The Ghanaian government is recommending a 10% tax on all gains from sports wagering.
This implies that anytime a gambler wins a bet, he must give the government 10% of the winnings and keep the remaining 90%.
Also, the betting companies will be required to pay a 20% levy on all of their profits in addition to being taxed on all of their income.
According to the Ghana Revenue Authority, there will be a withholding tax on winnings from lotteries, gambling, and other games of chance.
At the time of payout, a 10% withholding tax will now be applied to winnings from gambling, lotteries, and other games of chance.
