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Sports betting has become very popular in Ghana, with many young people drawn to betting shops and online platforms with the promise of easy money. However, this growing trend has serious negative consequences for patrons and the society at large.
In this piece, we will look at the negative effects of sports betting in Ghana.
Sports betting often leads to significant financial problems for individuals and their families. Many Ghanaians, especially the youth, hope to win big but often end up losing more money than they can afford.
This can lead to mounting debts and financial instability. The desire to recover losses can turn into obsession, worsening financial troubles.
This financial distress affects the broader economy. Money spent on betting could be used for essentials like food, education, and healthcare. As people’s disposable income decreases, local businesses suffer, slowing economic growth and increasing poverty levels.
The social impact of sports betting in Ghana is severe. Relationships suffer as individuals become consumed by their betting activities, leading to neglect of family responsibilities and strained relationships. Continuous losses can cause stress and frustration, sometimes resulting in domestic violence and family breakdowns.
Psychologically, the effects are equally troubling. Gambling addiction is a growing problem, with many unable to control their betting habits. The cycle of anticipation and disappointment leads to emotional distress, anxiety, and depression. The stigma around gambling problems prevents many from seeking help, trapping them in a destructive cycle.
The act has become popular among Ghana’s youth, who are attracted by the idea of easy money.
Betting can also distract from education. Students who become obsessed with sports betting often skip classes, neglect their studies, and perform poorly academically. This impacts their prospects and undermines efforts to build a skilled workforce.
Sports betting is especially popular among Ghana’s youth, who are attracted by the idea of easy money. This group, already facing high unemployment and limited opportunities, is particularly vulnerable. Many young people spend their limited funds on betting, worsening their financial situation.
There are numerous instances where people have been sentenced for offenses related to betting – Here are a few highlights of such reports on the subject.
“Man remanded for betting with company’s GHC1m. Pure water truck driver arrested for using boss’s sales money for sports betting. Fuel station manager jailed 15 years for spending company’s GHC139,00 on betting,” these and many more are reported cases of betting.
A culprit who was found guilty of using church money to bet in his admission said “I spent the money by playing aviator – the offender, an accountant for the Ghana Police Church said for stealing GHC40K.
While sports betting is growing in popularity in Ghana, it is important to recognize its negative effects. The financial strain, social and psychological consequences, impact on youth and education, and potential rise in criminal activities reveal the darker side of this hobby.
To reduce these effects, Ghana needs stricter regulations on betting operations, public awareness campaigns on gambling risks, and support systems for those affected by gambling addiction.
However, in light of these, the ruling New Patriotic Party (NPP) government in 2023 implemented the 10% betting tax policy on the practice to demotivate the youth. The implementation means there is a deduction of the percentage on winning returns.
Meanwhile, there have been divided opinions on the government’s decision, but some communicators of the government say the move is to see the youth abstain from betting.
In conclusion, we need awareness and action, not just mere actions but practical actions to be meted out to curtail what has become a “hidden danger” and “threat” to Ghanaian youth.
By: Enock Kwame Ofori – a student at the University of Education, WinnebaÂ
