Kotoko CEO Nana Yaw Amponsah Urges GFA To Save For The Future

The Chief Executive Officer of Asante Kotoko, Nana Yaw Amponsah, has implored the hierarchy of the FA to consider the consequence of the COVID-19 pandemic and begin to save for the future.

The leadership of the country's football governing body have come under criticisms following the approval of the monthly allowances for the President and the Executive Council members.

Contributing to a debate on the projected expenditure of the association at the 26th Ordinary Congress at Prampram last Tuesday, the football administrator said it would not be prudent for the association to expend all the budgeted expenditure without a surplus.

“I observed that in the last budget we had a deficit and in the current proposed budget, total budget revenue is estimated at GH¢71,642,158.44 and then total budgeted expenditure is also GH₵71,642,158.44.

“For me, as an association we should be working towards saving for the future, considering what COVID-19 has done to us. If you look at the total budgeted expenditure, it is the same as the total budgeted revenue, so it smacks of an intent to spend every pesewa that we bring in and I don’t think it’s good for an association such as ours”.

He further advised that instead of expending everything in the budget, the FA leadership should consider some cost-cutting measures in order to save part of the budgeted revenue for the future.

“I’d admonish the leadership to try and at least save about GHc5milion or GHc10 million this year on the proposed expenditure so that going forward we can build some good revenue in our account for the future rather than thinking of spending everything that comes in,” he cautioned.