• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Setting the Record Straight: The Truth About the Africa Games’ Operational Budget

February 27, 2024
Prince Agyapongby Prince Agyapong
in General News
0
Setting the Record Straight: The Truth About the Africa Games’ Operational Budget

13th African Games

The Local Organising Committee (LOC) for the 13the Africa Games has refuted Hon. Okudzeto Ablakwa’s USD$48 million operational budget claim, explaining it covers recurrent expenses and will be provide after the Games’ conclusion.

In response to Hon. Okudzeto Ablakwa’s claim about the USD$48 million operational budget for the 13th African Games, the Local Organising Committee (LOC) issued a press release, signed by the Executive Chairman, Dr. Kweku Ofosu-Asare, emphasized the significant investment required to host pan-continental competitions like the African Games.

The Local Organising Committee (LOC) highlighted the enduring benefits these events bring to the country, such as enhancing the country’s international standing, promoting economic development, and fostering a sense of national unity and pride.

RelatedPosts

AG Urges Court to Strike out Suspended CJ’s Review Application

Asah-Asante Calls Out National Day of Prayer, Questions Value

IMANI Warns of “Missing Gaps” in NPP’s Renewal Drive

“It is within this context that the Local Organising Committee (LOC) for the 13the Africa Games notes the release by the Honorable Member of Parliament for North Tongu Constituecy, Mr. Samuel Okudzeto Ablakwa and clarifies”.

Dr. Kweku Ofosu-Asare, LOC

The Local Organising Committee (LOC) stated that what the Honorable Member of Parliament put out is a misrepresentation of the facts.

They highlighted that the Local Organising Committee (LOC) was inaugurated by His Excellency Nana Addo Dankwa Akufo-Addo, “almost four years ago, and that the operational budget of the Local Organising Committee (LOC) cannot be limited to the 18 days of the Games”.

The Local Organising Committee (LOC) further contended that the false and deceptive impression propagated by Hon. Ablakwa, according to which USD$48 million will be spent between March 8 and 23, is a ruse to distract Ghanaians from the superb work that the Government of Ghana and the Local Organising Committee (LOC) have been doing to organise and host the 13th African Games.

The Local Organising Committee’s (LOC) statement also reaffirmed the government’s commitment to organizing one of the best African Games ever held on the continent, underscoring its dedication to transparency and accountability in the process.

“This the first time Ghana is getting the opportunity to host the most significant sporting tournament in Africa since it was first established in 1965”.

Dr. Kweku Ofosu-Asare, LOC

They also reiterated the significant costs associated with hosting the Games, including expenses in the areas of Medical and Anti-doping, Transport, Accommodation, Catering, Branding of the Games Management System, Team Ghana preparation, Broadcasting, and Equipment for 29 sporting disciplines, among others.

In addition, the Local Organising Committee (LOC) stated that the Organising Committee in collaboration with the Ministry of Youth and Sports, will continue to remain transparent in our dealings with the public as they strive to host one of the best organised Games on the continent.

In so doing the Ministry of Youth and Sports, Hon. Mustapha Ussif will continue to engage the general public and also, address Parliament in due course on Ghana’s readiness for the African Games. In a related development, Hon. Mustapha Ussif will have a meet-the-press session on the 4th March, 2024 to update Ghanaian on the African Games.

This response contradicts Ablakwa’s allegations, which were based on intercepted documents he claimed to possess, revealing an operational expenses budget for the Games that he described as “elephantine, wrongful, and unconscionable.” The Local Organising Committee’s (LOC) explanation suggests a different perspective on the budget allocation, emphasizing that the funds are intended for ongoing expenses related to the event, rather than a one-time, massive outlay.

Benefits of hosting the Africa Games

Hosting the Africa Games can bring numerous economic and social benefits to Ghana. The event provides an opportunity for infrastructure development. The country invested in building or upgrading sports facilities, transportation networks, and accommodation options. These investments have long-term benefits for the local community, attracting tourism and stimulating economic growth.

The Africa Games also serve as a catalyst for social development. The event promotes sports participation and healthy lifestyles among the population, inspiring future generations of athletes. It fosters a sense of national pride and unity, bringing people from diverse backgrounds together to support their country’s athletes.

