Sports News of Friday, 12 February 2016
The Ministry of Youth and Sports is to enter into a public-private partnership (PPP) for the rehabilitation of the Accra Sports Stadium.
The Deputy Minister of Youth and Sports, Mr Vincent Oppong Asamoah, told Parliament on Wednesday that the estimated cost of the rehabilitation was GH¢12 million.
He said the budget for the ministry’s capital expenditure was a little below GH¢1.5 million, therefore the ministry did not have any choice than to enter into PPP to raise the needed funds for the rehabilitation of the stadium.
Mr Asamoah was answering a question by the Member of Parliament (MP) for Tano North, Mrs Freda Akosua Prempeh, on the steps being taken by the ministry to improve infrastructure at the Accra Sports Stadium.
She said the iron gates and seats of the stadium were broken and the walls faded.
Mr Asamoah said for three years, the ministry had designated the rehabilitation of the Accra Sports Stadium as one of its priority projects but it had not had any funds allocated for that project.
Mr Asamoah also said the ministry submitted a proposal on the PPP to the Public Investment Division of the Ministry of Finance, which had been approved.
Consequently, he said, the ministry had signed a memorandum of understanding (MoU) with a private company but it had not made any financial commitment.