NLA Pays GH¢10m To The Consolidated Fund As Dividend
The National Lottery Authority (NLA) has paid a GH¢10 million dividend to the Ministry of Finance for the Consolidated Fund. This payment marks a significant milestone in the Authority’s efforts to strengthen financial accountability and enhance its contribution to national development. The NLA team was led by Board Chairman Mr Frederick Amissah, who informed the […] The post NLA Pays GH¢10m To…
The National Lottery Authority (NLA) has recently transferred GH¢10 million to the Ghanaian government's Consolidated Fund, marking a crucial development in the organization's commitment to financial accountability and national progress. Led by Board Chairman Mr. Frederick Amissah, the NLA's actions have been aimed at boosting revenue through measures such as convincing Private Lotto Operators (PLOs) to transition from manual operations to Point of Sale terminals.
The Director-General, Mr. Mohammed Abdul-Salam, highlighted the payment as evidence of the NLA's ongoing reforms that are starting to yield positive results. The Authority's comprehensive reform program includes revising revenue-sharing contracts with private operators, adopting a competitive licensing framework, and introducing real-time revenue-monitoring systems.
The Ministry of Finance, represented by the Minister for Finance, Hon. Dr. Cassiel Ato Forson, welcomed the NLA's return to contributing to the Consolidated Fund, highlighting the need for enhanced financial support to bolster public services and national development initiatives.
Written by urgent.news from The Chronicle Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
