Ghana's No. 1

Ghana FA pays US$ 5405 seed money for pension fund

Published on: 07 May 2012

The Ghana FA will provide 10,000 Ghana cedis as seed money for the creation of a new pension fund to cater for former internationals.

The federation last week announced its plans to create a fund to cater for former national team players who are struggling to make ends meet after their selfless service to the national team.

And Ghana FA boss Kwasi Nyantakyi revealed during the launch of the maiden National Players Awards (an awards scheme to recognize national team players) the association will be committing 10,000 Ghana cedis of its resources as down payment for the fund.

''The Ghana FA will provide the seed money for the retirement fund. The Ghana FA will provide 10,000 Ghana cedis as seed money,'' Nyantakyi said at the launch on Saturday.

'We will give the funds out to a competent body for its management and we are considering having discussions with the Ministry to allocate a percentage of gate proceeds from national team games for this fund.

''We will ask the general public to make contributions to the fund and we will select some media platforms to wage this campaign.

''This is to say thank you to individuals who doing their time brought as a lot of joy and fond memories.''

Nyantakyi chairs a three man committee to oversee the processes for the setting up of the pension fund.

The other members are Randy Abbey and Wilfred Osei (Parma).

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