The Domestic Tax Revenue Division (DTRD) of the Ghana Revenue Authority (GRA) noted that it has generated GH¢15 million from the newly implemented betting tax within a one-month period.

The tax collection agency is optimistic that this figure will increase to GH¢60 million by the conclusion of the football season (UEFA Champions League).

The Commissioner responsible for the DTRD, Edward Gyambra, has conveyed his confidence in the Authority's ability to surpass its revenue targets by the end of the year.

“We have two streams of taxes: the gross revenue tax and the withholding tax,” he explained.

“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 Ghana Revenue Authority (GRA) has implemented a 10% withholding tax on betting, aiming to generate around GH¢400 million in additional government revenue.

The tax measure took effect from August 15, 2023.

This tax measure has received divided opinions from the public. While a section of the general public is against the tax, some government officials, such as the Suame MP, Osei Kyei-Mensah-Bonsu support the implementation of the tax.