Gh¢10 million funds missing at National Sports Authority, a report has shown.
The Auditor General’s report on the Sustainability of Sports Stadia in Ghana has revealed that Internally Generated Funds (IGF) for the year 2015-2016 for the Accra Sports Stadium and for the year 2012-2013 for the Baba Yara Sports Stadium were not accounted for by the National Sports Authority (NSA).
The amount about GHS 10,683,044 generated as internal funds from the five stadia in the country (Accra, Kumasi, Essipong, Tamale, and Cape Coast) even though there were no revenue targets or strategies in place.
The amount may be among the biggest unrecorded IGF from the NSA in history after their inability to provide any documentation for IGF for the period stated in the report.
The news was announced by the Assistant Auditor General for Performance and Special Audit, Lawrence Ayagiba, in an interview with Ghana’s number one Sports Station Happy 98.9FM.
He also said;
The audit was to find out whether the Ministry of Youth and Sports (MoYS) and the National Sports Authority (NSA) have carried out their oversight responsibilities and implemented measures to ensure the physical and financial sustainability of sports stadia”.
“The NSA does not have any document on their internal generated funds for the years which have been stated in the report.”
National Sports Authority boss, Professor Peter Twumasi, in his response on Happy 98.9FM said.
“We have renewed and given out contracts to all our tenants at the Accra Sports Stadium. The report is good to identify some of the problems the NSA is facing so we can correct them. But it doesn’t mean we should also write off all the good works of the NSA.”