In response to the government’s recent 10% betting tax, NYA’s chief executive officer, Pius Enam Hadzide, has rebuked the opposition National Democratic Congress (NDC). Pius Hadzide NDC betting tax
During an interview on Citi FM, the former Deputy Information Minister told Ghanaians to hold the NDC accountable for its conduct because it supports activities that harm the country’s value systems.
He argues that the NDC is only acting populist to win elections.
NDC’s attitude toward young people pretty much scandalizes me. If there is a problem with employment, NDC recommends betting to solve whatever challenges young people face. It is not only the Majority Leader, Osei Kyei-Mensah-Bonsu, who has concerns about betting and its effects on any country’s value systems, even the Minority Leader, Ato Forson, is also calling for the state to eliminate all forms of betting.”
– His words.
Additionally, Mr. Hadzide criticized the largest opposition party for inciting the youth against the government.
Young people are being prepared for the future, and if you want to lead the country, you should discuss policies, and not that there are hardships, young people should resort to gambling, a game of chance. That we will not encourage the Ghanaian youth who is hardworking and entrepreneur to work harder.
According to the NDC’s Youth Wing, the withholding tax on gross gaming winnings, which was recently imposed, will further exacerbate the plight of the already impoverished youth.
Earlier this week, the NDC Youth Wing issued a press release warning that a series of protests will be organized if the government does not abolish the tax. Picketing at the Ministry of Finance and other government offices nationwide is part of these actions.
The young people of Ghana and the NDC Youth are taking resolute action to combat the burdensome and insensitive policy imposed by ten (10%) percent on bet wins. We remain united and determined to protect the funds of the young people secured through betting with unwavering determination.”
Our voices will be heard through agitations, protections, advocacy, and civic engagement to demand the reversal of these corrupt decisions made by The Akufo-Addo/Bawumia government.
Nevertheless, Mr. Hadzide contends the NDC is simply appealing to the emotions of Ghanaians.
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An overview
The Ghana Revenue Authority (GRA), commenced the implementation of a 10% withholding tax on all gross gaming winnings on Tuesday, August 15. GRA stated that a 15% Value Added Tax (VAT) rate will no longer be charged for each stake since the withholding tax will be charged on profits accrued after each win.
According to the GRA, the new policy aligns with amendments to the Income Tax Act 2023 (No. 2), Act 1094. Pius Hadzide NDC betting tax
