KGL Group has reaffirmed its tax compliance record as government moves to renegotiate its agreement with the National Lottery Authority (NLA) following a presidential review.

According to a statement issued by a former Head of Public Relations at the NLA, Razak Kojo Opoku, KGL remains one of the few indigenous companies consistently audited by the Ghana Revenue Authority (GRA) and has met its tax obligations since its establishment.

The statement disclosed that the company is expected to pay about GHC150 million in corporate income tax to the GRA in April 2026, describing the move as a demonstration of responsible corporate citizenship.

The development comes after a committee set up by President John Dramani Mahama completed a review of the NLA-KGL agreement.

According to the findings, the contract between KGL and the NLA is not illegal and falls within the statutory mandate of the Authority. However, the committee recommended a renegotiation of the financial terms to secure a better deal for the state.

Following the report, President Mahama has directed the immediate commencement of fresh negotiations aimed at improving the revenue-sharing arrangement in favour of Ghana.

The statement noted that both KGL and the NLA are aligned on the need for periodic renegotiations, which it said are provisions already captured in the existing contract framework.

Data cited in the statement shows a steady increase in payments made by KGL to the NLA over the past five years. Contributions reportedly rose from GHC20 million in 2020 to over GHC173 million in 2025, reflecting what the company describes as growing support for national revenue mobilisation.

In addition to its payments to the NLA, KGL is said to have contributed significant tax revenues to the GRA over the same period.

The statement described KGL as a key private sector partner supporting government efforts to raise domestic revenue through both the lottery sector and tax contributions.

It also indicated that the company welcomes the directive to renegotiate the agreement, expressing appreciation to government for what it described as support for indigenous businesses.

However, the statement criticised investigative outlet The Fourth Estate over its earlier calls for the abrogation of the deal, arguing that the committee’s findings contradict claims that the agreement was unfavourable.

The review and subsequent renegotiation process are expected to shape the future of the NLA-KGL partnership, with government aiming to secure improved financial returns while maintaining private sector participation in the lottery industry.