Executive Chairman Alex Dadey said taxes belong to the people.
KGL Group presented GH¢153 million in corporate income tax to the Ghana Revenue Authority on 16 April in a public ceremony at GRA's head office in Accra.
Executive Chairman Alex Apau Dadey said the company made GH¢350 million in total direct payments to the state in 2025, including GH¢180 million remitted to the National Lottery Authority.
The petroleum oversight body flagged risks in the Tullow-led acquisition of the FPSO Prof. John Evans Atta Mills for a declining field producing 16,000 barrels a day.
The April Africa Economic Update names Ghana among the economies most exposed to Middle East escalation. Refined fuel imports cover 70 percent of consumption.
The rating agency's 'African Banks in Iran War Scenario' report finds Ghana neither wins nor loses materially from the oil shock. Gold exports hit $20 billion in 2025 — 75 percent of merchandise exports.
GRA Commissioner-General Anthony Sarpong commended KGL's voluntary compliance. Acting Commissioner of the Domestic Tax Revenue Division, Dr Martin Kolbil Yamborigya, said the contribution is vital in enabling the government to deliver on its development priorities.
Dadey said taxes belong to the people and that KGL is only returning what rightfully belongs to them.
The public tax presentation lands in the same month that President Mahama directed an immediate renegotiation of the NLA-KGL contractual relationship.
The directive followed a Fourth Estate investigation titled "The Terrible NLA-KGL Deal" which found that the NLA received GH¢157.6 million from KGL's GH¢3 billion gross lottery revenue in 2024. That is 5.2 percent.
Under the original 2019 contract terms, KGL would have paid the NLA GH¢600 million — 20 percent of gross revenue. The contract was renewed in 2022 for 10 years, then replaced in 2024 with a 15-year agreement running to 2039 with an automatic 5-year renewal. Each iteration reduced the NLA's effective share.
In December 2025, Mahama ordered a comprehensive review of the contracts, citing the Fourth Estate's reporting.
In April 2026, he directed renegotiation.
KGL is one f Ghana's largest indigenous conglomerate, if not the largest, with subsidiaries across lottery technology, electronic payments, transport, shipping, agriculture, and property. KGL Technology ranked first in ICT at the 2024 Ghana Club 100 Awards.
The group operates lottery contracts in Ghana, Nigeria, and Cote d'Ivoire.
The GH¢153 million in corporate income tax is a real payment to a real revenue authority. The GH¢350 million in total state contributions is a substantial figure. The GH¢40 million committed to community development through the KGL Foundation is not trivial.
But the ceremony's timing and staging are the story.
A company under presidential scrutiny for the terms of its most valuable contract chose this moment to demonstrate, publicly and on camera, that it pays its taxes.
Dadey's language, "we create value and we share that value responsibly", is a direct response to the narrative that KGL has been extracting disproportionate value from the state lottery.
Whether the renegotiation produces a materially different revenue share for the NLA will determine whether the compliance signalling was substance or performance.
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