The Executive Council of the Ghana Football Association (GFA) has named a five-man Finance Committee with Vice President Mark Addo as Chairman.
In the exercise of its powers under Article 52 of the GFA Statutes, the Executive Council made the appointments during its meeting at Cape Coast on Thursday, November 14 by naming Mr Addo, who holds an MBA (Finance and International Business) from the Columbia University, USA to lead the ad-hoc committee.
Article 52 of the new GFA Statutes provides that “the Executive Council may, if necessary, create ad-hoc committees for special duties and for a limited period. The Executive Council shall appoint a chairman, deputy chairman and the appropriate number of members…”
Executive Council member, George Amoakoh, who has considerable knowledge in football finance, will act as Vice Chairman of the Finance Committee.
Other members are Samuel Kaye Brew-Butler, Mathew Ampofo and Gideon Fosu.
The Finance Committee’s responsibilities include:
- Cooperating with the General Secretary to prepare and submit the annual budget of the GFA.
- Ensuring compliance with the budget and financial policies of the GFA, and to make recommendations to the Executive Council.
- Reviewing the accounting and audit regime at the GFA, and to send periodic reports to the Executive Council.
- Advising the Executive Council on financial transactions and investment.