GCB eyes role as official bank for Ghana Sports Fund
28th January 2026
Ghana Commercial Bank (GCB) has declared its intention to become the official banking partner of the newly established Ghana Sports Fund, in a move officials say could strengthen financing, transparency and long-term development across the country’s sporting landscape.
The proposal was tabled at a high-level meeting between GCB and the Ministry of Sports and Recreation on 27 January 2026, held at the ministry’s conference room in Accra.
Speaking during the discussions, GCB’s Head of Corporate Banking, Linus Kumi, said the bank sees sport as a powerful tool for national unity and development, and believes it can play a central role in managing and safeguarding funds meant to support athletes and sports programmes.
“We believe that sports can unify our nation and inspire greatness,” Mr Kumi said. “Partnering with the Sports Fund as the official bank will enable us to channel resources effectively and ensure proper management of funds.”
He added that GCB would prioritise transparency, pledging to provide clear and detailed accounts on how monies from the fund are utilised. The bank also outlined plans to invest in grassroots talent, sports infrastructure and youth development initiatives.
The idea has been warmly received by the Minister of Sports and Recreation, Kofi Adams, who described the potential partnership as timely and necessary.
“Securing a reliable financial partner is critical if we are to properly support our athletes, coaches and sporting projects,” Mr Adams said. “This partnership, if it materialises, will not only provide financial stability but also demonstrate corporate Ghana’s commitment to nurturing our sporting heroes.”
Discussions at the meeting focused on a draft memorandum of understanding, which would formally define GCB’s role. Under the proposal, the bank would manage the Sports Fund’s accounts, design tailored financial products for athletes and sports bodies, and oversee transparent disbursement systems.
Mr Adams described the talks as the beginning of a broader vision to align financial discipline with sporting ambition.
“This is the beginning of a new chapter, where finance and passion unite to elevate Ghanaian sports to new heights,” he said.
While no agreement has yet been finalised, officials say continued engagement between the ministry and GCB could soon lead to a partnership that reshapes how sports development is funded in Ghana.
If successful, the collaboration is expected to provide a stronger financial backbone for the Sports Fund, offering hope to athletes and administrators alike as Ghana looks to build a more sustainable and competitive sporting future.