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
-
Ghana International Bank CEO sacked, new CEO named
18 minutes -
Edem Agbana denies claims Majority MPs were given World Cup supporter slots
21 minutes -
Cheap imports threaten local poultry industry – Stakeholders
21 minutes -
Mining, ICT surge economic growth to 6.4 per cent in Q1 of 2026 – GSS
24 minutes -
Goosie Tanoh rallies diaspora Ghanaians to support 24-Hour Economy
28 minutes -
ActionAid Ghana welcomes the sentencing of 48 year-old man for defiling a minor
31 minutes -
Government to offer tax incentives for factories outside Accra
34 minutes -
Belarus manufacturers to visit Ghana next week – Mahama
36 minutes -
Study reveals strong public support for democratic governance
38 minutes -
Veep urges collaboration to unlock economic potential of culture, creative industry
41 minutes -
MPs demand flood-resilient national planning to address Ghana’s perennial flooding
44 minutes -
Stakeholders call for stronger health investment
47 minutes -
Ghanaian citizen invokes RTI Act to request financial and operational records of GRA and NLA
50 minutes -
Keane and Fernandes clear air after row over ‘lie’
1 hour -
FIFA and global players’ union agree landmark deal
1 hour