Boxing News of Fri, 15 Mar 20020
Boxing union awaits Sports Ministry's ?100 million
The Ghana Boxing Authority is anxiously waiting for ?100 million promised it by the Ministry of Youth and Sports for work on the Accra International Gymnasium and Hall of Fame Complex. Speaking to GNA Sports, Moses Foh Amoaning, second vice chairman of the GBA said the project, which would be undertaken jointly with Accra Metropolitan Assembly is yet to take off due to financial constraints.
He said the GBA has already formed an eight-member committee headed by Mr Solomon Ofei Darko, Accra Metropolitan Assembly's (AMA) Chief Executive and would be soon inaugurated by the Minister of Youth and Sports for them to start work.
"At the moment the architectural drawings are ready and in conjunction with the AMA, we have been able to identify the site for the project. "The project is within the range of three billion cedis and additional funding would be sought through cooperate syndication. The project when completed would be self financing since it would have stores that would be let out in addition to revenue that would accrue from user fees to be paid by boxers."
Mr Foh Amoaning said the project which is an essential part of the GBA long term plan to produce world beaters in many ranks would need to get off the blocks as early as possible.