President John Dramani Mahama has appointed Dr David Kofi Mawuvi Wuaku as the Administrator of the newly established Ghana Sports Fund, placing a seasoned banking and financial expert at the helm of a transformative initiative aimed at revolutionising sports funding in the country.
Dr Wuaku brings over 30 years of experience in banking and financial management to the role, which stakeholders view as a critical step toward addressing the chronic funding challenges that have long plagued Ghana’s sports sector.
For decades, the Ministry of Youth and Sports has relied heavily on inconsistent central government allocations and occasional philanthropic support. Even when budgets were approved, capital-intensive projects often stalled due to funding shortfalls.
The Ghana Sports Fund Bill, 2025, seeks to change this by establishing a coordinated, professionally managed financing mechanism to drive sustainable development through sports.
As Administrator, Dr Wuaku will lead the Fund’s secretariat, oversee daily operations, implement Board decisions, and ensure transparency and accountability in the mobilisation and utilisation of resources.
Speaking on his appointment, Dr Wuaku pledged to uphold the highest standards of integrity and efficiency.
“This is not just about managing funds—it’s about restoring hope to our athletes, coaches, and everyone who believes in the transformative power of sports,” he said.
Drawing on his extensive finance background, he emphasised the need for robust systems and clear processes.
“Ghanaians deserve to see how their resources are being used to develop sports. We will establish clear processes, regular reporting mechanisms, and open channels of communication with all stakeholders.”
He expressed optimism that with proper management and strategic investment, Ghana can reclaim its position as a leading sporting nation in Africa.
“We have the talent. We have the passion. What we’ve lacked is the sustainable funding structure. That changes now,” he added.
Dr Wuaku outlined plans to ensure the Fund benefits athletes at all levels—from grassroots programmes to elite competitors.
“From grassroots programmes in our communities to elite athletes competing on the world stage, everyone will have the opportunity to benefit from this Fund. We’re building a system that works for all Ghanaians, not just a privileged few.”
Revenue Sources the Sports Fund will draw from multiple streams, including:
- Parliamentary allocations
- Special sports lotteries
- 10% of sports betting taxes collected by the Gaming Commission
- 5% of gate proceeds from sporting events
- 2% of sponsorship proceeds
- Taxes on commercial sports vendors
Funds not immediately required may be invested in approved financial instruments and ventures in line with the Public Financial Management Act.
Areas of Support The Fund is expected to finance:
- Sports infrastructure for training and competition
- Tournament organisation and international participation
- Grassroots and school sports programmes
- Capacity building for coaches and administrators
- Research and innovation in sports
- Welfare packages for retired, injured, and incapacitated athletes
Governance and Oversight Dr Wuaku will work alongside a 15-member Board appointed by the President, comprising representatives from key ministries and sports institutions, including the National Sports Authority, Ghana Olympic Committee, and retired professional athletes.
The Board will meet quarterly, with administrative expenses capped at 2% of the Fund’s total resources. The Bill mandates the establishment of an Internal Audit Unit, annual reporting, and external audits to ensure accountability.
Looking Ahead The appointment comes amid heightened scrutiny of sports administration in Ghana, particularly concerns over fragmented fundraising and weak accountability.
The Ghana Sports Fund Bill, 2025, has been presented to Parliament for consideration and passage.
“I see this appointment as a call to national service,” Dr Wuaku said. “Sports has the power to unite us, to inspire our youth, and to put Ghana on the global map. I’m honoured to play a role in making that vision a reality.”
