major source of revenue mobilization for governments all over the world.
With so many online betting platforms in the country and still counting, the Minister for Parliamentary affairs says government will explore the avenue to raise funds for the country.
“Mr. Speaker, gaming has become a major income earner all across the globe and a significant source of Government revenue. The influx of online betting and automation of the once totally manual process has changed the character of revenue sources from that industry,” Hon. Osei Kyei Mensah said.
He continued, “It is estimated that Ghana loses over GHs 300 million annually in revenue due to leakages in the sector. The Ministry of Finance and the Ministry for the Interior will co-supervise the gaming industry and will soon consult with stakeholders to formulate a comprehensive policy to improve revenue mobilization from this source”.
Meanwhile, many from the football fraternity in the past kicked against sports betting although some clubs in the country have sponsorship deals with some of the firms.
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