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GFA receives $900,000 “missing” Glo cash from NC

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The Ghana Football Association (GFA) has confirmed receipt of $900,000 from the now-defunct Normalisation Committee of the Association.

The amount which was paid into the GFA account on Wednesday 27th November 2019 is an arbitration settlement for the unilateral abrogation of contract between the football association and the telecommunication company.

In an official statement on the FA website, the Normalisation committee explained that an amount of $1m US dollars was received by its outfit but 10% of the said amount (100,000) was used in settlement of legal charges to the lawyer contracted by the NC to pursue payment from the firm.

Glo Mobile Ghana was signed on in 2009 as headline sponsors of the Ghana Premier League but the deal came to end in 2013 after the telecom firm failed to pay the sponsorship allocation due the 16 premier league clubs.

Then-GFA led by former boss, Kwesi Nyantakyi dragged Glo to court in pursuit of the sponsorship cash but post-Anas Number 12 scandal, the said amount was declared missing from the FA accounts with suggestions that it has already been settled by the company.

However, there is brewing contention over the legitimacy of the $100,000 purportedly used by the NC in settling legal fees.

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About Richard Korley

Accountant | Blogger/ Founder of Press Sports Ghana | Formerly a presenter with Volta Premier FM, Ho. Sports fan by default. I aspire to write

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