Ghana football body to set up endowment fund

The Ghana Football Association (GFA) has established an endowment fund to cater to former national team footballers.

The fund will support retired national team players at all levels, both male and female, who were not blessed with the riches that professional footballers of today take for granted to ensure that they live decent lives, reports Xinhua.

Announcing the programme on Monday,GFA president Kwasi Nyantakyi said the fund is also expected to bring relief to current local and foreign players, pledging the body's commitment to raising funds to sustain the initiative when it is officially unveiled in March next year.

A five-member Board of Trustees has been formed and tasked to oversee the raising of funds and also manage the funds to cater for retired footballers.

A Senior lecturer of Communications Studies at the University of Ghana, Kwame Karikari who chairs the Board assured the footballing public that his team will work to ensure the success of the programme.

"I deem this as a national assignment we assure you that we will do everything to make this successful," he said.

Other members of the Board include Ibrahim Sunday, president of the Ghana retired footballers association and 1971 Best African footballer, Eric Ashitey (a chartered accountant), Kwaku Eyiah of the GFA and Seth Osei Agyin, the sports director at the Ministry of Youth and Sports.