• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, November 7, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Govt Not Introducing New Tax for Sports Fund – Sports Minister Clarifies

Evans Junior Owuby Evans Junior Owu
October 9, 2025
Reading Time: 5 mins read
Minister for Sports and Recreation, Hon. Kofi Idi Adams

Minister for Sports and Recreation, Hon. Kofi Idi Adams

The Minister for Sports and Recreation, Hon. Kofi Idi Adams, has firmly dismissed claims that the government intends to introduce a new tax to finance the establishment of the proposed National Sports Fund. 

He emphasized that the government’s plan is to utilize existing revenue streams rather than impose additional tax burdens on citizens.

Speaking in Accra, the Minister explained that the bill establishing the Sports Fund has already been submitted to Cabinet for approval and would soon be forwarded to Parliament, stressing that the proposed bill contains no provision for a new tax

RelatedPosts

Self-Centeredness Over Common Good Compounding Ghana’s Problems – CDD-Ghana Fellow Laments

Mahama Extends Ghana’s Solidarity with Donations to Jamaica, Cuba, and Sudan

Govt Rollout Student Loan Plus, Raises Loan by 50% and Cuts Interest Rate to 6%

“The bill that we have sent to Cabinet for approval, which is to be sent to Parliament, does not have any such provision of a new tax. If Parliament, in their wisdom, decides that they want to impose a tax to generate this fund, that will be Parliament’s decision, not what we are proposing now”.

Minister for Sports and Recreation, Hon. Kofi Idi Adams

According to him, the decision to introduce a sports tax in the 2026 Budget would rest solely with the Ministry of Finance and Parliament.  “Well, I don’t know what the Finance Minister is going to do as far as taxation issues are concerned. Surely, he will take it to Parliament. If Parliament approves, fine,” he stressed.

Kofi Adams 3
Minister for Sports and Recreation, Hon. Kofi Idi Adams

He, however, acknowledged that the initial revenue generated for the Sports Fund might not be significant but expressed optimism that it would grow over time.

Scrapping of Controversial Betting Tax

Touching on the government’s decision to scrap the controversial betting tax—widely criticized by the public as a “nuisance tax”—the Minister admitted that while the intention behind the policy might have been good, its implementation was flawed. 

ADVERTISEMENT

“When something is good and is done badly, it becomes difficult to immediately change it and say that, because you are having these good intentions, let’s just drift it that way.

“It doesn’t work that way. It would have been if, when they did that, it was being used for sports and not collecting it and using it for many other things that were unnecessary”.

Minister for Sports and Recreation, Hon. Kofi Idi Adams

Hon. Adams reiterated that the Sports Fund, a flagship initiative of the current administration led by President John Dramani Mahama, was a key manifesto promise aimed at reviving Ghana’s sports sector, which has suffered years of neglect.

Kofi Adams 2
Minister for Sports and Recreation, Hon. Kofi Idi Adams

He said the Fund will focus on supporting the development of sports infrastructure, training, and talent identification across all sporting disciplines in the country when fully established.

“The Sports Fund will support sports infrastructure. It will support the growth of especially key sports areas. Football is one of them, and athletics. I love athletics so much, sitting here, but we have not funded it enough.

“How many tracks do we have? Many schools are still running on undulating pitches where you have to look where to step because there are so many holes in the tracks. There’s no way you can produce Olympic-green athletes if you have such pitches.”

Minister for Sports and Recreation, Hon. Kofi Idi Adams

Commitment to Prudent Use of Fund

The Minister assured that the management of the Fund will be transparent and insulated from political influence. According to him, professional fund managers—not political appointees—will oversee its operations, ensuring accountability and value for money. 

Beneficiaries, he said, will be required to apply formally, justify their needs, and provide clear evidence of progress before qualifying for subsequent support.

“It’s not going to be free money that you just come and take without accounting for any improvement. If you are supported, you have to prove that you have done something meaningful with the previous support before you qualify for another”.

Minister for Sports and Recreation, Hon. Kofi Idi Adams

He cited the United Kingdom’s model as a successful example of a sports funding system that has produced global champions. “Look, the Anthony Joshuas and the rest that came here—it was out of the British Sports Fund that they created, which has supported athletes and created big-time boxers and world champions for them. We can also do that again,” he noted.

Kofi Adams 1
Minister for Sports and Recreation, Hon. Kofi Idi Adams

The Minister indicated that the proposed Sports Fund will draw revenue from specific existing sources such as gate fees from sports and tourism events, levies on proceeds from betting companies, and contributions from gaming tickets. 

These measures, he emphasized, will ensure that Ghana’s sports sector has a reliable and sustainable funding mechanism without placing new financial burdens on the public.

