Great Olympics chief Oluboi Commodore unconvinced by GFA's GHS 11 million debt

Published on: 05 May 2020

Great Olympics General Manager Oluboi Commodore remains unconvinced by the breakdown of the Ghana Football Association's GHC 11 million debt. 

The FA revealed that in inherited a debt of GHC 11 million, which includes several outstading payments to entities the association worked with in the past.

According to the FA, a legacy debt, divided into dollar and cedi components, is made up of $470,700.00 (GHS 2,730,060) and GHS 10,079,440.00.

"I find it difficult to understand that the GFA is in debt of over GH¢11 million, " Oluboi Commodore told Asempa FM.  "I want to see it in our books to believe. There are several accounts of the GFA with credit balances," he added.

"This debt is there and most of us who make the GFA membership aren't aware."

The GFA also revealed West Head, the agency that brokered the deal between the FA and GNPC leading to a court battle, as one of the institutions they owe. The amount to be paid as the commission is $1.4 million.

Furthermore the GFA owes debt to one Kizito Beyuo ($35,000), the arbitrator of the GFA and GLO impasse; former Black Stars coach, Kwasi Appiah ($180,000); two vehicles purchased in 2017 ($100,000); the land on which the GFA secretariat is cited (GHS 450,000); and many others.

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