{"id":9772,"date":"2025-10-06T04:59:34","date_gmt":"2025-10-06T07:59:34","guid":{"rendered":"https:\/\/focusgn.com\/africa\/?p=9772"},"modified":"2026-04-19T13:16:50","modified_gmt":"2026-04-19T16:16:50","slug":"ghana-lottery-deal-defended-by-cibi-amid-ghs3bn-controversy","status":"publish","type":"post","link":"https:\/\/focusgn.com\/africa\/ghana-lottery-deal-defended-by-cibi-amid-ghs3bn-controversy","title":{"rendered":"Ghana lottery deal defended by CIBI amid GHS3bn controversy"},"content":{"rendered":"\n

CIBI responds to recent reports on the NLA licensing agreement with KGL Technology Limited, highlighting historical revenues and financial benefits.<\/p>\n\n\n\n\n\n\n\n

Ghana.- The Chamber of Indigenous Business and Investors (CIBI)<\/strong> has defended<\/strong> the National Lottery Authority\u2019s (NLA) <\/strong>15-year licensing agreement with KGL Technology Limited (KGL) in Ghana, amid claims<\/strong> that the lottery deal undervalued<\/strong> the NLA operations.<\/p>\n\n\n\n

Recent reports by two media outlets \u2013 The Fourth Estate and the Media Foundation for West Africa (MFWA) \u2013 scrutinised the NLA\u2019s licensing agreement with KGL. The reports state that the NLA \u201cgave away a GHS3bn (\u20ac204.7m)<\/strong> prime business to KGL Technology Limited in exchange for peanuts of GHS170m (\u20ac11.6m)<\/strong> annually\u201d, raising concerns<\/strong> about the fairness and financial terms<\/strong> of the agreement. The report also noted that the 2024 contract was for 15 years, with an automatic renewal for another five years.<\/p>\n\n\n\n

CIBI responded<\/strong> to the reports, emphasising that historical NLA operations never generated GHS3bn (\u20ac204.7m) annually. In a response published by ModernGhana, the organisation said: \u201cFourth Estate lied to the public about the annual revenue<\/strong> of a GHS3bn (\u20ac204.7m) business of NLA being given away to KGL based on the aforementioned data.\u201d<\/p>\n\n\n\n

CIBI cited NLA data<\/strong>, stating that the highest revenue prior to KGL\u2019s involvement was GHS401.7m (\u20ac27.4m) <\/strong>in 2017, with total revenue from 2013 to 2020 amounting to GHS2.77bn (\u20ac188.8m)<\/strong>, of which GHS1.38bn (\u20ac94.1m) went to prize pay-outs.<\/p>\n\n\n\n

The controversy centres on KGL\u2019s exclusive licence to operate the 5\/90 lottery<\/strong> via USSD and web platforms, which allow players to stake and claim winnings digitally. Under the licensing agreement, KGL manages the lottery\u2019s technical infrastructure, daily operations, marketing, prize payouts and assumes all operational risks<\/strong>.<\/p>\n\n\n\n

KGL payments surpass NLA\u2019s historical contributions<\/h2>\n\n\n\n

Regarding the financial contributions<\/strong>, CIBI said: \u201cThe annual payment of GHS170m (\u20ac11.6m) by KGL to the Consolidated Fund through NLA exceeds all individual payments made by NLA itself from 2013-2020, highlighting the financial benefits<\/strong> of the deal rather than any undervaluation. The amount of money<\/strong> paid by KGL to NLA from 2019-2024 exceeds<\/strong> the amount of money paid by NLA itself to the Consolidated Fund from 2013-2024 and this is the absolute fact.\u201d<\/p>\n\n\n\n

Previous attempts by the NLA and private operators to run the 5\/90 lottery via USSD failed in 2008, 2015, and 2019\u20132020, highlighting the need for a technically capable operator<\/strong> like KGL. The company has consistently met its obligations, including quarterly payments to the NLA and taxes to the Ghana Revenue Authority, while ensuring prompt prize payouts to players, according to CIBI.<\/p>\n\n\n\n

The dispute highlights ongoing debates<\/strong> over lottery licensing, digital gambling operations and revenue management in Ghana. While recent reports raised concerns about fairness, CIBI maintains that the deal strengthens the lottery system<\/strong>, protects players and delivers consistent revenue to the state.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Ghana\u2019s Lottery Authority uplifts two million citizens through social initiatives<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

CIBI responds to recent reports on the NLA licensing agreement with KGL Technology Limited, highlighting historical revenues and financial benefits.<\/p>\n","protected":false},"author":2809,"featured_media":203,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Chamber of Indigenous Business and Investors (CIBI) has defended the National Lottery Authority's (NLA) 15-year licensing agreement with KGL Technology Limited in Ghana, refuting media claims of undervaluation. CIBI asserts that KGL's annual payments to the Consolidated Fund surpass NLA's historical contributions and that KGL's operational expertise has successfully digitized the 5\/90 lottery, which NLA previously failed to achieve. The dispute highlights ongoing debates over lottery licensing, digital gambling operations, and revenue management.","focusai_entities":"Chamber of Indigenous Business and Investors (CIBI), National Lottery Authority (NLA), KGL Technology Limited (KGL), The Fourth Estate, Media Foundation for West Africa (MFWA), ModernGhana, Ghana Revenue Authority","focusai_location":"Ghana, West Africa","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"NLA's Due Diligence?","query":"What specific due diligence processes and independent valuation methodologies were employed by the NLA to determine the fair market value of the 5\/90 lottery operations prior to awarding the 15-year exclusive license to KGL Technology Limited?"},{"label":"Regulatory Oversight Impact?","query":"How will the ongoing media scrutiny and CIBI's defense of the NLA-KGL licensing agreement influence future regulatory oversight and governance frameworks for long-term B2B contracts within Ghana's iGaming sector?"}],"footnotes":""},"categories":[60016,60012],"tags":[74],"class_list":["post-9772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-west-africa","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/posts\/9772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/users\/2809"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/comments?post=9772"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/posts\/9772\/revisions"}],"predecessor-version":[{"id":9790,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/posts\/9772\/revisions\/9790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/media\/203"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/media?parent=9772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/categories?post=9772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/tags?post=9772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}