Kojo Addae Mensah, the CEO of Databank reckons that football contributes around five to seven percent to the Ghanaian economy.
He stated that he is not entirely certain of the exact figure but added that the information can be found if the GFA starts documenting them.
“I think it hovers around five to seven percent,” Addae-Mensah told Joy Sports.
“Inasmuch as I cannot be certain with the figure, I think this is the best time for the GFA to start documenting. The data is available, but it is haphazard – it is not in an organised manner so it is time for us to sit down and calculate.”
He goes on: “Anecdotally, we can figure out how much it is contributing to the economy through average taxes from salaries, attendances and extrapolate. And then [we can] see what at the end of one season, the contribution it would make. Until this is done, it would be difficult to place a figure on the contribution”.
“Let’s not forget our economy is in billions, so five to seven percent is quite a significant amount.”