20100704
africanews

The Ghana Football Association (GFA) will receive a whooping US$14 million for reaching the quarter finals of the 2010 FIFA World Cup in South Africa. In addition, the Ghana FA has already received one million dollars from FIFA as participation fee.

This brings the total money generated from the competition by the GFA to US$15 million aside other expected monies from television rights among others.

The Black Stars were kicked out of the competition by Uruguay on a 4-2 penalty shoot out, after the game ended one all, during regulation time. According to FIFA, US$14 million represent the total money earned by participating national teams for playing at the stage of the competition.

Ghana will have earned a minimum of US$18 million and a maximum of US$30 million had the Stars progressed to the last four of the competition.

According to FIFA, the ultimate winner of the competition will go home with US$30 million, with the second place team receiving US$24 million, whilst the third and fourth place teams would take home US$20 and US$18 million respectively.

The Black Stars achieved the feat of Cameroon and Senegal by reaching the quarter finals of the competition.

Cameroon and Senegal reached the same stage in 1990 and 2002 respectively, and the Stars were seeking to surpass that stage, but failed after their first half goal by Sulley Muntari was cancelled in the second half by Uruguay.

A 120th minute penalty awarded to Ghana, was wasted by Asamoah Gyan, when his shot hit the cross bar.