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August 11, 2026
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‘Support Kotoko Board or their wives may advise them to quit’ – Sarfo Duku
Money
Opportunity
Growth
Key Points
- Former Asante Kotoko Communications Director Sarfo Duku warns that the club's Board of Directors may resign without stronger financial backing from supporters.
- Duku highlights the immense financial demands of running a major football club, stressing the crucial need for external support, sponsorship, and fan contributions.
- He emphasizes that low fan attendance negatively impacts gate proceeds and the club's attractiveness to potential sponsors, hindering its ability to recruit quality players.
- Duku specifically points out the personal financial strain on board members, suggesting their wives might advise them to step down.
- He urges supporters to actively engage in revenue-generating initiatives like the "Fabu Census" project, which facilitates monthly financial contributions.
Why This Matters
Asante Kotoko is one of Ghana's most iconic and widely supported football clubs, making its financial stability a significant indicator of the health of professional sports management in the country. Challenges faced by such a major institution can reflect broader systemic issues in sports financing, fan engagement, and private sector involvement within Ghana, potentially impacting the development and competitiveness of other clubs and the national football league.
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GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
- The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
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Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.