By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Herald ghanaThe Herald ghana
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Reading: NLA signs GH¢ 55million deal with KGL for 2022
Share
Aa
The Herald ghanaThe Herald ghana
Aa
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Search
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Follow US
  • Advertise
Copyright © 2022 The Herald Ghana. All Rights Reserved
BusinessMajor 1

NLA signs GH¢ 55million deal with KGL for 2022

razak.bawa
Published January 31, 2022
Share
3 Min Read
SHARE

The National Lottery Authority, has signed a Fifty-five Million Ghana Cedis (GH¢55,000,000.00) Agreement with KGL Technology Limited for the year 2022.

This agreement gives KGL Technology Limited, the License to operate NLA’s 5/90 online Game as a collaborator for the year 2022.

In November 2019, NLA signed an agreement with KGL Technology Limited granting the latter a Provisional License Agreement to operate its 5/90 Game as an online lottery game on a pilot bass for two years.  

As part of the Agreement, KGL, Paid Twenty million Ghana Cedis (GH¢20,000,000.00) to NLA in 2020, and paid Twenty-five million Ghana Cedis (GH¢25,000,000.00)  in 2021.

A substantive 10-year Agreement renewable every three years thus was to begin in January 2022 between NLA and KGL.

More Read

NLA will collapse without KGL’s strategic partnership

KGL-NLA contract is the best contract so far since establishment of NLA in 1958
Educating the misinformed mind of Listowel Nana Kusi-Poku about NLA operations and KGL contract
Alex Apau Dadey honored for pioneering leadership and transformational business impact at Millennium Excellence Awards 2025

With the new direction of management under the leadership of its Director-General, Samuel Awuku and the Board of Directors chaired by Togbui Francis Albert Nyonyo, NLA has re-negotiated the deal to secure Twenty-five Million Cedis (GH¢ 25,000,000.00) more for the Authority, bringing the total amount to Fifty-five million Ghana cedis (GH¢55,000,000.00) for the year 2022.  

KGL, will in addition to the Fifty-five Million Ghana Cedis (GH¢55,000,000.00) pay a Licensing Fee of One Million, Seven Hundred Thousand Ghana Cedis (GH¢1,700,000.00).

The breakdown for the total amount is as follows.

Fifty Million Ghana Cedis (GH¢50,000,000.00) will go into NLA’s coffers. Three Million Ghana Cedis (GH¢3,000,000.00) million will go into a Stabilization Fund to cushion the Lotto Marketing Companies (LMCs) whose business have seen a downward turn recently while the remaining Two Million Ghana Cedis (GH¢2,000,000.00) will go into the NLA’s Good Causes Foundation to support the Authority’s Corporate Social Responsibility projects. The Fifty-five Million Ghana Cedis will be paid in quarterly installments effective 31st January 2022.

For Staff of NLA and the Authority’s other stakeholders, this new deal is a game changer and will shore up the Authority’s revenue, which has declined in the last couple of years.

The Agreement was finally signed after several weeks of tough negotiations between KGL and NLA. The Board of Directors of NLA, however, commended KGL for their innovation over the last two years during the pilot stages and robust ICT infrastructure put in place.

The Board Chairman of NLA, Togbui Francis Nyonyo at a brief signing ceremony, admonished KGL not to be complacent, but work hard to justify the confidence reposed in them.

You Might Also Like

NLA will collapse without KGL’s strategic partnership

KGL-NLA contract is the best contract so far since establishment of NLA in 1958

Educating the misinformed mind of Listowel Nana Kusi-Poku about NLA operations and KGL contract

Alex Apau Dadey honored for pioneering leadership and transformational business impact at Millennium Excellence Awards 2025

razak.bawa January 31, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Cry0
Happy0
Surprise0
Angry0
Wink0
Previous Article Can NDC and Mahama John Offer Solid Alternative To E-Levy?
Next Article Concerned drivers mull over 40% transport fare increase after NPA action
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
- Advertisement -
Ad imageAd image

Latest News

Mastercard and Access Bank collaborate to boost digital finance
Business Major 2 June 24, 2025
The three (3) pillars of Dr Bryan Acheampong (DBA) for Ghana’s transformation
Major 2 Major Politics June 23, 2025
OSP–Gyampo Row Escalates Amid SML Corruption Probe
Uncategorized June 23, 2025
Christians, poor Northerners & Zongo voters rejected Bawumia
Major 1 Major Politics June 23, 2025
CurrencyRate

You Might also Like

NLA will collapse without KGL’s strategic partnership

June 13, 2025

KGL-NLA contract is the best contract so far since establishment of NLA in 1958

June 11, 2025
BusinessMajor 2

Educating the misinformed mind of Listowel Nana Kusi-Poku about NLA operations and KGL contract

June 6, 2025
BusinessMajor 2

Alex Apau Dadey honored for pioneering leadership and transformational business impact at Millennium Excellence Awards 2025

May 12, 2025
Show More

Copyright © 2022-2025 The Herald Ghana. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?