Authorities has launched GH¢5 million of the GH¢20 million allotted to the Movie Growth Fund, fulfilling a part of its promise to fund Ghana’s movie business.
The quantity was paid into the account of the Nationwide Movie Authority (NFA), the director basic of the company mentioned.
Asserting the 2026 Funds Assertion on 13 November 2025, Finance Minister Cassiel Ato Forson introduced the allocation of GH¢20 million to the Movie Growth Fund as seed cash to assist the revival of the home movie business, together with Kumawood and different business our bodies.
Talking to Myjoyonline.com after the launch of the Movie Growth Fund on Wednesday, Could 20, 2026, the Director Basic of the Nationwide Movie Board confirmed that GH¢5 million of the budgeted quantity of GH¢20 million has been disbursed.
“The federal government has to this point launched 5 million cedis as a part of the 20 million cedis seed fund dedication,” she instructed Myjoyonline.com’s Kwame Daji.
The Movie Growth Fund goals to assist the revival of Ghana’s movie business by way of analysis, coaching, infrastructure improvement and monetary assist for focused tasks.
10 vital issues to know in regards to the Movie Growth Fund
1. It isn’t a “Wonkeni” fund.
Beneficiaries are anticipated to repay the funds acquired for the venture. It is not free cash.
2. Not all filmmakers profit from it.
Moreover, not all forms of movie tasks are eligible for assist.
3. The Fund has particular powers beneath the Cinematograph Act.
In keeping with the legislation, the fund is meant to supply monetary assist for the event and manufacturing of brief and medium-length movies, along with its core function movies. Public training on angle change and cultural values. Tv packages reminiscent of dramas, animated collection, sitcoms, soaps, and comedies that purpose to encourage optimistic attitudes and behavioral modifications among the many individuals. Growth of cinemas in regional and district capitals. Promotion of function movies by way of public relations supplies and radio and tv promoting.
4. Assist analysis and coaching.
The fund additionally goals to assist analysis and coaching of business professionals in private and non-private coaching establishments.
5. A portion of the fund will probably be used for operations.
A portion of the funds will probably be used for administration and operations.
6. Solely certified business personnel might apply.
To be eligible, candidates have to be a movie show developer, filmmaker, producer, distributor, marketer, or tv skilled, or personal a tv or movie manufacturing firm.
7. Candidates should belong to a acknowledged business affiliation.
Candidates should belong to an identifiable skilled group inside the business, such because the Actors Guild, Movie Producers Affiliation of Ghana (FIPAG), Ghana Academy of Movie and Tv Arts (GAFTA), Movie Administrators Guild of Ghana (FDGG), or the Movie Distributors Affiliation.
8. Tax compliance is a should.
Most significantly, the applicant have to be registered beneath the Ghana Income Authority Act 2009 (Act 791). This implies you have to have a Taxpayer Identification Quantity (TIN) and be tax compliant. Candidates should additionally acquire a license from the Nationwide Movie Authority (NFA).
9. Monetary assist is capped.
The Board shall approve as much as 60% of the overall finances submitted for help.
10. Business stakeholders will contribute to the upkeep of the fund.
Movie producers, corporations and corporations regulated by the Nationwide Movie Board are anticipated to pay a levy to assist develop the fund. This is among the mechanisms for amassing funds for the fund mandated by Act 935. Due to this fact, the Movie Growth Fund comes with obligations.
