New era of sports financing: GCB Bank handed key role to drive Ghana Sports Fund
GCB Bank PLC has been appointed the designated collecting bank for the Ghana Sports Fund, a landmark institutional framework set up to provide structured, predictable and accountable financing for sports development in the country.
The Minister of Sports and Recreation, Kofi Iddie Adams, made the revelation at the ministry last Tuesday during a courtesy call by a high-powered delegation from the bank.
Established in December 2025 by Parliament under Act 1159, the Ghana Sports Fund is a strategic financing mechanism mandated to mobilise and manage resources for the development of sports nationwide.
The Fund is designed to support athlete development, grassroots sports, infrastructure, capacity building and high-performance preparation, all aimed at strengthening Ghana’s participation in regional and international competitions.
Expressing confidence in GCB Bank’s capacity to deliver, Mr Adams described the partnership as one anchored in a shared commitment to the growth of Ghanaian sports.
“We welcome this relationship, and we believe that it is built out of love for the growth of sports and the betterment of the two institutions,” the minister said.
Strong assurances
Speaking on behalf of the Managing Director, Farihan Alhassan, the Executive Head of Corporate Banking at GCB Bank, Linus Kumi, reaffirmed his organisation's commitment to the success of the Sports Fund.
Mr Kumi added that GCB Bank would deploy its robust collection systems, digital channels and extensive nationwide branch network to ensure efficient, transparent and accessible contributions to the Fund, while maintaining the highest standards of accountability and service delivery.
