Govt Director of the Institute of Statistical, Social, and Financial Analysis (ISSER), Professor Peter Quartey
The Govt Director of the Institute of Statistical, Social, and Financial Analysis (ISSER), Professor Peter Quartey, has strongly opposed the federal government’s resolution to scrap the betting tax.
Talking on the Put up-2025 Funds Assertion Evaluate in Accra, he emphasised the necessity for the federal government to redirect betting tax revenues into impactful youth improvement programmes somewhat than eliminating the levy.
“We’re instructed highway tolls raked in GH₵72 million, and betting tax is round GH₵140 million. Now, we wish to introduce highway tolls, which generate much less, and scrap betting tax, which brings in additional. I do know the younger ones received’t be proud of me, however for as soon as, I’m towards this,” he acknowledged.
He additional questioned the rationale behind eradicating the tax, arguing that betting is a type of earnings and needs to be taxed accordingly.
“With betting, you’ve earned earnings, and you might be paying one thing, but you say it needs to be free? And due to votes and populism, we permit this?” he remarked.
Professor Quartey additionally expressed considerations in regards to the rising notion of betting as a type of employment and urged the federal government to make use of the income to fund sustainable initiatives for the youth.
“Individuals wish to flip betting right into a method of labor, like employment. No—tax it and use the cash to develop one thing for the younger ones. This isn’t sustainable,” he asserted.
His feedback comes after the Finance Minister, Dr. Ato Forson acknowledged within the 2025 price range presentation in parliament of the federal government’s resolution to scrap some ‘nuisance’ taxes which embody the ‘betting’ tax ( 10% withholding tax on winnings).
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