One Million US Dollars GLO Sponsorship Settlement Fee Missing From GFA Accounts

One Million US Dollars GLO Sponsorship Settlement Fee Missing From GFA Accounts

The Kwesi Nyantakyi led administration cannot account for $1 million of the $1.5 million out-of-court settlement paid by Telecom giants GLO for their previous sponsorship of the Ghana Premier League, Ghana Sports Online has learnt.

GLO made a payment of $1.5m to the Ghana FA in January 2018 meant to be shared among the 16 Premier League clubs who took part in the Ghanaian top-flight league between 2009 and 2013.

But, the GFA through Kojo Yankah, have claimed they have received $500,000 instead of the $1.5 million.

Ghana Sports Online checks confirmed GLO presented an invoice worth $1.5m which was sighted by other top officials of the GFA.

The GFA took GLO to court to pursue payment of $6.3 million but the Nigerian company opted for an out of court settlement.

Ghana Sports’ incontrovertible sources have confirmed that $1.5m, an agreement which was reached by the parties in court, was paid in full.

Outspoken football administrator Takyi Arhin, who was CEO of B. A Stars during the sponsorship, has maintained that $1.5m was paid and not $500,000.

“I’ve heard that Yakubu Moro has said that if Kwesi [Nyantakyi] is going then he should refund the $1 million before he leaves,” he told Sunyani-based Moonlite FM.
Arhin confirmed that clubs have not received their share of the $500,000 which Nyantakyi admitted in an Executive Committee meeting has been paid.

Whilst clubs are waiting to receive their share of the money Arhin has claimed that the $500,000 has been used for administrative expenses.

“The money has been used for administrative expenses,” he further stated.

The GLO sponsorship was dogged by scandals right from the onset with agency fee payment taking centre stage.

Written by Eugene Nyavor

Eugene Nyavor is the Founding Editor at Gh Links.

Reach me via Email: [email protected]


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