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GFA waives 50% of Premier League clubs loaned monies

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Seli Baisie
Journalist/ Entertainment and Lifestyle blogger.

The Executive Council of the Ghana Football Association, GFA has taken a decision to waive fifty percent (50%) of the remaining loan of GHc25,000 owed by each of the 18 Premier League clubs.

The GFA loaned each Premier League club GHc50,000 before the commencement of the 2019-2020 league season.

At the start of the Covid-19 pandemic, the GFA waived half of the loan amounting, to 25 thousand Ghana Cedis as GFA Covid-19 Relief to the Premier League clubs.

Thus, upon this second waiver, each Premier League club now owes the GFA 12,500 Ghana Cedis of the outstanding loan.

The loan amount will be deducted from any sponsorship amount received in relation to the Premier League. The council is doing this to enable the clubs to mitigate the financial difficulties they faced during the coronavirus crisis.

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