Goldfields Ghana Foundation has issued the progress of work at the Tarkwa and Aboso Stadium which will serve as the new home ground of Medeama Sporting Club.

According to the company, a total of $13 million has been invested in the construction of the new stadium so far.

The mining company is steering the construction of a 10,400-seater capacity stadium for the Ghana Premier League champions following their qualification to the group stage of the CAF Champions League.

Earlier this month, Medeama confirmed receiving a letter from Goldfield Ghana deciding to end their sponsorship deal.

While the company has not denied the reports, they have now moved to provide updates on the progress of work on the stadium.

"The Foundation has so far invested over US$13 million dollars in the stadium, out of a budgeted
US$16M, and this has proven to be one of the high-cost ticket items it has funded besides the
Tarkwa to Damang asphalted road," a statement from the company said.

"Despite the facility being a public one, there is however an added cost of more than US$2 million
dollars in taxes."

They also added that an amount of US$100,000 has been provided to the Tarkwa-based side in advertising.

"The advertising package, which covers various areas including jersey and bus branding, is for a

period of one year, 2023/2024," the statement added.

Find out the full press release from Goldfield Ghana Limited here:

Medeama were in action in midweek as they beat Nations FC in one of two outstanding games to move to the 11th position on the Ghana Premier League table.