Accra, Ghana – In a move that has been hailed as a major victory for Ghanaian youth, President John Dramani Mahama has scrapped the 10% withholding tax on lottery winnings, commonly referred to as the “betting tax”. The decision, which was announced as part of the 2025 budget, has been welcomed by many, including popular Ghanaian reggae-dancehall artist, Shatta Wale.
Shatta Wale, whose real name is Charles Nii Armah Mensah, took to Facebook to express his excitement and gratitude to President Mahama. “This is what we want to hear. Thanks to His Excellency John Dramani Mahama. Now boys go fit save cash and invest,” he wrote ¹. The artist’s reaction reflects the sentiment of many Ghanaian youth, who have been burdened by the tax.
The scrapping of the betting tax is part of the government’s broader strategy to reduce the financial burden on households and businesses. According to Finance Minister Dr. Cassiel Ato Forson, the tax had failed to generate the expected revenue and had instead worsened the cost of living crisis ¹. The move is expected to provide relief to many Ghanaians, particularly young people who have been disproportionately affected by the tax.
The 10% withholding tax on betting and lottery winnings was introduced by the previous administration in August 2023. The tax was applied at the payout point for all betting, games, and lottery wins, and was intended to mobilize ². However, the tax proved to be unpopular, with many criticizing it for being an economic burden on households and businesses.
Shatta Wale’s praise for President Mahama’s decision reflects the widespread sentiment among Ghanaians. The artist has been an outspoken advocate for the rights of Ghanaian youth, and has frequently used his platform to speak out against policies that he believes are unfair or unjust ³.
In conclusion, the scrapping of the 10% betting tax is a major win for Ghanaian youth, and has been welcomed by many, including Shatta Wale. The move is expected to provide relief to many Ghanaians, particularly young people who have been disproportionately affected by the tax. As the country continues to navigate its economic challenges, decisions like this one will be crucial in providing support to households and businesses.
The decision to scrap the betting tax is also a testament to the government’s commitment to listening to the concerns of its citizens. By abolishing the tax, President Mahama’s administration has demonstrated its willingness to make changes that benefit the people. As Ghana continues to move forward, decisions like this one will be important in building trust between the government and its citizens.
Source: Africa Publicity
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