There have been some reports that the bank is holding onto about two million dollars in bonuses and financial rewards due the team after playing at the 2010 World Cup in South Africa which ended in July.
But the central bank insists they had long demanded the account numbers of the players since it could not pay the amounts in cash.
According to a statement released by the Bank on Wednesday November 1, paying the players in cash when the amount is more than US$10,000 is against banking practices.
“The Bank states that it serves customers in accordance with the Bank’s operational guidelines and that it is against
prudent operational practice to make payments to individuals in excess of $10,000.00 (Ten thousand dollars) in over-the-counter transactions,” the statement read.
“Accordingly, the Bank has informed the Ministry of Youth and Sports that the Bank would pay the foreign exchange amounts in question either to the bank accounts of the Black Stars players, or by cheques drawn on the Bank’s external account. This is in line with international best practice and with various security considerations.
“The Bank has therefore requested the Ministry to furnish it with a list of the names of the players and the respective amounts to each player to enable it to make the payments. The Bank is still expecting a response from the Ministry.”
Members of the Black Stars, who reached the quarter-final stage of the 2010 World Cup, is owed a total of US$ 2 million which includes $1.4 million as appearance fee for the Uruguay match and the Presidential reward package of US$ 600,000.
Each player is to receive at least $50,000.
Source Citifmonline
