NLA to Earn GHC30million from KGL Technology Limited's Collaboration for 2020

NLA to Earn GHC30million from KGL Technology Limited's Collaboration for 2020

- The NLA is set to receive an unprecedented financial commitment of GHC30million from the licensing of KGL Technology Limited

- The amount that is for the year 2020 alone is unprecedented in the annals of the Authority

- *959# has been doing very well, serving as an additional revenue stream that is augmenting revenue generation capacity of the National Lottery Authority (NLA)

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The National Lottery Authority (NLA) would receive an unprecedented financial commitment of Thirty Million Ghana Cedis from the licensing of KGL Technology Limited for the year 2020. This achievement is breathtaking and unprecedented in the annals of the Authority.

The ability of the National Lottery Authority (NLA) and KGL Technology Limited to raise Thirty Million Ghana Cedis for the Consolidated Fund during this era of the Coronavirus pandemic would be a remarkable achievement for both NLA and KGL Technology Limited. 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).

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#.

NLA to Earn GHC30million from KGL Technology Limited's Collaboration for 2020

NLA to Earn GHC30million from KGL Technology Limited's Collaboration for 2020 Source: National Lottery Authority
Source: UGC

One of the core business mandates of KGL Technology Limited is to advance the digitalization of lottery on behalf of the National Lottery Authority 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 it's operations but to no avail until the coming onboard of KGL Technology Limited.

KGL Technology Limited paid an initial Ten million Ghana Cedis (Ghc 10,000,000) as part of the Licensing requirement. The Company is expected to make payments of Ten Million Ghana Cedis

(Ghc 10,000,000) for the Months of September and December 2020 respectively, totalling Thirty Million Ghana Cedis (Ghc 30,000,000) for the year 2020.

The implementation of the Digital Policy has been very supportive and critical for the continued survival of the lottery industry especially in this era of the Coronavirus pandemic.

KGL Technology Limited would invest hugely in Corporate Social Responsibility (CSR) in line with its mission and vision for the industry.

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