Home » The NLA is only mandated to license Lotto Marketing companies under Act 722
Finance

The NLA is only mandated to license Lotto Marketing companies under Act 722

Accra,- Under the act 722, the National Lottery Authority (NLA) is only mandated to license Lotto Marketing Companies and not Banker-to-Banker Lotto Operators, Agents, writers, Mr Justice Yeboah, Editor for NDC newsletter has said.

He said the management of National Lottery Authority (NLA) was therefore perpetuating acts of illegality in relation to the licensing of the Operators of Private Lotto (OPL) popularly known as “Banker-to-Banker lottery operations.

“All Private Lotto Operators, Agents and Writers are supposed to be licensed under Act 844 regulated by Act 722.

“Private Lotto Operators, Agents and Writers cannot be directly licensed under Act 722. It is only Lotto Marketing Companies which can be licensed directly under Act 722.”

This was in a statement signed and copied to the Ghana News Agency in Accra on Monday.

“The National Lottery Authority (NLA) under the National Lotto Act 2006 (Act 722) are supposed to issue coupons to Lotto Marketing Companies to sell in exchange of Lotto Commission which is currently at 20 per cent.

“How practically possible is it for the National Lottery Authority (NLA) to compete with the private sector Lotto Operators across Ghana?

“The poor Commission of 20 per cent to the lotto marketing companies has compelled majority of the Lotto Companies to sell for the Banker-to-Banker Lotto Operators to attract a Commission of between 30 to 40 per cent.

The statement called on the Ministry of Finance and the National Lottery Authority to create the enabling environment for the lottery industry to sustain the various jobs that were created by the Operators of Private Lotto.

It said the recent arrest effected by the National Lottery Authority was a threat to national security and had the tendency to create unemployment in the country.

Source: Ghana News Agency

Calender

March 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031