KGL Group has expressed strong support for President John Dramani Mahama’s directive to renegotiate its agreement with the National Lottery Authority (NLA), describing the move as consistent with provisions already captured in the contract.

In a statement issued by Razak Kojo Opoku, a former Head of Public Relations at the NLA, the company reaffirmed its commitment to compliance and transparency, highlighting its tax record with the Ghana Revenue Authority (GRA).

According to the statement, KGL Group has been fully audited by the GRA over the years and remains compliant with its tax obligations.

It added that the company is expected to pay GHS150 million in taxes in April 2026, underscoring its contribution to national revenue.

The statement indicated that a committee established by President Mahama to review the NLA-KGL agreement has completed its work, concluding that the contract is legally valid and falls within the statutory mandate of the NLA.

Based on these findings, the President has directed that fresh negotiations commence immediately to secure improved financial terms for the state.

The statement emphasised that provisions for periodic renegotiation are already embedded in the contract, and both parties have aligned on the need to review the financial structure to ensure greater benefits to Ghana.

KGL Group also outlined its financial contributions to the NLA, noting a steady increase in payments over recent years.

The company reported payments rising from GHS20 million in 2020 to over GHS173 million in 2025.

It further stressed that, beyond payments to the NLA, it has consistently met its tax obligations to the GRA, positioning itself as a key contributor to government revenue mobilisation.

The statement also responded to criticisms from The Fourth Estate, which had previously called for the cancellation of the NLA-KGL deal and described it as unfavourable.

It argued that the committee’s findings contradict those claims, instead recommending renegotiation rather than abrogation of the contract.

KGL Group maintained that it remains committed to supporting government efforts to generate revenue and develop the economy, while welcoming the opportunity to review the agreement under the government’s directive.

The company added that it is ready to engage constructively in the renegotiation process to ensure a mutually beneficial outcome for both parties and the state.