The Ghanaian government on Tuesday announced a new package meant to reduce the financial burdens for clubs participating in Caf competitions.
According to youth and sports minister Isaac Asiamah, each club playing in the Caf Champions League group stage will receive $200,000 while an appearance at the same stage in the Caf Confederation Cup will attract $150,000.
"As part of efforts to support football clubs that qualify to play in continental competitions, the ministry of youth and sports on behalf of the government has decided to boost clubs that qualify to the group stage of the Caf Champions League and Confederation Cup with $200,000 and $150,000 respectively," the minister said in a statement.
"This gesture, the government believes, would go a long way to financially cushion the football clubs in their bid to bring honour to our country while encouraging them to attain excellence in these continental competitions," it added.
Asante Kotoko, who will face Sudan's Al Hilal in the Caf Confederation Cup group stage on Sunday, will be the first beneficiary.
Goal understands that several local corporate bodies are planning to contribute to the financial package as part of their social responsibilities.