In the quarterfinals of the Women's Africa Cup of Nations (WAFCON), Ghana's "Black Queens" defeated Algeria, not only boosting national morale but also providing full returns to local bettors who won the entire prize money without having to pay the original 10% gambling tax.
Since April, the Ghanaian government has officially abolished the profit tax on gambling, marking a significant shift in the regulation and incentive policies of the industry. This victory allowed many gamblers who bet on the Ghana team to enjoy the tax-free benefits for the first time, further stimulating betting enthusiasm.
Parliamentarian Owen Frimpong praised the national women's team's performance in parliament and noted that the victory had a huge impact in his constituency. He stated that the voters were elated as they won their bets on the "Black Queens" and enjoyed tax-free winnings.
The government's move aims to alleviate economic pressure on the public while promoting the development of the local gambling industry. Finance Minister Cassiel Ato Forson pointed out in the budget that abolishing the gambling tax will increase consumer participation and enhance market vitality.
As the Ghana team continues to aim for the WAFCON bronze, the betting fever is spreading nationwide. With reduced tax burdens and intense competitions, a strong momentum is injected into Ghana's gambling industry.
