NLA, KGL Technology partnership game changer graphic.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from graphic.com.gh Daily Mail and Mail on Sunday newspapers.
NLA Commends Operators of 959# for positive partnership LISTEN
MAR 17, 2021
The National Lottery Authority (NLA) has commended KGL Technology Limited, operators of the official short code of the authority’s 959# for a solid partnership and good working relationship.
The authority is acknowledging the various roles KGL Technology Limited has played in resolving some financial issues recently, which otherwise would have plunged the authority into some level of crisis.
Key among these issues is the recent financial challenges that were encountered by the authority largely due to High Winning Ratios recorded over a long period of time.
The Win Ratios were exceeding the sales/revenue generated and this brought about some considerable level of liquidity challenges.
God created everything that exists through WORDS and NUMBERS. Every knowledge acquired is through WORDS and NUMBERS.
Our everyday transactions, trading and communications are based on WORDS and NUMBERS. Lotteries and sports betting deal with NUMBERS aspect of creation aimed at generating revenue for national development, and for human empowerment financially.
It is quite surprising that Cassiel Ato-Forson, a former Deputy Minister of Finance, is hopping mad at Akufo-Addo s government for not banning betting but has rather imposed taxes on sports betting.
For the avoidance of doubt, sports betting is regulated by the Gaming Commission of Ghana under Act 721 whereas lottery is regulated by the National Lottery Authority (NLA) under 722.
NLA Finally Gets Funds To Clear Debts peacefmonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peacefmonline.com Daily Mail and Mail on Sunday newspapers.
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The leadership of the Association of Lotto Marketing Companies (ALMC) has commended the Management of KGL Technology Limited for the timely intervention of releasing funds to the National Lottery Authority (NLA) for the payment of outstanding wins since April 2020.
A statement signed by the National Chairman of the Association, Mr. Daniel Mensah and copied to the media on Wednesday said this, in the view of the Association, is a sign of good leadership to calm nerves down in the lottery industry.
The statement forms part of a congratulatory message the Association sent to President Nana Addo Dankwa Akufo-Addo.
It said: “Sir we have observed that for some time now the NLA has been finding it very difficult to honour payment of prizes to its cherished winners, causing a lot of inconvenience to them.