NLA to formalise ‘Banker to Banker’ operators

Business News of Friday, 28 July 2017

Source: Starrfmonline.com

2017-07-28

Nla NlaThe authority has begun moves to also increase the commissions paid operators from 20 to 25 percent

The National Lottery Authority (NLA) is planning to triple its earnings to government by streamlining activities of stakeholders, especially banker to banker operators.

The Authority pays about Gh¢35 million every year to government. The NLA has drafted a strategic plan to formalise the banker to banker operators. It has begun talks to scrap taxes on the commission it gives operators as well as tax of wins.

The authority has begun moves to also increase the commissions paid operators from 20 to 25 percent.

Formalisation of the banker to banker operators is also going to generate between GHC150-200 million for government.

The Director General of the NLA Kofi Osei-Ameyaw explained to Starr Business’ Osei Owusu Amankwaah that, the formalization of the banker to banker operation will be in phases.

“We are going to license a certain number of them within every region. We have 10 regions; for Greater Accra Region we will be looking for about 30-50 operators on the top. If each one pays a million cedis in a year that gives us about 30-50 million.

“If we don’t get the total number and some want to operate and pay, we will give them the license and they will then employ the writers underneath them and they will be the ones writing. So once we do that they can go ahead as licensed banker to banker operators who are not using the Point of Sale (POS) machines,” Mr Osei-Ameyaw said.

He further added that operators with POS machines will also be given the opportunity to pay wins directly to customers.

“We are also going to make sure that those who are also doing Point of Sale in collaboration with the banks can also do Point of payment; so that they are not disadvantaged by the banker to banker operators,” he added.

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