“Government considering using betting revenues for sports development” – Kofi Adams

HomeSPORTS

“Government considering using betting revenues for sports development” – Kofi Adams

Per multiple sources, the government is contemplating using the taxes on betting to invest in sporting projects. It is nearing two years since the

2025 Budget| Betting tax scrapped by government
We never collected any betting tax – ex-Finance Minister Mohammed Amin
‘So who was collecting the betting tax?’ – 4X4’s Captain Planet asks

Per multiple sources, the government is contemplating using the taxes on betting to invest in sporting projects.

It is nearing two years since the then government, led by His Excellency Nana Akufo Addo, introduced a 10% tax on all winnings in betting.

The government has made a huge sum of benefits from the betting tax but has not accounted for a penny to the citizens.

The youth have expressed their disappointment in the decision to let no one know the exact amount the country is benefitting from betting.

Newly appointed Sports Minister Kofi Adams has hinted at the decision to invest all the benefits from the betting tax into sports development.

The news is so welcoming and refreshing to punters because their monies are going to be used for something meaningful.