22nd December 2023 5:00:00 AM
2 mins readThe reduction in Ghana's 2022 World Cup prize money from $9 million to $7.9 million was reportedly due to outstanding debts owed by the Ghana Football Association (GFA) to FIFA. The debt, totaling over $800,000, includes expenses related to the travel and accommodation of officials, as well as the participation of Ghana's U-17 and U-20 Women's national teams in FIFA tournaments.
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Additionally, cautions incurred by Ghana contributed to the overall debt. The GFA confirmed the debt and its impact on the prize money, acknowledging the need to settle outstanding obligations to FIFA.
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"The GFA was entitled to $9m for placing between 17 and 32 in the FIFA World Cup [in Qatar], subject to the deduction of all outstanding debts on the account of the association at FIFA," Henry read a portion of a letter he said the FA wrote to the Sports Ministry on June 14, 2023.He explained that every member association of FIFA has a specific account designated at FIFA for payment of money due it."...
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the association also received $25,000 credit relating to 2018. This was money FIFA owed the GFA as far back as 2018 and FIFA added it to our World Cup prize money for participating in the 2022 World Cup and this was fully contained in the letter we sent to the Minister."FIFA has deducted the outstanding debts in the sum of $800,131.23 from 2016 to the 2022 World Cup in Qatar, including fees for cautions, flights, accommodation, charges.
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"This leaves us with an amount of $8,224, 868.77. We wish you to remind of you the payment of $300,000 we took from the bank to pay the three Black Stars coaches on behalf of the Ministry for qualifying Ghana to the World Cup against Nigeria per their contract."So after all the deductions and what not, the net balance is $7,899,868.77 which is currently to our credit at the bank," he added.
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Henry, however, did not clarify if the loan the FA took to pay the coaches as their performances bonus was deducted by FIFA or GFA deducted it and paid to the bank.He concluded by saying that, the GFA will publish the details.
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