The controversial withholding tax on all gaming earnings will be abolished by the government, the Minister of Finance, Dr. Cassiel Ato Forson, has announced.
He said this during his presentation of the 2025 Budget in Parliament on March 11, 2025.
In his words, he stated; “We will abolish the 10% withholding tax on winnings from lottery, otherwise known as the ‘Betting Tax’.”
The announcement comes as a fulfillment of the government’s promise to relieve Ghanaians from the numerous taxes they pay.
The Minister of Finance, Dr. Cassiel Ato Forson, said this during his presentation of the first Budget and Economic Policy of the John Dramani Mahama administration in Parliament on Tuesday, March 11, 2025.
This is in accordance with Article 179 of the 1992 Constitution and Section 21 of the Public Financial Management Act, 2016 (Act 921).
Dr. Ato Forson is expected to touch on the real state of Ghana’s economy and the policy objectives of the Mahama administration to tackle the country’s current economic challenges.
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Credit: ghanaweb.com
