Sports News of Thursday, 20 July 2017
The Ghana Football Association says it is a clean as snow and has vowed to take legal action against two media houses for suggesting they have misappropriated funds from the Puma sponsorship deal.
A report by Atinka’s TV and radio station claimed the cash component of the contract is not paid into the GFA accounts and has ‘never been properly accounted for’.
It further claimed that the GFA President Kwesi Nyantakyi is the only person with the knowledge of how the funds from the agreement are received and disbursed.
In a quick rebuttal, the Ghana FA established the following facts:
The GFA’s contract with Puma is not the preserve of the President of the federation alone. The contract is thoroughly discussed by the Executive Committee with minutes of such meetings available.
The financial gains from our contract with Puma are paid directly into the accounts of the GFA and captured in our annual audited accounts. The audited accounts are also made available to our members at Congress.
All funds from Puma – and indeed all our sponsors – are received directly by the GFA through our accounts and properly accounted for as can be seen in our audited accounts by the Auditor General of the Ghana.