COVID-19 crisis: Ghana FA to get $500,00 from FIFA relief fund

Author: Reuters
Relief: GFA President, Kurt Okraku

The Ghana Football Association is to receive $500,000 in emergency as football's world governing body FIFA is set to release operational funds for 2019 and 2020 amounting to $150 million to its member associations. 

The bailout is the first step of a relief plan to help negate the economic impact of the COVID-19 pandemic, the global soccer body said on Friday.

Each of FIFA 's 211 member associations would receive $500,000 in the coming days as well as any remaining entitlements for 2019 and 2020, it added. The coronavirus outbreak has brought soccer to a standstill and clubs have struggled to cope with the loss of revenue.


Support for football community: FIFA President, Gianni Infantino

"The pandemic has caused unprecedented challenges for the entire football community and, as the world governing body, it is FIFA's duty to be there and support the ones that are facing acute needs," FIFA President, Gianni Infantino, said.

"This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress.

"This is the first step of a far-reaching financial relief plan we are developing to respond to the emergency across the whole football community."

FIFA said it would immediately release the second installment of operational costs for 2020, originally due in July, and which under normal circumstances member associations would have only received in full upon fulfillment of specific criteria.

"This immediate financial assistance should be used to mitigate the financial impact of COVID-19 on football in member associations, namely to meet financial or operational obligations that they may have towards staff and other third parties," Fifa said.