Flag bearer of the National Democratic Congress (NDC) John Mahama has reiterated his pledge to put an end to taxes on betting and gaming wins introduced by the New Patriotic Party (NPP) administration.
Speaking at a campaign encounter with young people at the Bukom Arena in Accra, the former president reasoned that betting offered the Ghanaian youth a way out in affording their upkeep during the difficult economic times the country was enduring.
“Boys are hustling and there are no jobs so they do little betting for some beans (food). You see so I understand. It’s a matter that concerns the youth very much so we have already said when we come into office, we will abolish the betting tax,” Mr. Mahama stressed.
Former President Mahama conceded that although conditionalities in the International Monetary Fund (IMF) deal had necessitated the measure, the government had to find other ways of raising revenue.
“We know this government and IMF have signed an agreement that is why they introduced the betting tax but we have to find alternative revenue to pluck the hole that the betting tax will cost,” the NDC leader said.
He stated that in the absence of the 24-hour, the government ought to permit young people to generate little income for themselves.
Mr. Mahama noted that when the 24-hour is implemented young people would be so engaged and comfortable with work that they might not be versed in the activity as is the case presently.
In August last year, the Ghana Revenue Authority announced new taxes which will be automatically deducted at the point of pay-out for all betting, games, and lottery wins.
They were subsequently passed by parliament.
Source: Ghana/Starrfm.com.gh/103.5FM/Mitchell Asare Amoamah
