The Ministry of Youth and Sports (MoYS) has promptly addressed the concerns raised by former Black Stars coach CK Akonnor regarding his unpaid salaries and compensation.
Minister Hon. Mustapha Ussif, during his Meet-The-Press session last week, confirmed that a payment of $100,000 had been made towards Akonnor’s outstanding balance as head coach of the Ghana national team.
However, Akonnor disputed the claim and questioned the dollar value of the payment he had received in cedis.
I never received $100k after my Black Stars termination – CK Akonnor
In light of the coach’s counterclaim, the Sports Ministry felt compelled to provide a detailed breakdown of their payment transactions thus far in accordance with the agreement reached between Akonnor and the Ghana Football Association (GFA).
According to their records, CK Akonnor has already been paid a total amount of $508,108.12, leaving an outstanding balance of $220,000.
This indicates that a total amount of $728,108.12 is currently being processed for payment to the coach.
However, it is important to note that FootyGhana questions the accuracy of these claims made by the Sports Ministry: Discrepancies in Transaction Payments: Unraveling the CK Akonnor Debt
Introduction:
In the world of finance, numbers are expected to add up accurately, leaving no room for discrepancies or errors. However, when we delve into the transaction payments made to CK Akonnor, the former coach of the national team, it becomes apparent that the figures do not align with the reported total amount. This essay aims to shed light on the inconsistencies surrounding the payment records and explore the apparent debt owed to CK Akonnor, questioning whether the reported figures are indeed accurate.
Sports Ministry details payments to owed Akonnor; debt lowered to $220,000
The Discrepancies in Transaction Payments:
Upon analyzing the dollar figures presented under the transaction payments, a total of $238,108.12 is obtained. However, the Ministry of Youth and Sports (MoYS) claims to have paid CK Akonnor a sum of $508,108.12. This leaves a significant disparity of approximately $270,000 between the reported payment and the actual figures. Such a discrepancy raises concerns about the accuracy and transparency of the information provided by the MoYS.
CK Akonnor’s Reported Demands:
To gain a comprehensive understanding of the situation, it is essential to consider CK Akonnor’s reported demands or claims. These include 12 months of unpaid salary amounting to $300,000, the remaining contract for five months valued at $125,000, and an unjustifiable termination compensation demand of $50,000. Adding these figures together results in a total of $475,000, which CK Akonnor should have received if all the reported demands were legitimate.
UPDATE: Paid only 7 times, Akonnor owed $425,000 in outstanding salaries
Unexplained Discrepancies:
Given that the MoYS claims to have paid CK Akonnor a total amount of $508,108.12, questions arise as to why a significant debt of $220,000 is still owed to the former coach, according to the MoYS statement. This discrepancy raises doubts about the accuracy of the reported figures, as the total payment should have been sufficient to cover CK Akonnor’s reported demands, leaving no outstanding balance.
Possible Explanations and Inconsistencies:
One possibility is that there are undisclosed or additional payments made to CK Akonnor that are not reflected in the provided transaction records. This could account for the inflated payment figure and the outstanding debt. However, without access to detailed financial records, it is challenging to ascertain the accuracy of this assumption.
Another potential explanation is that the MoYS has made errors or omissions in reporting the transaction payments. It is not uncommon for mistakes to occur in financial statements or reports, especially when dealing with significant sums of money. Such errors could result from human error, technical glitches, or miscommunication between departments responsible for managing financial records.
Conclusion:
The discrepancies in the transaction payments made to CK Akonnor raise concerns about the accuracy and transparency of the information provided by the MoYS. The reported figures do not align with the total payment amount, leaving a significant outstanding debt that seemingly contradicts CK Akonnor’s reported demands. It is crucial for the MoYS to address these discrepancies and provide a clear and transparent explanation regarding the inconsistencies in the payment records. By doing so, they can foster trust and uphold accountability in financial transactions, ensuring that debts are accurately reported, and discrepancies are resolved.
Over $700,000? Ghana can’t owe CK this much!