Ghana’s gambling industry has grown at a high rate in recent years. The country has a population of about 30 million people. The government allows people to take part in various leisure activities such as gambling. Many Ghanaians play online casino games at Betway but few of them understand the country’s betting industry. In this article, we discuss the gambling industry in Ghana.
Gambling Laws
The National Lottery Authority controls the national lottery in Ghana while the Ghana Gaming Commission (GGC) regulates casino and sports gambling. Ghana’s parliament passed the Gaming Act 721 in 2006 and GGC checks whether all bookies follow the gambling law. But, some people criticize the commission for providing operating licenses to fraudulent sportsbooks. Corruption is a major challenge for the government of Ghana. Thus, some investors bribe a few GGC members to get licenses.
Ghana has a better internet connection compared to other West African nations. Also, it has a high number of smartphone users who engage in Betway Ghana betting for leisure. Most foreign betting companies have mobile versions that allow punters to bet on PC and mobile phones.
Ghana’s Betting Market
Sports betting is more popular than the traditional lottery in Ghana. The global market rose from $25 billion in 2009 to $42 billion in 2015, according to Statista.com. Many Ghanaian punters take part in land-based betting. But online sportsbooks comprise 30 percent of the global betting market. Increased smartphone penetration has significantly contributed to the growth of mobile gaming in Ghana.
Types of Gambling in Ghana
The Government of Ghana allows the following types of gambling:
- Online gambling: Citizens can place online bets and play online games at any casino and sportsbook. Recent reports state that the revenue that sports betting generates has risen by 19 percent since 2015 while that of casino gambling has increased by 10 percent. Online casinos in Ghana don’t release the actual figures of their annual revenue.
- Sports betting: A huge percentage of Ghana’s population loves football. Local and international bookmakers allow punters to wager on local and foreign soccer leagues such as the English Premier League, La Liga, and Serie A.
- Lotteries: The Ghanaian National Lottery conducts weekly draws for distributing valuable funds.
- Land-based casinos: Ghana has four land-based casinos.one is in Kumasi, another casino is in Tema while two are in Accra.
Payment Options
Cedi is the national currency in the country. But many international bookies don’t allow punters to wager with it. They can only use it at local sportsbooks. Ghanaian gamblers can use pound sterling, Euros and US dollars to wager at most betting firms. Besides, Ghanaian bookies allow people to deposit and withdraw money using Visa, MasterCard, mobile payment, debit and credit cards, Skrill, Skrill 1-Tap, and Neteller.
Ghana has a friendly environment for local and foreign bookmakers. The government has put several measures to attract foreign investors in the country. Its revenue collection has increased due to the growth of the gambling industry in the West African nation. The Ghana Gaming Commission issues operating licenses to betting firms such as Betway. They cover a wide array of sports and offer bonuses to new bettors.
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