The Finance Committee of the Ghana Football Association has been tasked to advise the country’s governing body of football on how to spend the $1, 500, 000 Covid-19 relief money the association is to receive from FIFA.
FIFA recently announced the massive financial boost for all 211 member associations in a bid to cushion them financially from the negative impacts of the deadly virus.
The GFA Executive Committee on Tuesday decided to cancel the current season of 2019/20 without declaring a champion and now the next focus of the association headed by Kurt Okraku is to start the process of sharing the FIFA money to its members.
A statement on the website of the Ghana FA read as follows:
“The Executive Council of the Ghana Football Association (GFA) has tasked the Finance Committee chaired by Vice President Mark Addo to advise on the disbursement of the FIFA COVID-19 Relief Fund.
This decision is to make sure that all stakeholders of the federation duly benefit from the fund that has been set up by FIFA to alleviate some of the hardships on the various facets of the industry in the era of the pandemic.
The GFA is entitled to one million dollars ($1m) that would be paid in two tranches – the first one in July 2020 and the second tranche scheduled for January 2021.
The money is for the use of the FA and also to be shared among clubs that compete in the top-level leagues, grassroots football (Juvenile), lower-tier leagues and women’s football.
FIFA has also set aside five hundred thousand dollars ($500,000) purposely for women’s football.
The Finance Committee has one week to submit their report to the Executive Council for further action.”