My policies will eliminate betting tax – Bawumia says

Vice President Dr. Mahamadu Bawumia has promised to eliminate the controversial betting tax if elected president in the upcoming 2024 elections.

The tax, which imposes a 10% levy on winnings from sports betting and lotteries, has faced criticism from patrons, particularly the youth.

During his address on his vision for the nation, Dr. Bawumia stated, “The new policies that I am proposing to implement in 2025 will give us the fiscal space to eliminate some taxes such as the VAT on electricity, the emissions tax, and the betting tax without compromising our deficit target.”

The Vice President’s commitment to removing the betting tax aligns with broader promises to address taxation issues and create a more favorable fiscal environment.

Dr. Bawumia aims to implement policies that will not only eliminate specific taxes but also contribute to the overall development and well-being of the country.

Highlighting achievements in sports infrastructure, Dr. Bawumia emphasised the government’s notable progress in this sector.

He mentioned the completion of six new multi-purpose sports stadiums, ongoing projects in each of the ten old regions, the University of Ghana Stadium in Legon, and the development of multi-sports facilities at Borteyman for the African Games.

Additionally, the Vice President highlighted the substantial increase in public AstroTurf facilities from three in 2016 to over 150 presently, with many more in progress.

Source:norvanreports