The ministry of Finance has presented a loan agreement of 170 million dollars to parliament to finance the provision of sports infrastructure and residential facilities for the All African Games.
The said amount will be obtained through a facility from Cal Bank.
This comes on the back of Government’s decision to abandon the construction of a 60,000 capacity Olympic Stadium at Borteyman in favour of already existing facilities including the University of Ghana Stadium.
However, the LOC Chairman of the African Games, Dr Kweku Ofosu Asare clarified in an interview with Graphic Sports that despite scrapping the Borteyman facility other auxiliary facilities will be constructed there.
“We will still have some facilities there, the impression in a section of the media indicates that nothing is going to happen at Borteyman but this is not true.
“We will have facilities like a swimming pool, tennis courts as well as a multipurpose building that will be used for indoor games,” he disclosed.
The proposal has been referred to the finance committee for consideration and report before approval.