The Minister of Sports and Recreation, Kofi Adams, has suggested that revenue generated from the betting tax should be directed into a dedicated sports fund to boost the country’s sporting sector.
According to Mr. Adams, channeling a percentage of the tax into the fund is essential for the sustainable growth of sports in the country.
The Buem constituency MP also disclosed plans to introduce a sports lottery as an additional revenue stream for the sector.
“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 told Asempa FM’s Ultimate Sports Show.
Mr. Adams further highlighted the need for a structured sports fund, drawing comparisons to past government initiatives such as the GETFund for education and the Health Fund established during President Rawlings’ administration.
“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,” he explained.
Meanwhile, several stakeholders continue to push for increased financial backing to improve infrastructure, athlete development, and overall sports management.
However, this proposal contrasts with the Mahama-led government’s stance, as Finance Minister Dr. Cassiel Ato Forson has indicated that the betting tax will be scrapped in the upcoming budget presentation to Parliament.