Mr. George Krobea Asante, the Deputy National Communications Director of the governing New Patriotic Party (NPP), has revealed that the next administration under Dr. Mahamudu Bawumia plans to scrap the 10% Value-Added Tax (VAT) on betting.
This announcement comes as a welcome relief to many in the nation, particularly the youth, who see betting as a way to earn some extra income amidst limited job opportunities. Mr. Krobea Asante emphasized that this policy change is part of a broader strategy to lessen the economic pressures on the young and enhance the country’s economic health.
The 10% tax, introduced by the Ghana Revenue Authority in 2023, sparked widespread protests. Young people took to the streets, arguing that the tax only added to their financial struggles. With few employment opportunities available, they felt that taxing their modest earnings from betting was a direct blow to their survival strategies.
Beyond Betting: A Tax-Free Future?
The NPP’s plans extend beyond just betting. Mr. Krobea Asante highlighted Dr. Bawumia’s commitment to abolishing several taxes that weigh heavily on Ghanaians.
These include levies on electricity and spare parts—measures that could significantly improve the cost of living for many. According to Asante, these initiatives will not only relieve financial burdens but also elevate the quality of life across the nation.
A Call to Action for the Electorate
Asante’s announcement is more than just a policy statement; it’s a rallying cry for Ghanaians to support Dr. Bawumia in the upcoming elections. He pointed out that Bawumia’s track record in economic management and his forward-thinking vision make him the ideal candidate to lead the country towards prosperity.
Asante contrasted Bawumia’s approach with that of former President John Mahama, critiquing the latter’s economic policies as insufficient in addressing Ghana’s challenges.
Economic Vision and Election Prospects
During his interview on Accra-based Happy FM, Mr. Krobea Asante portrayed a brighter economic future under Dr. Bawumia’s leadership.
He urged voters to consider Bawumia’s ability to navigate complex economic landscapes and implement policies benefiting the populace. This proposed tax repeal is poised to be a significant talking point in the elections, potentially swaying public opinion in favour of the NPP.
In a nation where every penny counts, the promise to eliminate the betting tax may just be the ace up the sleeve for the NPP in the upcoming elections. It may offer a glimpse into their broader economic strategies aimed at fostering growth and alleviating poverty.
