The Ghana Olympic Committee (GOC) has expressed its strong approval following the passage of the new Sports Fund Bill, a landmark piece of legislation set to transform the landscape of sports financing in the country.
In a statement, the GOC described the bill’s passage as a welcome development that promises to solve the long-standing issue of inadequate funding. For years, a lack of financial resources has been a major barrier to progress, but the new Fund is expected to provide the stable support needed for sustainable success.
Richard Akpokavie Esq., President of the GOC, highlighted the importance of the new law by drawing a comparison to a familiar national policy. He noted that just as the Value Added Tax (VAT) has become a reliable source of funding for major national projects and interventions, the Sports Fund will play a similar role for Sports. It will provide a dedicated stream of income to fuel the growth and development of sports across the nation.
The Fund is designed to tackle the chronic underfunding that has held back Ghanaian sports for decades. With this new financial backing, the country will be better positioned to invest in critical areas such as upgrading sports infrastructure, improving the welfare of athletes, and expanding grassroots programs that identify and nurture young talent.
According to the GOC, the various national sports federations stand to be the biggest beneficiaries of this initiative. The consistent funding will empower these bodies to implement long-term plans, properly prepare national teams, and ultimately help Ghana achieve its sporting goals. The Committee is optimistic that this will lead to an improvement in the nation’s performance on the international stage.