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

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Soccer News of Saturday, 15 August 2020

Source: Ghana Soccernet

2020-08-15

Ghana Premier League clubs receive loan waiverGhana Leading League clubs receive loan waiver

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The Ghana Football Association has decided to waive off fifty per cent of the remainder of the mortgage owed by the Ghana Premier League clubs.

The Ghana FA gave out GH¢50,000 bank loan to every single major-flight club in advance of the begin of the 2019/2020 time.

50 % of that amount of money was waived off when the Coronavirus pandemic broke in Ghana in March with GH¢25,000 remaining to be compensated by the clubs.

The Ghana FA Executive Council achieved the final decision to permit go off 50 percent of the remaining owed monies by each individual of the eighteen premiership golf equipment.

The council are accomplishing this to enable the clubs to mitigate the fiscal complications they have faced throughout the coronavirus crisis.

Each club will now have to pay out GH¢12,000 to the Ghana FA.

This total will be deducted from any sponsorship secured by the soccer affiliation in relation to the Ghana Premier League.

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