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GFA to receive $500,000 financial package from FIFA

The Ghana Football Association is set to receive an amount of $500,000 from world football governing body, FIFA, as part of measures to help combat the effect of the coronavirus in football in the country.

The amount represents the operational funding for member associations for the years 2019 and 2020.

In all, FIFA will distribute $150 million among its 211 member associations.

“The pandemic has caused unprecedented challenges for the entire football community and, as the world governing body, it is FIFA’s duty to be there and support the ones that are facing acute needs,” said FIFA President Gianni Infantino. “This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress.

“This is the first step of a far-reaching financial relief plan we are developing to respond to the emergency across the whole football community. Together with our stakeholders, we are we assessing the losses and we are working on the most appropriate and effective tools to implement the other stages of this relief plan.

As part of the measures, all remaining entitlements of member associations to operational costs under the Forward 2.0 Programme will be released in full for the years 2019 and 2020. In particular, the release of the second installment of operational costs for 2020, which was originally due in July, will be paid immediately.

Under normal circumstances, FIFA’s member associations would have only received the full amount of the contribution upon fulfillment of specific criteria. Instead, FIFA is now transferring this amount as an active support to help safeguard football across all member associations.

Concretely, this means that FIFA will release USD 500,000 to each member association in the coming days as well as any remaining entitlement for 2019 and 2020.

“This immediate financial assistance should be used to mitigate the financial impact of COVID-19 on football in member associations, namely to meet financial or operational obligations that they may have towards staff and other third parties.

Football in Ghana has remained suspended since March 16, 2020 with clubs struggling to pay staff and players.

The GFA’s offices have also remained closed since then with all of the staff working from home. -Citinewsroom

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