Government spent only $471,000 on World Cup

It has emerged at the Presidential Commission inves­tigating matters related to Ghana’s participation in the 2014 World Cup that government spent only $471,130.39 on the Black Stars at the tournament, a figure which is far less than earlier reports had suggested.
It was previously thought that $7m was spent on the country’s World Cup campaign in Brazil but it turned out that the Ghana Football Association is paying for a huge chunk of the amount.
This information was disclosed by the Ministry of Youth and Sports, represented by acting Chief Director and Chief Accountant Prosper Kpasu on Monday, Day 5 of the ongoing Commission hearings.
Responding to questions from the three-man commis­sion, the Chief Accountant of the Ministry, Mr Prosper Kpasu provided a breakdown of the actual expenditure the State incurred on the appearance of the Black Stars at the Brazil tournament.
Mr Kpasu disclosed that the government spent a total of $4,474,891.47 but noted that since this is inclusive of the loan the government extended to the GFA, it meant that government spent only $471,130.39.
“In all government spent $4,474,891.47 dollars. How­ever this includes the loan that we gave to the GFA which totaled $4,003,751.08, so in effect the government actually spent $471,130.39 on the World Cup”, he told the Com­mission.
This current information flies in the face of earlier reports which had put the figure in the millions and which generated a huge furore over how millions of dol­lars of State funds were spent on the World Cup, but which had resulted in a disappointing outing compared to the two earlier World Cup appearances.
The figure put out by the Ministry also suggests that the State spent far less on the 2014 World Cup, compared to the 2006 and 2010 World Cups where government spent $16.9million, according to accounts rendered by then Minister Clement Kofi Humado to Parliament in June 2012.
Credit: Daily Guide

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