Caretaker Finance Minister, Osei Kyei Mensah Bonsu has said that the Akufo-Addo led administration will formulate a policy that will seal revenue leakages in online betting.
According to Mr. Mensah the online betting has become a significant source of revenue for government and income for individuals across the globe but Ghana loses over GHS300 million every year due to revenue leakages.
“The influx of online betting and automation of the once totally manual process has changed the character of revenue sources from that industry,” he stated.
In order to implement this policy and to see to it that it’s a success, he said the Ministry of Finance and the Ministry of Interior will work hand in hand to supervise the gaming industry in Ghana.
The member of Parliament who doubles as the caretaker of the Finance Ministry said this while reading the 2021 budget in Parliament on Friday 12th March 2021.