Audio By Carbonatix
A former President of the Ghana Football Association, Kwesi Nyantakyi, has revealed that government stopped supporting Ghanaian clubs participating in CAF Inter-club competitions due the failure of Hearts of Oak and Asante Kotoko to refund monies released to them.
According to Nyantakyi, government set up a revolving fund in 2006 to support the primary expenditure of Ghanaian clubs that reached the group stages (money zone) of CAF's inter-club competitions, with an agreement that clubs would pay back the loaned amount once they received payment from CAF.
"That year, King Faisal, Berekum Chelsea, Asante Kotoko and Hearts of Oak competed in Africa. Kotoko and Hearts both made it to the group stages of the competition and accessed the money but refused to pay back the loan, collapsing the fund in the process," he said in an interview with Kings TV.
Ghanaian clubs have consistently struggle to fund their participation in the CAF inter-club competitions, with Asante Kotoko Chief Executive, Nana Yaw Amponsah recently calling on government to step in to help participating clubs.
Latest Stories
-
Let’s treat persons with disabilities right – Director urges GHS staff Â
5 minutes -
Soldiers in Benin say they have seized power from President Talon
13 minutes -
Lionel Messi leads Inter Miami to MLS Cup glory
32 minutes -
Soldiers on Benin’s national television claim to have seized power
50 minutes -
Premier Tennis Club organizes Tema Farmers’ Day Tournament
57 minutes -
Liberia, South Africa ex-First Ladies attend Lordina Foundation’s 5th health screening for retired ministers
1 hour -
KGL Foundation partners Premier Tennis club to celebrate Farmers’ Day
1 hour -
Adrobaa crowned winners as Milo U13 Championship makes grand return
2 hours -
NAIMOS seizes excavators and shuts down illegal Riverbank mining in Eastern Region
4 hours -
NAIMOS dismantles illegal foreign mining network along the Bia River
4 hours -
Zelensky signals progress in talks with US on peace plan
5 hours -
Policemen assaulted in Jirapa; AK-47 rifles stolen
6 hours -
Bibiani tragedy: Toddler killed by moving Toyota Pickup
7 hours -
Don’t scrap OSP – Anti-corruption CSO demands review
8 hours -
GIS, EU vow closer security cooperation to boost northern border control
9 hours
