CAF raises annual financial support for 54 member associations to $700,000
CAF has increased annual financial support for each of its 54 member associations from $200,000 to $700,000, meaning the Ghana Football Association is expected to receive $700,000 a year. The increase adds $500,000 per federation and is intended to strengthen football administration and development across Africa. CAF president Patrice Motsepe announced the increase at the […]
CAF, the Confederation of African Football, has raised its annual financial support for all 54 member associations from $200,000 to $700,000, bringing Ghana's expected allocation to $700,000 per year. This $500,000 increase per federation aims to bolster football administration and development across Africa. At a strategy conference in Sal, Cabo Verde, from October 7 to 9, CAF president Patrice Motsepe unveiled the increase, which will amount to $37.8 million annually for the confederation's 54 associations, up from $10.8 million previously.
The new funds are intended to enable national federations to enhance day-to-day operations and financial stability, invest in grassroots and school football, develop youth programs, academies, and women's football, and strengthen domestic leagues, coaching, and refereeing. Motsepe also announced CAF's ambition to raise the annual allocation to $1 million per association through new commercial partnerships, though the implementation timeline and conditions remain unspecified.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
