Ghana lost $36m in stadium depreciation

Ghana lost $36m in stadium depreciation

Ghana lost about $36m in stadium depreciation in 2019, according to a Ministry of Youth and Sports feasibility reports submitted to the Ministry of Finance and sighted by Getsportsgh.com.

The document was a feasibility reports on the assessment of the Baba Yara Sports Stadium in Kumasi and Sekondi Sports Stadium situated at Essipong in the Western Region.

Per the reports, the Baba Yara Sports Stadium which was remodeled for the Africa Cup of Nations in 2008 with $40million had its valuation depreciated to $20,040m as at June 3, 2019.

For the Sekondi Sports Stadium, the edifice depreciated to $25.6million after $50million was used for its construction for the AFCON in 2008.

READ ALSO:Medeama adopt Baba Yara Stadium for CAF Champions League group stage

And per the look of things, the Sekondi Sports Stadium could depreciate even more this time around considering its current state. The edifice is currently in a deplorable condition with roofing systems torn, exposing the steel frames to corrosion while the washrooms, office spaces, hostels have all suffered some levels of deterioration.

In 2020, the then sports minister Isaac Kwame Asiamah disclosed that a contract has been awarded for the renovation of the Stadium.

The Minister further disclosed that the renovation of the stadium will be carried out in two phases.

The initial phase which is costed at over GH¢17 million will cover the replacement of existing defective roofing sheets, sandblasting corroded roofing steels, and application of a heavy-duty coating system to guard against further deterioration of the metal structure from the mid-west to the south stand.

In 2021, Asiamah again revealed that the government will spend over US$3 million to complete the first phase of the renovation of the sports infrastructure.

Presenting the 2022 budget in Parliament on November 17, 2021, the Finance Minister, Ken Yaw Ofori-Atta announced that a number of some National stadiums are undergoing renovation which the deplorable Sekondi Sports Stadium is now at a 90% completion stage in relation to its renovation.

However, some residents were not pleased with the Finance Minister’s statement as they believe, the renovation been done at the Essipong Stadium is nowhere near 20% complete not to talk of 90% according to their observation.

Read the reports below;


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