Member of Parliament for Okaikwei Central, Patrick Yaw Boamah, has urged corporate institutions in Ghana to play a stronger role in the growth and development of sports across the country.
Speaking on Sporty FM, Boamah questioned the commitment of key sectors such as banking, insurance, and mining to sports, despite their consistent profitability.
"I think as a serious country, we have the banks who are declaring all sorts of profits every year. Insurance companies, mining companies, what is their contribution to sports?” he asked.
"According to the World Bank, sports contribute between 1 to 2 percent of global GDP, that’s about $700 billion. What are we doing to tap into that?" he added.
The MP proposed a structured partnership between government and the private sector to support specific sporting disciplines through incentives and sponsorship packages.
"Corporate bodies together with government must be able to put together a structure and say that, look, for hockey, all the savings and loans companies, we’ll give you this incentive to support hockey. For athletics, the insurance companies should come on board,” he explained.
Boamah further cited Kenya as a positive example, pointing to the strong relationship between corporate entities and government in supporting athletes such as Faith Kipyegon after international success.
"That requires very strong governmental support — one that is genuinely interested in promoting sports," he said.
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