[ 2016-07-13 ]

Ghana FA gets massive $5m cash boost from FIFA
The Ghana Football Association (GFA) has received
a massive cash boost from FIFA as the world
governing body will spend $5m on the local
federation over the next four years.

The cash support represents a 312% increment from
the support the world governing body gives
annually to its members to ensure their smooth
operation.

The financial support for member associations and
football development has now jumped to $5m per
every four-year cycle for each member association
from the $1.6m paid to members for four years.

Under the previous programme, each federation
including the GFA got annual support amount of
$400,000 to help in administering the game in the
country.

Following the bumper increase, the GFA will
receive $1,250,000 every year to support the
specific programmes to be dictated out FIFA.

This means the GFA and member associations will
have access to 750,000 US dollars per year for
football projects such as pitches, competitions
and women’s football.

The GFA will receives up to $500,000 US dollars
per year for running costs in areas including
administration and governance.

The process for the implementation commences from
June 1, 2017 and the governing body is also
increasing its financial support for the six
confederations so that they can do more to develop
football in their regions.

Confederations now receive $40m per four-year
cycle for football development, up from $22m.

Source - GHANAsoccernet.com

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