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Football

Companies to get tax rebate – Sports Minister

The Minister of Youth and Sports, Kofi Humado, has said his outfit would ensure that corporate bodies that support sports development in the country receive the necessary tax rebate. According the measure was necessary to encourage corporate bodies and individuals whose efforts help in developing sports across the country. At a media launch by Aspire Football Dream in Accra last Wednesday, Mr Humado said he would ensure the full implementation of a provision in law that guarantees corporate bodies and individuals some tax rebate for their support to sport in the country. He said the full implementation of the law would encourage corporate sponsorship and individual support for sports across the country to sustain the development of new talent to replenish Ghana's stock of sportsmen and sportswomen. Mr Humado said he would also activate the terms of a memorandum of understanding signed between Ghana and the Qatari Olympic movement, Qatar's equivalent of the Sports Ministry, in order that Ghanaians benefits fully from an exchange programme as contained in the MOD. Among other things, the MOD assures Ghana of material and financial support from Qatar towards the development of sports in the country. In return, Ghana would export technical services such as coaches to train technical personnel in the Gulf state. Mr Humado said he would begin meetings with the Ghana Football Association to find how best to reap the benefits of the MOD which was signed two years ago when former sector Minister, Rashid Pelpuo, visited Qatar at the invitation of the Qatari Olympic Movement. GFA president, Kwesi Nyantakyi, said Ghana stood to gain from the MOD, and encouraged the Minister to implement the content of the agreement for full effect.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.