Minister of Sports and Recreation, Kofi Adams, has announced that companies investing in sports sponsorship will receive tax incentives once the long-awaited Sports Fund Bill is passed into law.
Speaking about the government’s new approach to sustainable sports financing, the Minister said the Sports Development Fund will introduce a structured and transparent system to track funding and corporate contributions across all sporting disciplines.
“We’ve not really had a formalised and structured funding of sports,” Adams said.
“Government’s plan now is to have a sports development fund. The bill will soon be laid in Parliament, and once we have that fund, there will be tracking of funding and support from corporates. Those who fund will also benefit from some tax incentives.”
He added that the policy seeks to motivate private sector involvement in sports by ensuring sponsors are duly recognised and rewarded for their contributions.
The initiative forms part of broader government efforts to create a sustainable sports ecosystem in Ghana and reduce overreliance on public funding.
The Sports Fund Bill, once approved, will serve as a key pillar in financing sports development and athlete welfare nationwide.
