Ghana’s Finance Minister-designate, Dr. Cassiel Ato Forson, has pledged to abolish the controversial betting tax in his first budget if confirmed by Parliament.
Addressing the Appointments Committee on Monday, January 13, Dr. Forson argued that the tax has failed to meet its objectives, burdening the betting sector while generating minimal revenue. “As Finance Minister, I will abolish it in my first budget because it has failed,” he stated.
His position aligns with the National Democratic Congress’s campaign promise to scrap the tax, a move that has been welcomed by many, especially the youth.
Dr. Forson also reaffirmed his opposition to the E-levy, emphasizing his commitment to introducing a more sustainable and effective tax system.
He stressed the need for policies that promote economic growth while easing the financial burden on citizens and businesses.
The 10% betting tax, introduced by the previous government, has faced widespread criticism, with many labeling it a nuisance tax.
By committing to its abolition, Dr. Forson seeks to reform Ghana’s tax policies in a way that addresses public concerns and fosters long-term development.
