Dr. Cassiel Ato Forson has asserted that removing the betting tax will not notably affect Ghana’s economy.
During his vetting by Parliament’s Appointments Committee on January 13, Dr. Forson explained that the betting tax generates less than GHC 50 million annually, labeling it a “nuisance tax.”
He further stated that abolishing the tax would not jeopardize the nation’s financial stability, provided that government spending is adjusted to compensate for the minor revenue shortfall.
Dr. Cassiel Ato Forson has asserted that removing the betting tax will not notably affect Ghana’s economy.
During his vetting by Parliament’s Appointments Committee on January 13, Dr. Forson explained that the betting tax generates less than GHC 50 million annually, labeling it a “nuisance tax.” He further stated that abolishing the tax would not jeopardize the nation’s financial stability, provided that government spending is adjusted to compensate for the minor revenue shortfall.
His comments came in response to former President John Dramani Mahama’s pledge to abolish the betting tax if re-elected, which has sparked public debate on the matter.
Dr. Forson reassured that the country’s economic progress would remain stable, even with the removal of the tax.
