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Sports Ministry to propose tax exemption for sports sponsors

"I want to assure that corporate bodies and individuals who support sports should do well to inform the Ministry and we will do well to give our recommendation to the Ghana Revenue Authority" - Nii Lantey Vanderpuye

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The Youth and Sports Ministry has faced difficulties securing sponsorship to fund sporting disciplines in the country which has resulted in zig zag arrangement of sporting activities, and the West Africa country inability to compete, or win laurels at international competitions.

However, the little sponsorship available, according to the Sports Minister is not properly managed to encourage other entities to come on board to contribute their quota.

And in his bid to encourage institutions who are ready to commit their Corporate Social Responsibility (CSR) into sports, the Member of Parliament for Odododiodio Constituency, says the support from corporate bodies to sports will be used to cover the taxes paid to the Ghana Revenue Authority.

"We are asking that people should commit support for sports and they need to be assured that when they comit their resources, the little they make available is well catered for," the former Ghana Broadcast journalist said.

"I want to assure that corporate bodies and individuals who support sports should do well to inform the Ministry and we will do well to give our recommendation to the Ghana Revenue Authority to make sure that what you have committed for sports is granted as the tax for the year," Nii Lantey stated.

He added that he will be at the forefront to monitor the 'effectiveness' of the support from the corporate bodies and individuals.

"I will also monitor the effectiveness of the support of the programme that to be done with the support that we have gotten to make sure that we make god use this of it.

"This will serve as a sort of encouragement to those who will also want to commit their CSR [Corporate Social Responsibility) into sports development in the country," he noted.

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