Minister of Sports and Recreation, Kofi Adams, has reiterated the government’s commitment to establishing a sports fund by raising revenue from taxes.
He explained that his administration will oversee the introduction of a sports lottery, which will be one of the avenues for the government to raise income to support the project.
The Member of Parliament for Buem constituency also disclosed that a percentage of the proceeds from the betting tax will be another source of revenue to aid the sports fund initiative.
Speaking in an interview with Asempa FM, Adams emphasized that just as there are special funds for education and health sectors, it is time for sports to have one for developmental projects.
“We established GETFund for education and the Health Fund to support health issues during President Rawlings’ era. We must recognize the importance of sports. Investing in sports can reduce diseases by promoting physical exercises and other activities.
“I believe the time has come for this to be done. A percentage of the bet stake tax should be allocated to the sports fund. We will introduce a sports lottery,” he said in Twi.
Meanwhile, Minister of Finance, Dr. Cassiel Ato Forson, has assured that removing the betting tax would be one of his first acts in office.
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