Osei Kyei-Mensah-Bonsu, the majority leader in Ghana’s parliament, has offered a convincing defense for the newly implemented 10% withholding tax on gains from gambling and lotteries.
The Suame MP enthusiastically backed the Ghana Revenue Authority’s (GRA) decision to impose a 10% withholding tax on winnings from both gambling and lottery operations during an interview on Kumasi’s Angel FM.
Mr. Kyei-Mensah-Bonsu expressed his worries about the spread of betting businesses and their possible effects, particularly on the nation’s young. He asserted that as these businesses grow, the younger generation may unintentionally develop a culture of complacency, sloth, and inactivity.
The Suame MP maintained his principled stance, asserting, “As an individual, I do not participate in the lottery because I do not believe in it. I do not have faith in luck. Instead, one should toil diligently, and blessings will follow.”
Kyei-Mensah-Bonsu stressed his opinion that hard work is still the most honorable way to achieve financial security, reinforcing his position as a devout Christian.
He also expressed worries about possible match-fixing issues resulting from betting company activities, noting the industry’s larger effects on sports integrity and fair competition.