Betting Tax Will Be Abolished As President Mahama Promised-Dr Ato Forson

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.

Dr Forson also reiterated his strong stance on the controversial E-levy, saying his position on the matter had not changed.

“My position on the e-levy is well known. I have written articles about it, and my position has not changed,” he stated. He raised concerns about the classification of the levy, calling it neither a direct nor an indirect tax. “I don’t know how to classify it,” he added, questioning its efficacy in the current fiscal system.

The Finance Minister-designate emphasised that he would work towards a more sustainable and effective tax regime that fosters economic growth while relieving unnecessary burdens on the public.

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