Audio By Carbonatix
The Government of Ghana says it remains committed to addressing the persistent financial challenges facing national teams and other sporting disciplines through the establishment of a National Sports Fund.
The Sports Fund Bill seeks to create a sustainable pool of resources dedicated to infrastructure, capacity building, and athlete welfare across the country.
According to the Minister for Government Communications, Felix Kwakye Ofosu, work is still ongoing to finalise the proposed Sports Fund Bill, which will then be laid before Parliament for consideration.
“Efforts are still underway to ensure that the Bill is finalized and then it comes to Parliament for consideration,” he told Joy Sports.
“We’ve had concerns about the state of Ghana Sports – Football, Athletics, Boxing and what have you – the state of infrastructure, incentive packages for athletes and other sports people.
“My belief is that this Bill will generate significant resources that enable us to invest in sports in a manner that yields the outcomes we want because we cannot expect to perform at the highest level globally when we are not investing what we should.”
A draft of the proposal, shared by Mr. Kwakye Ofosu on October 10, 2025, outlines 14 potential funding sources, including Parliamentary allocations, sports lotteries, sponsorships, grants, and taxes from sports betting companies.
Other inflows will come from gate proceeds, athlete transfer fees (locally and abroad), sponsorship deals, international federation support, and a percentage of revenues from competitions and commercial sports vendors.
Latest Stories
-
Gov’t to scrap mining stability pacts, double royalties
4 hours -
Managers’ authority is being eroded – Southgate
4 hours -
Ethiopia says seized ammunition sent by Eritrea to rebels as tensions rise
4 hours -
Venezuelan Nobel Peace Prize winner presents her medal to Trump
4 hours -
Matthew McConaughey trademarks iconic phrase to stop AI misuse
5 hours -
Players need social skills for World Cup – Tuchel
5 hours -
Song banned from Swedish charts for being AI creation
5 hours -
Barcelona reach Copa del Rey quarter-finals
5 hours -
Labubu toy manufacturer exploited workers, labour group claims
5 hours -
Lawerh Foundation, AyaPrep to introduce Dangme-language maths module
6 hours -
US forces seize a sixth Venezuela-linked oil tanker in Caribbean Sea
6 hours -
Votes being counted in Uganda election as opposition alleges rigging
6 hours -
Ntim Fordjour accuses government of deliberate LGBT push in schools
6 hours -
National security task force storms ‘trotro’ terminals to halt illegal fare hikes
6 hours -
U.S. visa restriction development for Ghana concerning – Samuel Jinapor
6 hours
