GRA Generates GH¢15m from Betting Tax in a Month

The Domestic Tax Revenue Division (DTRD) of the Ghana Revenue Authority (GRA) has reported impressive results in its collection of betting tax. In just one month, they’ve gathered GH¢15 million in revenue.

With optimism running high, the tax authority aims to reach GH¢60 million by the end of the football season. Edward Gyambra, the Commissioner overseeing DTRD, expressed confidence in exceeding their annual revenue targets.

“We have two streams of taxes: the gross revenue tax and the withholding tax. During the first month of implementation, we averaged GH¢20 million for the GGR. As for the withholding tax, we’ve just started the betting season, but during the lean season, we averaged GH¢15 million. We anticipate this to quadruple by May.”

The GRA introduced a 10% withholding tax on betting, with the goal of contributing approximately GH¢400 million to bolster government revenue.