The Ghana football Association has dismissed allegations of improper accounting of Ghana-PUMA sponsorship deal,describing the media reportage as chicanery.
Atinka TV’s Saddick Adams revealed a document on his ‘Sports Court Show’ on Monday, amazingly showing the a staggering amount of €900,000 Ghana gets from the partnership.
“Aside the supply of apparels, the German kit company pays the Ghana FA an “ANNUAL FIXED FEE” of €900,000. First tranche of € 425,000 in June, and the remainder before 31st of December every year, “the journalist exposed.
The Ghana FA have released a statement on Thursday, saying the executive committee is not in the dark with the deal and also proper documented accounts is kept and audited .
“Our attention has been drawn to a recent media report on Atinka TV and FM regarding the Puma apparel contract with the Ghana Football Association (GFA).The GFA wishes to state that the claims by the reports are maliciously false, calculated to cause damage to the reputation of the GFA and Mr Nyantakyi,”the statement said.
Meanwhile,the GFA disclosed it intention to pursue legal action over the reputational damage suffered by the federation and its President over the report.
Below is the Full Statement Regarding PUMA Contract :
Our attention has been drawn to a recent media report on Atinka TV and FM regarding the Puma apparel contract with the Ghana Football Association (GFA).
The report, which was published on the internet and widely circulated on social media, sought to create the impression that the financial gains from the agreement is not paid into the GFA accounts and has ‘never been properly accounted for’.
It further claimed that the GFA President Mr. Kwesi Nyantakyi is the only person with the knowledge of how the funds from the agreement are received and disbursed.
The GFA wishes to state that the claims by the reports are maliciously false,calculated to cause damage to the reputation of the GFA and Mr Nyantakyi.
The GFA wishes to state the following facts:
1. The GFA’s contract with Puma is not the preserve of the President of the federation alone. The contract is thoroughly discussed by the Executive Committee with minutes of such meetings available.
2. The financial gains from our contract with Puma are paid directly into the accounts of the GFA and captured in our annual audited accounts. The audited accounts are also made available to our members at Congress.
3. All funds from Puma – and indeed all our sponsors – are received directly by the GFA through our accounts and properly accounted for as can be seen in our audited accounts by the Auditor General of the Ghana.
Meanwhile, the GFA will pursue legal action over the reputational damage suffered by the federation and its President over the report.
Ghana FA Communications Division
