Business

Finance, Interior Ministries to co-supervise gaming industry – Government

The government of Ghana loses millions of revenue yearly in the gaming industry due to a lack of proper supervision in the sector. It is estimated monies robbed the country amounts to over GHs 300 million in revenue each year.
 
To salvage the situation, the Ministry of Finance and the Ministry of Interior will soon be co-supervising the industry to halt the illegal activities impeding the progress of the country.
 
This was captured in the 2021 budget statement presented on behalf of the President by Suame lawmaker and the Minister of Parliamentary Affairs and Leader of Government Business, Mr. Osei Kyei Mensah-Bonsu Friday.
 
According to the Majority leader, the gaming revenue lost is largely through online betting and automation of the ancient manual process which was a major contributor to the economy hence the need to supervise the sector.
 
“Mr. Speaker, gaming has become a major income earner all across the globe and a significant source of Government revenue. The influx of online betting and automation of the once totally manual process has changed the character of revenue sources from that industry. It is estimated that Ghana loses over GHs 300 million annually in revenue due to leakages in the sector,” Osei Kyei Mensa-Bonsu said.
 
The government will engage shareholders, “to formulate a comprehensive policy to improve revenue mobilization from this source.”
 
 
By: Bernard Ralph Adams | Originalfmonline.com | Ghana

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