Social media has been in a frenzy for the reason that finance minister Dr. Cassiel Ato Forson introduced that the government will abolish the controversial betting tax.
The betting tax was launched by the erstwhile Nana Akufo-Addo authorities in 2023 and in impact the Ghana Income Authority (GRA) started withholding 10% of all playing platform wins in August 2023.
Presenting the 2025 budget in parliament in the present day, Forson defined the choice to scrap what has been described as a nuisance tax.
He said:
Mr. Speaker we’ll abolish the ten% withholding tax on betting.
He pressured the necessity for the betting tax and different taxes to be eliminated, stating that it would enhance the disposal revenue of Ghanaians.
The removing of those taxes will ease the burden on households and enhance their disposal revenue. As well as, it’ll help enterprise progress and enhance tax compliance.
This announcement was met with pleasure by some Ghanaian youth and “traders” who’ve lengthy been calling for the betting to be scrapped. Whereas others keep that scrapping the tax will encourage extra youth to interact in betting, the Nationwide Democratic Congress (NDC) has stored its promise to take away the betting tax.
For a lot of “traders” it is a aid on their guess winnings, as they may now get to get pleasure from their full winnings when the price range is lastly authorized by parliament.
Reacting to this information, a few of them took to social media significantly X (previously Twitter) to have a good time.
Listed below are a number of of the funniest posts, feedback, memes and reactions publish the price range presentation in the present day.
Social media reactions
