The Minister-Designate for Finance, Dr. Cassiel Ato Forson, has downplayed the economic impact of revenue generated from the betting tax, arguing that its removal would not adversely affect the country.
His remarks follow a campaign promise made by President John Dramani Mahama to scrap the tax.
Speaking during his vetting by the Appointments Committee of Parliament on January 13, Dr. Ato Forson noted that the betting tax generates less than GHC50 million annually.
He maintained that removing the tax would have minimal economic consequences, provided expenditure is adjusted to offset the revenue shortfall.
“Some of the taxes are not bringing in any revenue that you should [increase]. For example, the betting tax is bringing in less than GHC50 million a year. It’s a nuisance tax and scrapping GHC50 million will not mean anything in a way that will affect the economy.”
Parliament not aware of your appointment – Afenyo-Markin to Callistus Mahama
Minority Leader Alexander Afenyo-Markin has expressed concerns about the appointment of Dr. Callistus Mahama as the Executive Secretary to the President, raising questions about the lack of communication with Parliament regarding the decision. Dr. Callistus Mahama was appointed by President John Dramani Mahama on January 6, 2025, with his appointment officially taking effect on January … Continue reading
