The Institute of Community Sustainability (ICS) has expressesed its disappointment and concern over the recent decision by President John Dramani Mahama to abolish the betting tax.

The removal of the Betting Tax is not only shortsighted but also jeopardizes the future of the Ghanaian youth, who are already grappling with the challenges of unemployment and economic instability, ICS, which earlier called for the Betting Tax to be increased from the 10% to 50%,  said.

The Finance Minister, Dr Cassiel Ato Forson, has announced that the government will be abolishing the Electronic Transaction Levy (E-levy), and the 10% tax on lottery winnings also known as betting tax.

The Minister announced this when he presented the government's first budget statement to Parliament on Tuesday, March 11.