$2.5m World Cup money hits Ghana FA account, $8m more to follow

The Ghana Football Association (GFA) has received $2.5m being advance payment from FIFA for the Black Stars participation in the 2022 World Cup in Qatar this Month as its prize-money.

The $2.5m deposit formed part of the $10.5 million participation fee earmarked for countries which will show up at the Qatar tournament from November 20 to December 18. However, all the teams also stand a chance of earning more money from the total Prize Money Fund of $440 million to be distributed among 32 teams according to how they finish in the tournament.

FIFA announced the total prize money fund for the World Cup with a massive increase of 29 per cent, taking the total to $1 billion. The remaining $660 million will be used as solidarity payments for less developed federations, clubs’ benefit and club insurance/player protection plans.

The $1 billion package is allocated for distribution among football federation around the world who have qualified for the mundial and those who failed to do so. However, the actual prize money available for the final tournament in Qatar is $440 million, $40m more than the 2018 World Cup finals in Russia.

The biggest increase in this world Cup payment and the distribution pyramid comes in the money to be distributed as solidarity payments and insurance payments to clubs whose players will be playing the World Cup or the ones who get injured.