KGL Group has expressed full support for President John Dramani Mahama’s directive to renegotiate its agreement with the National Lottery Authority (NLA), noting that provisions for periodic renegotiation are already embedded in the contract.
According to Razak Kojo Opoku, former Head of Public Relations at the NLA, in a statement said KGL remains one of the few companies in Ghana to have undergone comprehensive audits by the Ghana Revenue Authority (GRA), maintaining full compliance with its tax obligations since its establishment.
He disclosed that KGL is expected to pay GH₵150 million in taxes to the GRA within the next week of April 2026, describing the company as one of the few indigenous firms making such substantial contributions, thereby reaffirming its commitment to responsible corporate citizenship.
A committee established by President Mahama to review and renegotiate the NLA-KGL agreement has completed its work. Among its key findings were that the contract is not illegal and remains a valid legal agreement within the statutory mandate of the NLA.
Based on these findings, President Mahama has directed the immediate commencement of fresh negotiations aimed at securing improved financial terms for the Republic of Ghana.
Mr. Opoku noted that prior calls by The Fourth Estate for the abrogation or cancellation of the deal—described by the group as a “terrible NLA-KGL deal”—have not been upheld by the committee’s conclusions.
He further stated that the committee’s report, described as comprehensive and unbiased, instead recommended renegotiation of the revenue-sharing structure to ensure greater financial benefits to the state.
He emphasized that both the NLA and KGL have consistently aligned on the need for renegotiation, stressing that periodic reviews of the financial terms are clearly stipulated in the agreement.
Providing financial data, Mr. Opoku indicated that KGL’s payments to the NLA have steadily increased over the years:
- 2020 – GH₵20,000,000
- 2021 – GH₵44,343,375
- 2022 – GH₵55,000,000
- 2023 – GH₵92,400,000
- 2024 – GH₵157,600,000
- 2025 – GH₵173,360,000
He added that beyond these payments, KGL has also contributed millions of cedis in taxes to the GRA since the commencement of the NLA-KGL partnership.
Mr. Opoku described KGL Group as a model corporate institution committed to supporting government revenue mobilization and national development through both the NLA and the GRA.
He reiterated that the company welcomes the President’s renegotiation directive and expressed appreciation to the Mahama administration for its support of private sector growth.
However, he raised concerns about what he described as a sustained campaign by The Fourth Estate to undermine indigenous private sector businesses, questioning the extent to which foreign-owned companies operating in Ghana have been subjected to similar scrutiny.
Mr. Opoku further criticised what he termed “jandam journalism” and “scandalpreneurship,” cautioning against actions that could harm Ghanaian-owned enterprises.
