Skip to main content

NLA licenses 5 private sector lotto operators

The National Lottery Authority (NLA) signed a partnership agreement with the Veterans Administration, Ghana (VAG).

The agreement gave NLA the sole power to regulate, manage and supervise the operations of VAG lottery to contribute to the overall well-being of Veterans in the Country.

Based on the collaborative agreement between the NLA and Veterans Administration, Ghana, the National Lottery Authority has granted Licenses to the Lotto and Lotteries Company Limited, Alpha Lotto Limited, From Home Company Limited, Vision 2000 Company Limited and Rand Lotto under Act 844

The licensing of the qualified operators were done under the approval of the Board of the Authority.

The operators would operate the lottery under Act 844 regulated by the Authority in accordance with Act 722. 

All the operators together with their agents, sub-agents and ‘writers'(retailers) shall use Point of Sale terminals to sell all lottery products as part of the terms and conditions of their respective contracts.

Each operator shall obtain a Security Identification Embossment to affix on the respective Lotto kiosks of their agents, sub-agents and ‘writers'(Retailers).

 

The Operators would operate strictly in accordance with the terms and conditions stated in their contracts.

According to the NLA, “henceforth, any lotto operator, agent,  sub-agent and ‘Writer'(Retailer) who pays outrageous commission above the approved Commission by the Authority would be dealt with in accordance with Act 722, L. I. 1948 and Section 22 of Act 844.”

Authority reiterated that “it is unlawful under Act 722, L.I. 1948 and Section 22 of Act 844 to manufacture, distribute, sell or retail lottery products and services without authorization from the National Lottery Authority (NLA).”

Accordingly, all those engaged in illegal lottery operations would be arraigned before Lotto  Courts across the Country inaugurated by the Chief Justice of Ghana.

The lotto courts aim at ensuring the prosecution of lotto-related offences, compliance, and enforcement of Act 722, L.I. 1948 and Section 22 of Act 844.

However, the Authority would like to inform the general public that the list of licensed lotto marketing companies under Act 722 would be published soon.

 

Also, the second batch of licensed private sector lotto operators under Act 844 would be published.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of