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Sports News of Friday, 31 January 2025

    

Source: www.ghanawebbers.com

Kofi Adams advocates pension scheme for athletes to secure post-career livelihood

Kofi Adams Kofi Adams

Kofi Adams, Ghana's Minister for Sports and Recreation Designate, has proposed introducing a pension scheme for active athletes to ensure financial security after retirement.

During his vetting, Adams recognized the financial struggles many athletes face once their careers end due to the short-lived nature of professional sports.

He suggested encouraging athletes to contribute to a pension plan that would help them prepare for life beyond their sporting careers. If implemented, the scheme would offer long-term financial benefits, motivating Ghanaian athletes to save and invest while still competing, ensuring they can retire without financial distress.