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BusinessGeneral

KGL uses its profit to support national development – Fmr NLA PRO

Starrfm.com.gh By Starrfm.com.gh Published October 16, 2025
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Former Public Relations Manager of the National Lottery Authority (NLA), Dr. Razak Kojo Opoku, has defended KGL Technology Limited’s contribution to Ghana’s economy, describing the company as a key partner in national development.

Speaking in response to recent publications by The Fourth Estate regarding the NLA-KGL partnership, Dr. Opoku stated that contrary to claims that KGL profits at the expense of the NLA, the company has consistently paid substantial sums to the Authority while reinvesting a significant portion of its profits in social impact projects nationwide.

According to him, KGL paid the NLA GHS 157.6 million in 2024 and is expected to pay GHS 170 million in 2025, bringing total payments to over GHS 327 million in just two years. These figures clearly show that NLA is making substantial revenue from its partnership with KGL. The suggestion that KGL makes millions while NLA makes zero is simply misleading,” he said.

Dr. Opoku added that KGL recorded profits of about GHS 70 million in 2024, a figure far lower than the revenue it paid to the NLA, emphasizing that the company’s tax obligations to the Ghana Revenue Authority (GRA) also exceed its profit margins.

He noted that in the years preceding the KGL partnership, the NLA was already struggling with debt. “Between 2012 and 2019, the NLA’s accumulated debts exceeded GHS 233 million, long before the KGL deal was signed in November 2019,” he explained. He maintained that the current financial performance of the Authority cannot be blamed on the partnership.

Beyond its payments to NLA, Dr. Opoku highlighted that between 50% and 70% of KGL’s profits are reinvested in Corporate Social Responsibility (CSR) and social investment initiatives across the country.

He cited major interventions such as the construction of a modern mental health facility in Kumasi in partnership with Otumfuo Osei Tutu II, a facelift for the Accra Psychiatric Hospital, support for the Akropong School for the Blind, and donations to flood victims in Keta. Other contributions include sponsorships for the Ghana Football Association, Black Stars, Millennium Marathon, and funding for the NLA Good Causes Foundation and the NLA-KGL Stabilization Fund.

“These initiatives demonstrate that KGL is not just in business to make profits but to play an active role in national development,” Dr. Opoku said. He added that the company’s ongoing tax payments and compliance with NLA licensing terms make it a credible private partner supporting government revenue generation.

Dr. Opoku further clarified that the NLA’s obligation to transfer funds to the Consolidated Fund is a management issue and not a responsibility of KGL. “KGL’s duty is to meet its financial and operational obligations under the license agreement. How NLA uses those funds is beyond KGL’s control,” he said.

He called for a more balanced public discussion on the role of private-sector partners like KGL in national development, stressing that “responsible reporting should reflect facts, not assumptions.”

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