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“Wrong is Wrong, But Presumption of Guilt Hurts Investment”: Analyst Calls for Balanced Debate on KGL–NLA Partnership

Dennis Ato Keelson by Dennis Ato Keelson
June 29, 2026
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“Wrong is Wrong, But Presumption of Guilt Hurts Investment”: Analyst Calls for Balanced Debate on KGL–NLA Partnership
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A public commentator has called for a more measured national conversation around the KGL Technology Limited and National Lottery Authority (NLA) partnership, arguing that while illegality must be confronted, Ghana cannot afford a culture where every successful indigenous business is presumed guilty before facts are established.

The statement comes amid sustained public debate following The Fourth Estate’s 2025 investigative series on the KGL–NLA agreement, and the subsequent committee review initiated under President John Mahama’s intervention.

“Illegality Must Be Fought, But So Must Hasty Condemnation”

“Folks, when a Ghanaian businessman is engaging in illegality, we will fight the person. I do not care whether the person is rich, powerful, politically connected, or celebrated. Wrong is wrong,” the commentator stated.

“Nonetheless, we should eschew developing a national culture where every successful indigenous Ghanaian business is presumed guilty and subjected to a sustained campaign of public condemnation before all the facts are known. That approach is dangerous for investment, dangerous for entrepreneurship, and dangerous for Ghana.”

Divergence Between Fourth Estate’s Position and Committee Findings

The commentator said he has followed the KGL–NLA matter closely since _The Fourth Estate_ published what it described as an “explosive investigation” into the partnership in 2025.

Since then, he noted, the public has been inundated with publications, interviews, and interventions from Sulemana Braimah and The Fourth Estate.

“However, after all the noise, one fundamental reality remains: the official review process did not arrive at the same destination advocated by The Fourth Estate_ and Sulemana Braimah. And the facts available do not support the stance of The Fourth Estate,” he said.

From the outset, The Fourth Estate framed the agreement as a “terrible deal” that should be abrogated, creating the impression that the arrangement was irredeemable and that termination was the only remedy.

In contrast, the committee set up after the President’s intervention did not recommend outright cancellation.

“Instead, the committee recommended a stay of the agreement and a renegotiation of the financial terms to ensure greater benefits for the country,” the commentator explained.

“That distinction is extremely important because renegotiation and abrogation are not the same thing. Abrogation means terminating a contract.

Renegotiation means improving a contract. One suggests the arrangement is beyond repair. The other acknowledges that the arrangement has value but requires adjustment.”

He argued that the committee therefore adopted “a far more measured, commercially grounded, and legally sustainable position” than the outright cancellation stance championed by Sulemana Braimah.

Revenue Claims and Contractual Realities

Central to The Fourth Estate’s case was a revenue comparison. The outlet calculated that KGL generated approximately GHS3 billion in gross revenue in 2024 and argued that under an earlier NLA arrangement, the Authority could have received about GHS615 million instead of the reported GHS118.2 million, suggesting a shortfall of about GHS496.8 million.

The commentator questioned the methodology.

“This entire position hangs on a hypothetical assumption that the 2019 arrangement should have remained unchanged forever and that all commercial conditions would have remained constant. But business does not operate that way. Contracts are renegotiated. Risks change. Technology costs change. Market realities change. A comparison between two different contractual structures does not prove wrongdoing.”

He said the more relevant question is whether KGL helped build and expand a digital lottery ecosystem that delivered unprecedented revenues.

“If that is the case, then the debate of whether value was created is a non-starter,” he added.

KGL’s Contribution to NLA Revenue

The statement also highlighted KGL’s fiscal contribution relative to other operators.

“Recent data indicate that KGL paid approximately GHS173.36 million to the NLA in 2025, while 29 other licensed operators paid a combined GHS44.9 million. Even the Ghana Lotto Operators Association reportedly acknowledged KGL’s dominant contribution to NLA revenues,” he said.

“That does not mean KGL should not be criticized. It does not mean every aspect of the arrangement is perfect. I am simply saying that the public deserves a balanced discussion rather than a one-sided narrative advanced by The Fourth Estate.”

Institutions, Not Media Campaigns, Must Decide

The commentator stressed that dissent is legitimate, but it cannot override institutional processes.

“Sulemana Braimah has every right to disagree with the committee’s conclusions. He has every right to advocate for stronger action. What he does not have is a monopoly over truth. The Republic of Ghana is governed by institutions, laws, and contractual processes, not by media campaigns,” he said.

“Must the Republic be tied to the toes of whatever _The Fourth Estate_ says? Certainly not. Public interest cannot be dictated by a single individual.

Contractual relationships cannot be determined by someone’s emotional outburst. Governments must act based on law, evidence, commercial realities, and the national interest.”

He described the current process as “a legal and commercial renegotiation involving relevant stakeholders” aimed at securing better terms for Ghana, and said that is different from the impression that the committee fully endorsed The Fourth Estate’s position.

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