Kofi Akpaloo supports the government’s 10% gambling tax and views it as a job. Percival Kofi Akpaloo, the founder of the Liberal Party of Ghana (LPG), has endorsed the government’s proposal to impose a 10% withholding tax on gambling.
Mr. Akpaloo claims that in order to fund the country’s economic operations, a tax of 10% on gambling is now required.
In an interview with Hello FM in Kumasi, Mr. Akpaloo said, “This is the job (betting) you have chosen, and you should be taxed. We need money to operate the economy. Each and every work is one.
Kofi Akpaloo insisted, claiming “It’s a job,” although the host countered that gambling is not a profession. Of course, there are others who run legitimate betting shops, and you have also made the decision to go place a wager.
Starting on August 15, 2023, the government, through the Ghana Revenue Authority (GRA), will levy a 10% withholding tax on gross winnings from customers of sports betting and other lotteries.
According to the Ghana Revenue Authority (GRA), all required steps have been taken to ensure complete compliance with the newly modified Tax Act.
Lotteries are expected to bring in GHC 1.2 million for the GRA.
However, many people, including the bettors themselves, have criticised the government’s decision once the 10% withholding tax on gross winnings from sports betting was implemented.
The youths who dominate the conversation have also threatened to hold protests against the choice.
The National Democratic Congress (NDC) has additionally declared that it will plan a series of protests to compel the government to repeal the 10% wagering tax.
Kofi Akpaloo supports the government’s 10% gambling tax and views it as a job.