Audio By Carbonatix
Minister for Sports and Recreation, Kofi Adams, says steps are being taken to enhance revenue generation for the Ministry and the National Sports Authority (NSA) through better management of sports assets and strategic programming.
Appearing before the Public Accounts Committee on Tuesday (4 November), the Minister said the Fixed Asset Coordinating Unit of the NSA has been tasked to conduct a full assessment of the Authority’s assets and determine their true value to help maximise returns.
“The Fixed Asset Coordinating Unit of the National Sports Authority has been deployed to effectively assess these assets, consider their true value.
"We don't necessarily have to wait for people to come and rent [before we get revenue]. As NSA, we can drive activity and programs towards our facility to drive revenue generation,” he stated.
He added that the Ministry is exploring new avenues to make sports facilities more active and financially sustainable.
“So we are looking at many options to be able to drive revenue and ramp it up a bit so we do what is expected of us,” Kofi Adams said.
The Minister emphasised that the initiative is part of broader efforts to ensure sports facilities are not only well maintained but also become viable revenue-generating assets for the state.
Latest Stories
-
Christmas rush sparks tampede at Accra Central Market; several collapse
20 minutes -
Stonebwoy reveals how insurance money paid his school fees and inspired his giving back journey
26 minutes -
How Xoom is keeping Ghanaian families connected
48 minutes -
US pauses offshore wind projects over security concerns
53 minutes -
Gunmen abduct 28 Muslim travellers in central Nigeria
54 minutes -
Treasury market to record another oversubscription; government to borrow GH¢3.31bn this week
56 minutes -
Christmas offers moment for reflection, stewardship and hope — AME Zion Presiding Bishop
1 hour -
Old Tafo begins 2-kilometre road project, bringing relief to traders and residents
1 hour -
Bubune Africa donates care packs to patients at Tema General Hospital
1 hour -
Ghana’s building construction inflation drops to 5.9% in November 2025
1 hour -
KATH launches 70th anniversary with call to reposition for the future
1 hour -
Cedi to rebound against dollar over next 2 weeks; one dollar equals GH¢12.40 at forex bureaus
2 hours -
Report on Ghana’s new national airline to be presented to President Mahama today
2 hours -
Martin Kpebu rejects CRC proposal to extend presidential term
2 hours -
Christmas Special Operations: 56 suspected criminals arrested across Western North Region
2 hours
