Relief for Ghana Premier League clubs as GFA grants 50% waiver on loaned monies

Ghana Premier League clubs receive loan waiver

The Ghana Football Association has decided to waive off fifty percent of the remainder of the loan owed by the Ghana Premier League clubs.

The Ghana FA gave out GHc50,000 loan to each top-flight club before the start of the 2019/2020 season.

Half of that amount was waived off when the Coronavirus pandemic broke in Ghana in March with GHc25,000 left to be paid by the clubs.

The Ghana FA Executive Council reached the decision to let go off half of the remaining owed monies by each of the eighteen premiership clubs.

The council are doing this to enable the clubs to mitigate the financial difficulties they have faced during the coronavirus crisis.

Each club will now have to pay GHc12,000 to the Ghana FA.

This amount will be deducted from any sponsorship secured by the football association in relation to the Ghana Premier League.

Source: Ghana Soccernet

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