National Investment Bank has become the first financial institution to contribute seed capital to the newly established Ghana Sports Fund, donating GH¢100,000 to support the development of sports across the country.
Dr David Kofi Wuaku, Administrator of the Fund, described sports development as not only competitive but also a form of preventive healthcare, youth empowerment, and wealth creation for Ghana.
He highlighted the collaboration with the National Investment Bank in ensuring safe and effective funding mechanisms.
Mrs. Agyemang Prempeh of National Investment Bank ,NIB Bank highlighted the transformative power of sports in shaping Ghana’s youth and advancing national development.
She said the bank is proud to support the Fund’s mission, describing the donation as a clear demonstration of commitment to structured sports development, youth empowerment, and creating new opportunities for young Ghanaians.
Minister of Sports and Recreation, Kofi Adams, praised the initiative as a vital step in building sustainable financing for Ghanaian sports beyond football.
“This is a genuine national investment in our sporting future,” Minister Adams said, urging stakeholders to develop both traditional and technical skills to maximise the impact of such support.
Established under government policy, the Ghana Sports Fund addresses long-standing financial challenges facing athletes and sports associations. It provides long-term financing for infrastructure, training, grassroots programs, and participation in regional and international competitions.
Board Chairperson of the Fund, Prof Anim Write, noted the positive public reception and emphasised that significant work is happening behind the scenes to ensure fairness, transparency, and sustainability. He added that properly structured talent identification and development systems will deliver lasting benefits to future generations.
The Ministry has also established a governing board and appointed GCB Bank PLC as the Fund’s official collecting bank, ensuring transparency and broad participation from public and private sector partners.
The National Investment Bank’s donation is expected to inspire more corporate and individual contributions, reinforcing the shared vision of elevating Ghanaian athletes and sporting institutions.
Minister Adams reiterated the Ministry’s commitment to using the Fund’s resources effectively, signaling a firm path toward a prosperous, inclusive, and sustainable sporting future.
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Source: www.myjoyonline.com