'Billionaires can be made out of sports but it depends on how we handle it' – Kofi Adams

Sports Minister Kofi Adams has called for deliberate efforts to expand Ghana’s sports industry, insisting that the sector has the potential to create billionaires if properly managed.

He said sports offers significant opportunities for wealth creation, athlete development and welfare, but stressed that stakeholders must work together to maximise its potential.

“Truly, billionaires will be made out of sports, but it depends on how we handle it,” Adams stated.

Speaking on the proposed sports regulations, the minister urged stakeholders to look beyond limited opportunities and work towards building a bigger sports industry that accommodates everyone.

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He used the analogy of a large dining table to explain the need to expand the sector rather than compete over limited opportunities.

“If the cake is big and the table is long, everybody can sit. But if we reduce the table to a very small table, that's where we fight among ourselves as to who sits around the table,” he said.

Adams maintained that Ghana could no longer afford to delay efforts to develop the sports sector, adding that the time to take action was now.

“We cannot delay this process anymore. The time is now,” he stressed.

He further disclosed that the Attorney-General had already submitted comments on the proposed regulations, with the legal department and the fund expected to review the contributions from stakeholders before progressing to the next stage.

“Billionaires can be made out of sports but it depends on how we handle it” - Sports Minister, Kofi Adams.

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— SportyFM Ghana (@SportyFM_) November 13, 2026