{"id":16572,"date":"2024-08-14T00:25:01","date_gmt":"2024-08-13T21:25:01","guid":{"rendered":"https:\/\/igamingafrika.com\/?p=16572"},"modified":"2024-08-14T00:25:01","modified_gmt":"2024-08-13T21:25:01","slug":"npps-bawumia-promises-to-abolish-10-vat-on-betting-to-ease-economic-burden","status":"publish","type":"post","link":"https:\/\/igamingeuropa.com\/index.php\/2024\/08\/14\/npps-bawumia-promises-to-abolish-10-vat-on-betting-to-ease-economic-burden\/","title":{"rendered":"NPP&#8217;s Bawumia Promises to Abolish 10% VAT on Betting to Ease Economic Burden"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>A Deputy National Communications Director of the governing New Patriotic Party (NPP), <a href=\"https:\/\/www.instagram.com\/g_asante86\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mr. George Krobea Asante<\/a>, has announced that the next government under Dr. Mahamudu Bawumia intends to abolish the 10% Value-Added Tax (VAT) on betting. <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This measure is designed to alleviate the economic strain on the youth while bolstering the economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/igamingafrika.com\/the-ghanaian-government-approves-a-new-10-tax-on-winnings-from-sports-betting-and-lotteries\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Ghana Revenue Authority implemented the 10% tax on betting, games, and lottery winnings in 2023<\/a>, leading to significant protests among young people. Many argued that, given the limited job opportunities, betting has become a vital source of income, and imposing a tax on it would exacerbate their financial difficulties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also: <a href=\"https:\/\/igamingafrika.com\/sportybet-seeks-gaming-license-in-brazil-ushering-in-a-new-era-of-sports-betting\/\" target=\"_blank\" rel=\"noreferrer noopener\">SportyBet Seeks Gaming License in Brazil, Ushering in a New Era of Sports Betting<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Krobea Asante highlighted that the NPP&#8217;s flagbearer, Dr. Bawumia, is devoted to reducing the financial burdens on Ghanaians by eliminating several taxes, including those on betting, electricity, and spare parts. He contends that these initiatives will greatly enhance the living standards of the populace.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He urged Ghanaians to rally behind Dr. Bawumia in the forthcoming elections, emphasizing his proven ability in economic management and a concrete vision for the country\u2019s future. He drew a contrast with former President John Mahama&#8217;s tenure, claiming it failed to effectively tackle the nation&#8217;s economic issues.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Krobea Asante, Dr. Bawumia is the best choice for fostering economic growth and improving the lives of Ghanaians. He made these remarks during an interview on Accra-based Happy FM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Deputy National Communications Director of the governing New Patriotic Party (NPP), Mr. George Krobea Asante, has announced that the next government under Dr. Mahamudu Bawumia intends to abolish the 10% Value-Added Tax (VAT) on betting. This measure is designed to alleviate the economic strain on the youth while bolstering the economy. The Ghana Revenue &hellip;<\/p>\n","protected":false},"author":3,"featured_media":16573,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,103,198],"tags":[752],"class_list":["post-16572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-united-kingdom-gambling-news","category-west-africa-gambling","tag-ghana-betting-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NPP&#039;s Bawumia Promises to Abolish 10% VAT on Betting to Ease Economic Burden<\/title>\n<meta name=\"description\" content=\"Mr. George Krobea Asante, has announced that the next government under Dr. Mahamudu Bawumia intends to abolish the 10% Value-Added Tax (VAT) on betting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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