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Revealed: GFA planned to GHS 40 million expenditure in 8 months Read more at: https://presssportsghana.com/wp-admin/post.php?post=3441&action=edit

Revealed: GFA planned to GHS 40 million expenditure in 8 months

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Ghana Football Association (GFA) led by Kurt Okraku planned to spend a little over GHS 40 million, eight months after assuming office in October 2019.

A report by Joyfmonline indicates that the GFA from October 26, 2019, to June 30, 2020, has spent GHS 40,190, 829 which was contained in a 72-page document sent to members of Congress on August 20.

The amount covers expenditures on administrative and football governance, football competitions, maintenance and other running costs.

A break down of the total expenditures of the period in question shows that GHS 18,639,954 was spent on football competitions, GHS 12,393,570 on football governance, whiles an amount of GHS 8,514,808 was used to cover administrative expenditures.

Cost of running and maintenance expenditures of GHS 642,317 added brought the total expenses made for the eight months period to GHS 40,190,829.

Per the further breakdown stated, GHS 2,172,750 was spent on committee honorarium, refresher courses and logistic by the GFA.

The Regional Football Associations (RFAs) received GHS 334,000 with the Division One League (DOL) taking a combined total of GHS 5,144,000. The DOL amount covered the various teams, match officials, with others going into league administration and promotion.

“Transportation allowances and Elections Expenses for RFAs and DFA amounted to GHS 750,000 and GHS 762,000 respectively, totalling GHS 12,393,570.”

“For football competitions, GHS 1,377,000 was used to cater for the bills of referees and match officials, whereas GHS 2,970,000 was expended on the shares of StarTimes sponsorship teams.
The administration of the league was GHS 1,000,000, and GHS 284,580 was spent to promote the league”, the figures as contained in the Joy Sports report.

The FA’s cost of running the Women’s League, Men and Women’s FA cup is GHS 1,451,048 and GHS 2,589,180 respectively.

Others expenditures contained in the document showed that election expenses and transportation allowances spend on RFA’s and DFA’s amounted to GHS 1,512,000, with a cash of GHS 8,375,000 going into projects at the Ghanaman Soccer Center for Excellence.

Second divisional inter-club festival, as well as the national colts festival, had GHS GHS 200,000 spent on each.

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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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