In terms of the conditions for obtaining a licence ‘‘a person qualifies for a Licence if that
person:
1. Has an identifiable office
2. Has a service mark logo registered with the registrar of Companies
3. Has the required minimum stated capital (Assets and Property) of
US$2,500,000 (Casinos), US$ 2,000,000 (Sports Betting), US$ 1,500,000
(Route Operation) and has agreed to maintain the amount of cash or cash
equivalent determined by the
Regulatory Body
4. Has submitted a tax clearance certificate, (proof of tax Registration) and
5. Is partly or wholly Ghanaian owned.
Upon meeting the conditions above, we can write on behalf of the applicant to the relevant
Regulatory Body and apply for a License. We will attach copy of:
1. Business Proposal. Must include:
a. Address of registered office, proposed branches and locations
b. Name and profile of directors
c. Tax clearance certificate of all Directors
d. Description of operations and management structure
e. Online sports betting industry analysis *
2. Details of sports betting/online sports betting Must include:
a. Approximate odds to be used*
b. Number and frequency of games/sports*
c. Prize and prize structure*
d. Operator game rules and participant code of practice
3. Certificate of Incorporation
4. Certificate to Commence Business
5. Shareholders Agreement
6. Financial and marketing plan. Must include:
a. Evidence of financial capability to operate the business
b. Capital budgets
c. 5 year financial projection and the assumptions made in considering the
figures d. Marketing and financial plan
*Applicable to Sports Betting and Online operations only.
Directors of the company shall be required to complete Personality Note (PN) and Anti-Money
Laundering (AML) forms which shall be submitted to the Security Agencies for background
checks and Vetting.
The Regulatory Body shall introduce applicants to the Bureau of National Investigations
(BNI) and the Criminal Investigation Department (CID) for criminal checks to be conducted.
In the case of foreign applicants/directors, introduction shall be made to INTERPOL,
Research Department of the Ministry of Foreign Affairs and Regional Integration and the
Financial Intelligence Centre (FIC). The Regulatory Body may also carry out further due
diligence beyond Ghana’s boarders on foreign national applicant(s).
Based on the reports received from the Security Agencies and the Regulatory Body having
satisfied itself with the fit and proper test, a Gaming License shall either be granted or
refused.
ADDITIONAL REQUIREMENTS
1. Not-withstanding, the Regulatory Body shall satisfy itself with but not limited to the
following:
a. The identity (ies) of new applicants
b. The passports or any national ID of the applicant(s).
c. The business registration documents.
d. Conduct further due diligence on senior managements
2. Details of game software system/information on software providers (i.e. Name and
country of a.
Origin). Certification of software*
b. Illustration of gaming interface/platform*
c. Detailed information on technical solution providers
3. Details of planned corporate social responsibility.
*Applicable to Sports Betting and Online operations only.
LICENSE RENEWAL-PROCESS
1. The Regulatory Body shall send a letter two (2) months before License expiration,
outlining the renewal process.
2. Notwithstanding (1), it is the operator’s responsibility to apply for the renewal of a
license before expiration date. Operators are obliged to inform the Regulatory Body of
any changes on their inventory and operations.
3. Pass Fit and Proper Test.
4. Submit Tax Clearance Certificate of company and directors.
5. Complete and submit Anti Money Laundering Form to prove source of funds or
additional funds.
6. Clearly indicate the Direct Beneficiary of Company.
7. Updated certification of software*
8. Any update/changes to company details (shareholder/Directors/Registered
address/Key Employees) during the preceding year
9. Audited Financials of the company.
