General News
Razak Kojo Opoku Questions NLA’s GHS 3 Billion KGL Deal Valuation
Razak Kojo Opoku has questioned the figures previously associated with the National Lottery Authority’s (NLA) agreement with KGL Technology Limited, following a report that Ghana could generate GHS 2 billion from all private lotto operators, including KGL.
In a Facebook post on Thursday, October 29, 2026, Opoku compared the reported revenue potential of private lotto operations with claims made in September 2025 that the NLA had handed over a prime business valued at GHS 3 billion to KGL in exchange for GHS 170 million.
He challenged the consistency of the two figures, arguing that the latest report raised questions about the basis for the earlier GHS 3 billion valuation.
According to Opoku, the September 2025 report alleged that the NLA had given away a prime business worth GHS 3 billion to KGL for what he described as the comparatively small amount of GHS 170 million.
However, he said the report published on October 29, 2026, indicated that the country stood to generate GHS 2 billion from all private lotto operators combined, including KGL.
The comparison formed the basis of his criticism of the earlier valuation and the questions he raised about how the GHS 3 billion figure was calculated.
“If NLA is now dreaming of making 2 billion, where was the 3 billion figure coming from?” Opoku asked in his post.
He argued that the difference between the two figures required an explanation, particularly because the GHS 2 billion amount reportedly covered all private lotto operators rather than KGL alone.
Opoku also questioned why the earlier report had presented the arrangement as the transfer of a business worth GHS 3 billion for GHS 170 million if the latest report suggested that the combined private lotto sector could generate GHS 2 billion.
In his criticism, he described the earlier report as misleading and used the phrase “FALSE ESTATE” to refer to the publication he was challenging.
He wrote: “From ‘NLA giving away GHS 3 billion prime business to KGL’ to now ‘NLA could benefit GHS 2 billion from all Private Lotto Operators including KGL’, indeed FALSE ESTATE ampa. Hahaha.”
Through the post, Opoku sought to draw attention to what he considered a contradiction between the earlier GHS 3 billion valuation and the more recent GHS 2 billion revenue projection.
His central question was whether the two amounts referred to different financial measures and, if so, what informed the original valuation of the business associated with the NLA-KGL arrangement.
The figures cited in the post, however, represent claims attributed to the reports Opoku referenced. His comparison alone does not establish whether the amounts were calculated on the same basis or covered the same period.
An explanation of how the GHS 3 billion valuation was reached, what the GHS 170 million represented, and how the projected GHS 2 billion in revenue was calculated would be necessary to determine whether the figures are directly comparable.