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Tax on Sports betting is not bad, but If I were president, I would create more jobs- Lilwin

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Popular Ghanaian actor, and aspiring political candidate, Kwadwo Nkansah Lilwin has shared his ideas on how to curb the economic crisis in the country if he were President.https://www.youtube.com/watch?v=eprh9FH4PJU

The popular actor, who recently declared his intention to contest the Afigya Kwabre South parliamentary seat as an independent candidate believes unemployment is the main problem that has forced the youth of Ghana to venture into sports betting and other gambling activities.

Quite recently, the government of Ghana a new law that would impose a 10% tax on gains from betting and lotteries. This withholding tax will be automatically subtracted from all winnings from betting, games, and lotteries, according to the Ghana Revenue Authority (GRA).

The news of the tax on betting and many other taxes has not sat well on Ghanaians, as many have taken to social media to express their displeasure.

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Reacting to the news of the tax in a recent interview on Silver Tv, Lilwin stated that although the news of the the 10% tax on sports betting and other gambling activities is not a bad idea, he would focus more on creating jobs to help curb the menace.

“When I heard about the 10% tax on betting I was very quiet, and the seat of the President is not easy because I have decided to join. Taxing is not a bad idea, it is the source of a country’s economic growth and it is good to tax but if I were the President, I think I would create more jobs to the extent that workers will be scarce and since most of the youth are now into betting, I would increase the betting tax to 40% or 60% because I’ve opened jobs and realized they are still not interested in the job so I’ll increase the tax on bets, so when you win 100 cedis, I will get more out of your win because I have created jobs and you have decided not work,” he said.

On the other hand, Lilwin says he understands that the lack of jobs and employment has resulted in the high rate of betting and gambling because the youth have to survive.

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“Now there is less jobs in Ghana and I understand that is why the youth have relied on the bet to survive and I think His excellency, Nana Addo Dankwah shouldn’t have put the 10% because that was too much, he should have started with 2% and gradually increase so it wouldn’t disturb those who are investing,” he added.

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