Film producer and Chief Executive Officer of Kofas Media, Kofi Asamoah, has described government’s newly launched film fund as a major boost to Ghana’s creative industry, saying it signals a long-awaited shift in how the sector is being positioned within the national economy.
Speaking on Starr 103.5FM’s Starr Showbiz with Feeling Daddy on Saturday, May 23, 2026, Asamoah said the introduction of a GHS 20 million film fund marks an important step toward recognising the film industry as a serious economic sector rather than just a form of entertainment.
According to him, funding has remained one of the biggest structural challenges facing filmmakers in Ghana, largely because the industry operates without a formal studio system, forcing producers to rely on personal financing and limited private investment.
“Funding has always been one of the biggest challenges for filmmakers in Ghana… we do not have a studio system here, and so films are always made directly out of pocket of producers,” he said.
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He explained that this long-standing funding gap has contributed to the loss of many compelling stories that never get produced due to lack of access to capital.
Against this backdrop, Asamoah welcomed the establishment of the film fund under the National Film Authority, describing it as a significant improvement in government’s commitment to the creative sector.
“To know that the government is showing commitment and interest in the industry through the National Film Authority and the recent launch of the 20 million cedi fund, I think it is a major step,” he said.
He added that the initiative reflects a growing recognition of the creative industry’s potential as an economic driver, rather than being treated solely as an entertainment field.
“It is a major step towards treating the industry as a serious economic sector, not just entertainment,” he noted.
Asamoah further stated that while successive governments have made efforts to support the sector over the years, access to sustainable financing has remained a critical gap that continues to hinder growth.
He expressed optimism that the new film fund could help address this challenge if properly implemented, describing it as a positive development worth commending within the industry.
The National Film Authority officially launched the National Film Development Fund on Wednesday, May 20, at Silverbird Cinema in Accra, in a move aimed at transforming Ghana’s film and audiovisual industry into a sustainable and globally competitive sector.
The event also saw the inauguration of the Film Development Fund Management Committee and the Film Classification Committee, both expected to strengthen oversight and regulation within the industry.
Source: Starrfm.com.gh
