{"id":91207,"date":"2023-08-12T16:28:35","date_gmt":"2023-08-12T16:28:35","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/08\/12\/ghanaian-youth-are-lazy-because-of-sports-betting-osei-kyei\/"},"modified":"2023-08-12T16:28:35","modified_gmt":"2023-08-12T16:28:35","slug":"ghanaian-youth-are-lazy-because-of-sports-betting-osei-kyei","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/08\/12\/ghanaian-youth-are-lazy-because-of-sports-betting-osei-kyei\/","title":{"rendered":"Ghanaian youth are lazy because of sports betting \u2013 Osei Kyei"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"635\" height=\"412\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/08\/osei-kyei.png\"   alt=\"\" title=\"osei-kyei\"\/><\/div>\n<p>Majority Leader in Parliament, Osei Kyei Mensah-Bonsu has reacted to why it is imperative to tax winnings on sports betting and lottery.<\/p>\n<p>According to him, betting does not encourage hard work but rather teaches people to engage in lazy activities which will corrupt the youth in Ghana.<\/p>\n<p>Speaking in an interview, the lawmaker reiterated that it is about time the youth work hard and quit betting.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>He added that God only blesses hard and does not encourage lazy behaviours.<\/p>\n<p>\u201cI don\u2019t believe in betting. I don\u2019t believe in luck. I believe in hard work and sweating to get money. Let\u2019s be serious. As for me, I\u2019m against betting coming into the country. I don\u2019t support it because it doesn\u2019t encourage hard work,\u201d the\u00a0Suame MP told Kumasi-based Angel FM.<\/p>\n<p>\u201cAs an individual, I don\u2019t engage in lottery because I don\u2019t believe in that. I don\u2019t believe in luck. Work hard so God will bless it.\u201d<\/p>\n<p>Meanwhile, the Ghana Revenue Authority (GRA) has announced that it will start with the implementation of a 10% withholding tax on all gross gaming winnings from August 15, 2023.<\/p>\n<p>According to the Authority, the previous 15% Value Added Tax (VAT) rate on each stake will no longer be applied. Instead, withholding tax will be imposed on earnings that are accrued after each win.<\/p>\n<p>The GRA further explained that the new policy is in line with an amendment to the Income Tax Act 2023 (No.2), Act 1094.<\/p>\n<p>A Commissioner of the Domestic Tax Revenue Division at the GRA, Edward Gyamerah said there would be a punitive measure against any gaming company that disregards the new policy.<\/p>\n<p>He stated that companies that flout the law would be subjected to fines, including having their licenses revoked.<\/p>\n<p><strong>READ ALSO<\/strong><\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"uKiD2WJhr6c\"><iframe loading=\"lazy\" title=\"Traffic Regulation: Bono East minister settles controversy over Tuobodom traffic lights (11-8-23)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/uKiD2WJhr6c?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Majority Leader in Parliament, Osei Kyei Mensah-Bonsu has reacted to why it is imperative to tax winnings on sports betting and lottery. According to him, betting does not encourage hard work but rather teaches people to engage in lazy activities which will corrupt the youth in Ghana. Speaking in an interview, the lawmaker reiterated that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":91208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-91207","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghanaian youth are lazy because of sports betting \u2013 Osei Kyei - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/08\/12\/ghanaian-youth-are-lazy-because-of-sports-betting-osei-kyei\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghanaian youth are lazy because of sports betting \u2013 Osei Kyei - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Majority Leader in Parliament, Osei Kyei Mensah-Bonsu has reacted to why it is imperative to tax winnings on sports betting and lottery. 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