Furthermore, hosting major sporting events like the Africa Games can enhance Ghana’s international reputation. It showcases the country’s ability to organize and manage large-scale events, attracting positive attention from around the world. This increased visibility can lead to opportunities for trade.

In conclusion, the Africa Games’ operational budget should be viewed in perspective, considering its unique context and the broader impact of hosting such an event. Transparency and accountability remain key principles in budgeting for major sporting events, ensuring that funds are used effectively for the benefit of athletes, countries, and communities.

READ ALSO: North Tongu MP Samuel Okudzeto Ablakwa Blows the Whistle on African Games Spending

Tags: 13th African GamesDr. Kweku Ofosu-AsareLocal Organising Committee (LOC)Ministry of Youth and SportsMr. Samuel Okudzeto Ablakwa
Please login to join discussion
Previous Post

NDC Deputy Communications Officer Criticizes President Akufo-Addo’s Leadership

Next Post

Kremlin Warns Of Conflict With NATO If Troops From Member Countries Join In Ukraine’s Fight

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Dr Dominic Ayine, AG and Minister for Justice
General News

AG Urges Court to Strike out Suspended CJ’s Review Application

July 2, 2025
PURC Increases Electricity Tariffs by 2.45%, Holds Water Rates Steady 
Extractives/Energy

AGI, GUTA Warn PURC Tariff Hike Threatens 24-Hour Economy Rollout 

July 2, 2025
Ghana Clears Final Hurdles for IMF Disbursement, Eyes $2.3 Billion Milestone
Economy

Ghana Clears Final Hurdles for IMF Disbursement, Eyes $2.3 Billion Milestone

July 2, 2025
National Day of Prayer under scrutiny
General News

Asah-Asante Calls Out National Day of Prayer, Questions Value

July 2, 2025
Akwaboah Reveals Why He Cut Locks
Entertainment

Akwaboah Reveals Why He Cut Locks

July 2, 2025
Thomas Nyarko Ampem, Finance, Budget
Economy

Parliament Reviews $360 Million IDA Deal for Recovery Plan

July 2, 2025
Dr Dominic Ayine, AG and Minister for Justice
General News

AG Urges Court to Strike out Suspended CJ’s Review Application

by Evans Junior OwuJuly 2, 2025
PURC Increases Electricity Tariffs by 2.45%, Holds Water Rates Steady 
Extractives/Energy

AGI, GUTA Warn PURC Tariff Hike Threatens 24-Hour Economy Rollout 

by Prince AgyapongJuly 2, 2025
Ghana Clears Final Hurdles for IMF Disbursement, Eyes $2.3 Billion Milestone
Economy

Ghana Clears Final Hurdles for IMF Disbursement, Eyes $2.3 Billion Milestone

by Stephen M.CJuly 2, 2025
National Day of Prayer under scrutiny
General News

Asah-Asante Calls Out National Day of Prayer, Questions Value

by Lilian AhedorJuly 2, 2025
Akwaboah Reveals Why He Cut Locks
Entertainment

Akwaboah Reveals Why He Cut Locks

by Esther Korantemaa OffeiJuly 2, 2025
Thomas Nyarko Ampem, Finance, Budget
Economy

Parliament Reviews $360 Million IDA Deal for Recovery Plan

by Silas Kafui AssemJuly 2, 2025
Dr Dominic Ayine, AG and Minister for Justice
PURC Increases Electricity Tariffs by 2.45%, Holds Water Rates Steady 
Ghana Clears Final Hurdles for IMF Disbursement, Eyes $2.3 Billion Milestone
National Day of Prayer under scrutiny
Akwaboah Reveals Why He Cut Locks
Thomas Nyarko Ampem, Finance, Budget
[/vc_row_inner]

Recent News

  • AG Urges Court to Strike out Suspended CJ’s Review Application
  • AGI, GUTA Warn PURC Tariff Hike Threatens 24-Hour Economy Rollout 
  • Ghana Clears Final Hurdles for IMF Disbursement, Eyes $2.3 Billion Milestone
  • Asah-Asante Calls Out National Day of Prayer, Questions Value
  • Akwaboah Reveals Why He Cut Locks
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.