Phone seller goes bankrupt after losing GH¢362K to sports betting
A Ghanaian entrepreneur lost his entire phone accessories business capital, approximately GH¢350,000, to the Aviator sports betting platform after being persuaded by a friend. Tempted by quick profits, he diverted his business funds and even took out a loan, which he also lost. The addiction led to closing his shop and accumulating significant debt. His experience highlights the dangers of unregulated online betting and gambling addiction. Experts advise using only disposable income, setting limits, avoiding chasing losses, and viewing gambling as entertainment, not investment. Help is available for those struggling with addiction.
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Verified on Nov 02, 2025