'Over GH₵80m was collected in betting tax, Amin Adam got it wrong' – Finance Minister

In a recent statement, Ghana's Finance Minister, Ken Ofori-Atta, clarified that the government has successfully collected over GH¢80 million from betting taxes this year. This announcement came in response to comments made by Deputy Finance Minister Amin Adams, who had inaccurately claimed that tax revenue from the betting sector was significantly lower.

Ofori-Atta emphasized the importance of accurate reporting on fiscal matters, noting that the substantial tax collection reflects the government's ongoing efforts to regulate and benefit from the burgeoning gambling industry. He reiterated that these funds play a crucial role in financing various national projects and initiatives aimed at economic development.

The Finance Minister's remarks highlight the significance of transparency in financial reporting as well as the potential for increased revenue through proper taxation of betting activities. As Ghana continues to navigate its economic challenges, effective management of such sectors could provide vital support for public services and infrastructure improvements, ultimately contributing to national growth and stability.