Phone seller goes bankrupt after losing GH¢362K to sports betting

General Oct 31, 2025 0 11 Add to Reading List

A Ghanaian entrepreneur who once ran a thriving phone accessories business has recounted how his life took a devastating turn after losing his entire business capital to a sports betting platform known as Aviator.

Speaking on Sompa FM with Oheneni Adazoa, the young man who chose to remain anonymous revealed that he was persuaded by a close friend to try his luck on the Aviator platform, believing it would multiply his earnings.

Tempted by the promise of quick profits, he diverted about GH¢350,000, his entire business capital, into the betting scheme. Unfortunately, he lost it all within a short time.

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He lamented,

I had money and a shop selling iPhones and accessories. A friend introduced me to Aviator and convinced me to try it. Since I started, I’ve spent all the money I used to run my business, almost GH¢350,000, and lost everything. I even took a loan of about GH¢12,000, hoping to recover, but I lost that too

The businessman admitted that what began as a harmless game soon became an addiction. He said the occasional small wins kept him hooked until he was completely broke.

He added,

Sometimes you win, but you get addicted over time. Now, I’ve locked my shop and owe about GH¢70,000. I’ve stopped betting, and I’m praying to recover

His story serves as a cautionary tale for Ghanaians,, especially young entrepreneurs, about the dangers of unregulated online betting platforms and gambling addiction.