The National Lottery Authority (NLA) says it is expected to rake in an unprecedented financial gain of GHC30million, this year, from the licensing of KGL Technology Limited.
According to the Authority, the company has already paid GHC10million of the amount as part of the licensing requirement.
A statement from the Public Relations Unit of NLA indicated that an additional GHC20million will be raked in for the months of September and December, making a total of GHC30million.
“This achievement is breathtaking and unprecedented in the annals of the Authority,” it said.
“The ability of NLA and KGL Technology Limited to raise GHC30million for the Consolidated Fund during this era of the coronavirus pandemic would be a remarkable achievement for both NLA and KGL Technology Limited.
“The *959# has been doing very well, serving as an additional revenue stream that is augmenting revenue generation capacity of the Authority,” it added.
NLA pointed out that the implementation of the digital policy had been very supportive and critical for the continuous survival of the lottery industry, especially in this era of the coronavirus pandemic.
It noted the government’s commitment to ensuring a robust digital framework that supports digitisation of the economy aimed at benefiting the citizenry.
“The Government of Ghana is committed to the National Lottery Authority (NLA), since 2008, and has been trying to digitalise its operations, but to no avail, until the coming on board of KGL Technology Limited,” it added.
KGL Technology Limited, a wholly-owned Ghanaian entity, is a newly licensed online lotto marketing company responsible for the running of NLA’s official short code *959#.
One of the core business mandates of KGL Technology Limited is to advance the digitalisation of lottery on behalf of the National Lottery Authority in line with the digitalisation policy of the government.
KGL Technology Limited is expected to invest hugely into Corporate Social Responsibility (CSR) in line with its mission and vision for the industry.