The Ghana Football Association has appealed to government to scrap off the current 17.5% VAT rate on clubs gate proceeds.
The President of the association Kurt Okraku made the passionate appeal to Vice President of Ghana Dr. Mahamudu Bawumia who was a special guest at the launch of the 2029/20 football season to aid in waiving off the 17.5% VAT on gate proceeds to give clubs some financial freedom.
Kurt argued that despite the clubs not making enough money from the gates, the 17.5% VAT on gate proceeds leaves many clubs with nothing from the gates on some occasions.
“Your Excellency, we go round to look for our meagre money. We stage our games and promote them and at the end of the games, there is a VAT component of 17.5%. Your Excellency, we need a promise that today with your support and strategic strategy, government will waive off this 17.5% from our clubs,” Kurt appealed.
Kurt’s appeal to the president was given a thunderous applause by the clubs who already make little or nothing from the gates and the VAT levied on the little they make sometimes leaves them with nothing.
Clubs, mainly in the Premier and Division One Leagues, have consistently cried over the 17.5% VAT levied on their gate proceeds and have called on government to assist in that line.
But following the call of Kurt, it appears the long desire of seeing that tax component taken off will see the light of day.
If the move materializes, Ghanaian clubs will benefit massively as it ensures a significant chunk of their gate proceeds goes directly into their coffers.