Hon. Adams reaffirmed the government’s commitment to revitalizing Ghana’s sports ecosystem by investing in talent development, infrastructure, and fair funding mechanisms that ensure accountability. 

READ ALSO: Ghana Seals 4th Debt Agreement with Spain – Ato Forson Targets Completion by Year-End

Tags: accountabilityAthletic DevelopmentBetting TaxGhana Ministry of Sports and RecreationJohn Dramani MahamaKofi Idi AdamsNew TaxParliamentSports FinancingSports FundSports Infrastructure
Share2Tweet1ShareSendSend
Please login to join discussion
Previous Post

Ghana’s Oil Production Drops by 26% in First Half of 2025 

Next Post

Government Statistician Cautions Against Complacency After Inflation Drops

Related Posts

Self-Centeredness Over Common Good Compounding Ghana’s Problems – CDD-Ghana Fellow Laments
General News

Self-Centeredness Over Common Good Compounding Ghana’s Problems – CDD-Ghana Fellow Laments

November 7, 2025
President John Dramani Mahama leads Ghana Donation to Cuba, Sudan and Jamaica
General News

Mahama Extends Ghana’s Solidarity with Donations to Jamaica, Cuba, and Sudan

November 7, 2025
Ghanaian Tertiary Student
General News

Govt Rollout Student Loan Plus, Raises Loan by 50% and Cuts Interest Rate to 6%

November 7, 2025
Security Consultant Richard Kumadoe
General News

Expert Calls for Strategic Holiday Review to Strengthen Ghana’s Anti-Illegal Mining Fight

November 7, 2025
President John Dramani Mahama
General News

Mahama Announces Financial Commitment as Feasibility Study for New Green-Smart City Nears Completion

November 6, 2025
former First Lady Nana Konadu Agyeman-Rawlings
General News

Ghana to Hold State Funeral for Fmr First Lady Nana Konadu Agyeman-Rawlings on Nov. 28

November 6, 2025
Fitch Predicts Cedi Performance by 2026-End to GH¢ 11.7 to the Dollar
Economy

Fitch Predicts Cedi Performance by 2026-End to GH¢ 11.7 to the Dollar

by Michael Teye-Bio NaduteyNovember 7, 2025
Goldbod Jewellery Board
Extractives/Energy

Goldbod Jewellery Board Inaugurated to Spearhead Value Addition 

by Prince AgyapongNovember 7, 2025
NAIMOS Attack: Lands Minister Engages Stakeholders, Demands Swift Action.
Extractives/Energy

Large-Scale Mining Companies Seal off Concessions to Support rCOMSDEP – Lands Ministry

by Bless Banir YarayeNovember 7, 2025
Denmark Announces Political Agreement To Ban Social Media Access For Children Under 15
Europe

Denmark Announces Political Agreement To Ban Social Media Access For Children Under 15

by Comfort AmpomaaNovember 7, 2025
ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste
Extractives/Energy

Politics Derailed Ghana’s Energy Reforms – ACEP Boss on ECG-PDS Arbitration Ruling 

by Prince AgyapongNovember 7, 2025
Self-Centeredness Over Common Good Compounding Ghana’s Problems – CDD-Ghana Fellow Laments
General News

Self-Centeredness Over Common Good Compounding Ghana’s Problems – CDD-Ghana Fellow Laments

by Emmanuel Tibila BoasahNovember 7, 2025
Fitch Predicts Cedi Performance by 2026-End to GH¢ 11.7 to the Dollar
Goldbod Jewellery Board
NAIMOS Attack: Lands Minister Engages Stakeholders, Demands Swift Action.
Denmark Announces Political Agreement To Ban Social Media Access For Children Under 15
ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste
Self-Centeredness Over Common Good Compounding Ghana’s Problems – CDD-Ghana Fellow Laments

Recent News

Fitch Predicts Cedi Performance by 2026-End to GH¢ 11.7 to the Dollar

Fitch Predicts Cedi Performance by 2026-End to GH¢ 11.7 to the Dollar

November 7, 2025
Goldbod Jewellery Board

Goldbod Jewellery Board Inaugurated to Spearhead Value Addition 

November 7, 2025
NAIMOS Attack: Lands Minister Engages Stakeholders, Demands Swift Action.

Large-Scale Mining Companies Seal off Concessions to Support rCOMSDEP – Lands Ministry

November 7, 2025
Denmark Announces Political Agreement To Ban Social Media Access For Children Under 15

Denmark Announces Political Agreement To Ban Social Media Access For Children Under 15

November 7, 2025
ACEP Calls on Media to Step Up Accountability as Ghana Risks Losing Billions to Waste

Politics Derailed Ghana’s Energy Reforms – ACEP Boss on ECG-PDS Arbitration Ruling 

November 7, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address