Audio By Carbonatix
Sports Minister Kofi Adams has dismissed claims that the government plans to introduce a new tax to finance its proposed Sports Fund.
Speaking on JoyNews’ PM Express on October 8, Mr Adams clarified that the government’s proposal only seeks to allocate a percentage of existing levies to support sports development, not to create an entirely new tax.
“We are not introducing a tax,” the Buem MP said. “But since those already exist, we are putting some levies on them and taking a percentage of them. That’s all that we are going to do.”
The Minister explained that the bill establishing the Sports Fund has already been submitted to Cabinet for approval and will be forwarded to Parliament without any new tax provisions.
“The bill that we have sent to Cabinet for approval, that is to be sent to Parliament, does not have any such provision of a new tax,” he emphasised.
“If Parliament, in their wisdom, decides that they want to impose a tax to generate this fund, that will be Parliament’s decision, not what we are proposing now.”
When asked whether the Finance Minister might introduce a new tax for sports in the 2026 budget, Mr Adams said that would depend entirely on the Finance Ministry and Parliament.
“Well, I don’t know what the Finance Minister is going to do as far as taxation issues are concerned,” he stated. “Surely, he will take it to Parliament. If Parliament approves, fine.”
The Minister also revealed that while initial revenue from the Sports Fund may not be large, it is expected to grow over time as data collection and compliance improve.
“I know initially it will not be much,” he said. “But as it drives on and we begin to capture a lot of data, it will go into millions.”
Mr Adams also responded to questions about the recently scrapped betting tax, which was widely criticised as a “nuisance tax.”
He said that although it could have been a potential source of funding, its implementation made it unpopular and ineffective.
“When something is good and is done badly, it becomes difficult to immediately change it and say that, because you are having these good intentions, let’s just drift it that way,” he said. “It doesn’t work that way.”
He noted that if the betting tax had been used strictly to support sports development, it could have made a meaningful impact.
“It would have been if, when they did that, it was being used for sports and not collecting it and using it for many other things that were unnecessary,” he argued.
Outlining the purpose of the Sports Fund, Mr Adams said it would be used to support infrastructure, athlete development, and key sporting disciplines such as football, athletics, boxing, volleyball, and hockey.
“The Sports Fund will support sports infrastructure,” he said. “It will support the growth of especially key sports areas. Football is one of them, and athletics. I love athletics so much, sitting here, but we have not funded it enough.”
He lamented the poor state of facilities in many schools, saying the lack of proper tracks and training infrastructure has limited Ghana’s ability to produce world-class athletes.
“We have not funded it enough. How many tracks do we have? Many schools are still running on undulating pitches where you have to look where to step because there are so many holes in the tracks. There’s no way you can produce Olympic green athletes if you have such pitches.”
According to him, the Sports Fund will be managed by professional fund managers and not by political appointees.
Beneficiaries will have to apply, justify their requests, and account for previous support before receiving additional funds.
“It’s not going to be free money that you just come and take without accounting for any improvement,” he said.
“If you are supported, you have to prove that you have done something meaningful with the previous support before you qualify for another.”
Mr Adams concluded by stressing that Ghana could replicate the success stories of other nations that have used sports funds to nurture world champions.
“Look, the Anthony Joshuas and the rest that came here—it was out of the British Sports Fund that they created, that has supported athletes and created big-time boxers and world champions for them,” he said. “We can also do that again.”
Latest Stories
-
Milo U13 Championship reaches quarter-final with thrilling match-ups
20 seconds -
From glut to growth – John Dumelo says value addition is the way forward
56 minutes -
Feed Ghana, feed industry – Deputy Agric Minister Dumelo outlines new direction
1 hour -
Agric glut was political, not strategic – Chamber of Agribusiness Ghana boss warns of lost livelihoods
2 hours -
Food glut situation is no victory – Chamber for Agricbusiness Ghana CEO warns
2 hours -
Was Prince Harry referencing Trump in joke for Late Show sketch?
3 hours -
Arrest over fire petition stirs public debate in Hong Kong
3 hours -
Man who killed ex-Japan PM Shinzo Abe apologises to his family
3 hours -
Police recover $19k Fabergé egg swallowed by NZ man
3 hours -
Ireland among countries boycotting Eurovision after Israel allowed to compete
3 hours -
Grand jury declines to charge Letitia James after first case dismissed
3 hours -
Tanzanian activist blocked from Instagram after mobilising election protests
4 hours -
‘Not becoming of a president’: Somali-Americans respond to Trump’s ‘garbage’ remarks
4 hours -
More than 300 flights cancelled as Indian airline IndiGo faces ‘staff shortage’
4 hours -
Top UK scientist says research visa restrictions endanger economy
4 hours
