The Confederation of African (CAF), has said it will release a $10.8 coronavirus relief package to 54 member associations, with immediate effect.
This was after a video conferencing emergency meeting held on Thursday, May 28, 2020.
The funds are a part of CAF’s annual grants to its member association and the Confederation has decided to ignore some of the eligibility conditions for the funds due to the difficulties faced by the national federations through the Coronavirus pandemic period.
“Due to the rapid spread of COVID-19, African member associations have suspended all national competitions, which has increased the financial burden on their shoulders, CAF has therefore decided to modify the conditions of eligibility to access annual grants, so that all member associations can benefit from them during this difficult period, “President Ahmad Ahmad stated.
The decision means each member association will be handed $200,000.
This comes barely two weeks after CAF released $3.5 to clubs that entered the group stage of this year’s CAF inter-club competitions or are still in the competitions.
A statement from CAF said, "it should be noted that last month FIFA equally waived the requirements and approved the payment of the second installment of the annual FIFA forwards funds for football development to the tune of $500 000 per member.
It said, CAF also plans to support it’s member associations for the running of their national championships in cases where such events have been suspended, adding that CAF is equally working with related institutions to find a way forward for its competitions.
According to the statement, CAF had resolved to inform its stakeholders about the future of competitions after due consultation with the World Health Organization and FIFA.
Latest Stories
-
Police pursue gunmen for killing 2 off-duty officers at Trasacco
30 mins -
Bayer Leverkusen beat Roma to win semifinal first leg
32 mins -
Aston Villa face tough task after 2-4 defeat to Olympiacos
37 mins -
NGO empowers women and girls with disabilities
41 mins -
Guinness World Records: Nigerian woman paints nails for three days
49 mins -
Season 2 of ‘I’m in Love with Boma Ye’ returns this May on Joy Prime
52 mins -
Akufo-Addo’s disrespect of chiefs won’t be tolerated – Haruna Iddrisu
56 mins -
Chalobah and Jackson score as Chelsea defeat Tottenham
60 mins -
NPP praises Police, EC for successful Ejisu by-election
1 hour -
2024 Ramadan Cup: Bawumia donates 20,000 to four teams as Ashaiman lifts trophy
1 hour -
PMI Ghana Chapter members tour Kasoa BSP Project
1 hour -
Child Rights International pledges support for toddler mauled by dog
1 hour -
Cedi’s woes due to diminishing expectations of investors concern about Ghana’s competitiveness – Prof. Peprah
1 hour -
EIU optimistic Ghana’s debt-carrying capacity could easily improve in future
2 hours -
Access Bank Ghana Plc records commendable financial growth in quarter one, 2024
4 hours