The Ghana Football Association (GFA) has refunded the loan of $4,003,761.08 it received from the government to help fund the Black Stars participation in the 2014 World Cup.<\/p>\n
[contextly_sidebar id=”ZoCVbg8rPba1GYvs3m7mq6VzsQXtFLH1″]According to the GFA, the amount was paid to the Ministry of Youth of Sports on Thursday in furtherance of an agreement with government before the tournament in Brazil.<\/p>\n
Prior to the 2014 FIFA World Cup, the government agreed to pre-finance the Black Stars expenses during the competition pending a receipt of the FIFA appearance fees for participating countries.<\/p>\n
In pursuance of the said agreement, an amount of $4,003,761.08 which represents the amount of money government advanced to the Black Stars in Brazil has been paid.<\/p>\n
FIFA paid Ghana’s prize-money last week.<\/p>\n
The GFA emphasized that the amount paid by government to the team was only a loan from government and not public funds.<\/p>\n
The Black Stars participation at the World Cup generated a lot of controversy when government airlifted $3 million to pay players’ bonuses and other expenses.<\/p>\n
President John Dramani Mahama defended the action by saying it was \u201cnecessary.\u201d<\/p>\n
Mahama, whose government relied on the central bank to pay its bills last quarter, sent a jet with more than $3 million to Brasilia to prevent a possible boycott of yesterday\u2019s game against Portugal.<\/p>\n
–<\/p>\n
By: Nana Boakye-Yiadom\/citifmonliine.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
The Ghana Football Association (GFA) has refunded the loan of $4,003,761.08 it received from the government to help fund the Black Stars participation in the 2014 World Cup. [contextly_sidebar id=”ZoCVbg8rPba1GYvs3m7mq6VzsQXtFLH1″]According to the GFA, the amount was paid to the Ministry of Youth of Sports on Thursday in furtherance of an agreement with government before the […]<\/p>\n","protected":false},"author":25,"featured_media":29345,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[29,3,38],"class_list":["post-62764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-mahamudu-bawumia","tag-ghana-news","tag-palaver-newspaper"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/62764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62764"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/62764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/29345"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}