“The Ghana Revenue Authority (GRA) has officially introduced a 10% tax on lottery winners”
The Ghana Revenue Authority (GRA) has declared the enforcement of a 10% tax on lottery winnings. This development marks a significant fiscal measure as the GRA seeks to enhance revenue collection in the country. Lotto winners will now be subject to a 10% deduction from their winnings, reflecting the government’s effort to bolster its financial resources. The implementation of this tax aligns with broader strategies to ensure a fair and equitable distribution of tax burdens among citizens. The GRA’s decision underscores the importance of fiscal policies in sustaining public services and economic development. As the new tax policy takes effect, it is poised to impact both lottery participants and the overall fiscal landscape in Ghana.