It may sound unsurprising given the recent media exposures of high level corruption and mismanagement in its affairs, but the stark reality today is that, the Savannah Accelerated Development Authority (SADA) is not only on its knees financially but is virtually bankrupt and has to fall on the remaining seed money of GHC74.5m to meet it immediate recurrent expenditures including salaries, vehicle maintenance, travelling expenses, and many others.