NDC will rather tax betting companies but not winnings – Sammy Gyamfi

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Sammy Gyamfi, the National Communications Officer for the National Democratic Congress (NDC), the major opposition party, has made it clear that the NDC will consider taxing sports wagering “as it is done in the UK.”

In the lead-up to the 2020 elections, he allegedly made a remark regarding sports betting that was misconstrued by certain NPP social media users.

Mr. Gyamfi emphasized that he had discussed the possibility of imposing a tax on sports betting “as it’s done in the UK” during an interview regarding the NDC’s plans to fund the Sports Development Fund promised in their 2020 manifesto. He did this to call attention to the attempts by some New Patriotic Party (NPP) social media activists to twist his previous statements.

He emphasized a critical gap between Ghana’s new strategy and the UK taxation model, nevertheless. Bet earnings are not taxed in the UK; instead, betting businesses are heavily taxed. The new 10% tax on winnings from bets in Ghana runs counter to the UK model and the stance Gyamfi had supported during the 2020 campaign.

“This is the example I cited and indicated that a future NDC government will consider post 2020. The new 10% tax on bet winnings that the Akufo-Addo/Bawumia/NPP government has introduced is the direct opposite of what pertains in the UK and the position I canvassed in 2020. Don’t be misled!”

Read the full post from Sammy Gyamfi’s Twitters page below:

Source: Ghanatodayonline.com

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