The National Lotteries Authority (NLA) will receive an unprecedented financial commitment of GH¢30 million from the licensing of KGL Technology Limited for the year 2020.
This achievement is breath-taking and unprecedented in the annals of the Authority.
A statement issued by the Public Relations Unit of NLA said the ability of the Authority and KGL Technology Limited to raise GH¢30 for the Consolidated Fund during this era of the Coronavirus pandemic will be a remarkable achievement for both parties.
“The *959# has been doing very well, serving as an additional revenue stream that is augmenting revenue generation capacity of the National Lottery Authority (NLA)”, the statement said.
KGL Technology Limited, a wholly owned Ghanaian entity is a newly licensed Online Lotto Marketing company responsible for the running of NLA’s official short code *959#.
One of the core business mandates of KGL Technology Limited is to advance the digitalization of lottery on behalf of the NLA in line with the digitalization policy of Government.
The Government of Ghana is committed to a robust digital framework that supports digitization and digitalization of the economy aimed at benefiting every citizen.
The National Lottery Authority (NLA) since 2008 has been trying to digitalised its operations but to no avail until the coming onboard of KGL Technology Limited.
KGL Technology Limited paid an initial GH¢10 million as part of the Licensing requirement.
The Company is expected to make payments of GH¢10 million each for the Months of September and December 2020 respectively, totalling GH¢30 million for the year 2020.
The implementation of the Digital Policy has been very supportive and critical for the continuous survival of the lottery industry, especially in this era of the Coronavirus pandemic.
KGL Technology Limited will invest hugely into Corporate Social Responsibility (CSR) in line with its mission and vision for the industry.