The Ghana Football Association has outdoored the financial rewards it stands to benefit from participating in the world cup.
One million of the total sum, representing monies for preparation will be paid in December, 2009.
Another eight million dollars representing amounts for the three preliminary matches is expected to be paid after the competition.
This is contained in a statement released on Wednesday, by the General Secretary of the GFA Kofi Nsiah.
This resolution was made after Participating Member Associations (PMA) attended the FIFA 2010 World Cup draw in Cape Town, South Africa on 4th December 2009.
The statement further added that each PMA will receive 50 business class air tickets from the country’s capital to South Africa and back.
In addition, FIFA will pay $400 (Four Hundred Dollars) per member of the PMA’s delegation per day to cover the cost of accommodation and feeding. In case the above cost exceeds FIFA’s allowance, the PMA will be responsible for the payment of the difference.
As rewards to the local clubs of participating member associations, a total amount of "$40 million will be allocated to the clubs from their associations who have helped to contribute to the successful staging of the competition. Taking into account the total number of teams, players and the duration of the 2010 FIFA World Cup South Africa, a ‘per player per day’ amount of approximately $1,600 will be paid."
"All remuneration of any kind (e.g. appearance fees, bonuses etc.) paid by the PMA to the Players in connection with their participation in the Championship, remuneration for friendly matches staged in South Africa before the Championship, and any other income received from the PMA for footballing activities in South Africa is liable to income tax in South Africa (“Taxable Income”)."
"The term “bonuses” used here refers to all special, results-based, incentive or any other bonus payments made by the PMA on the basis of specific results achieved during matches at the Championship in South Africa, irrespective of the differing terms used to describe these, such as World Cup bonus, semi-final bonus or win bonus," the statement said.
Ghana opens her World Cup campaign with Serbia on July 13.
Source: Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
AWA reaffirms commitment with FOD Walk during Safety Week
1 min -
Kuami Eugene hopeful he’ll be first Lynx artiste to survive after leaving the label
12 mins -
Akufo-Addo seeks to use Bawumia to complete Akyem agenda – Asiedu Nketia alleges
15 mins -
National Cathedral: CHRAJ recommends investigation, contract cancellation, possible prosecution
19 mins -
Dr James Orleans-Lindsay wins Man of the Year at 9th EMY Africa Awards
21 mins -
Medical Council to enforce specialist distribution nationwide
50 mins -
Fire guts old Fadama market, man reportedly loses GHC800,000
55 mins -
Nacee bemoans low performance fees for gospel artistes
56 mins -
We don’t operate investment platform – GNPC
1 hour -
Ghana Fact-checking Coalition condemns disinformation on voting by Wontumi FM broadcaster
1 hour -
IFRS 17 will augment and accelerate NIC’s efforts to implement risk-based capital – Deloitte
1 hour -
IFRS 17 is one of biggest changes to financial reporting standards in insurance industry – Deloitte
1 hour -
Enimil Ashon: Whose polls do you believe: ‘Global Info or Prof Sarpong?
2 hours -
Ghana Climate Innovation Centre welcomes 25 businesses into Cohort 10
2 hours -
ADB will continue to enhance customer value and service experience – Managing Director
2 hours