World soccer governing body, FIFA has appointed GFA President Kwesi Nyantakyi as a member of the board to steer the affairs of its newly established foundation, the FIFA Foundation.

Nyantakyi was appointed during the meeting of the the FIFA Council in Kolkata, India on Friday.

FIFA President, Gianni Infantino and FIFA Council member, Sonia Bien-Aime are the other members of the FIFA Foundation Board.

According to FIFA, the FIFA Foundation is established with the purpose of providing a solid legal and institutional basis for FIFA’s social development initiatives.

One of the core intentions of the FIFA Foundation will be to institutionalise a commitment of the FIFA Legends to engage in such activities and act as promoters of FIFA’s aims and objectives related to social development. The FIFA Foundation should be operational by the first quarter of 2018 and will initially comprise the FIFA President and two members of the FIFA Council; Kwesi Nyantakyi and Sonia Bien-Aime.

Later in the year, the FIFA Council will appoint a selection of respected personalities –from football and other areas of society –as additional members of the Foundation.

Meanwhile, the FIFA Council has also approved an increase in the prize money for the 2018 FIFA World Cup Russia to a total amount of USD 400 million — 12% up from the USD 358 million of the 2014 edition.

The council also approved the following:

Approval of the following FIFA tournament dates: FIFA U-20 Women’s World Cup France 2018: 5 to 24 August 2018 FIFA U-17 Women’s World Cup Uruguay 2018: 13 November to 1 December 2018 FIFA Club World Cup UAE 2018: 12 to 22 December 2018 FIFA Women’s World Cup France 2019™: 7 June to 7 July 2019 Adoption of the International Match Transfer System for professional women’s football as of 1 January 2018. The regulatory mechanism will enable FIFA to monitor the international movements and transfer market, bringing more transparency to the women’s game and enhancing its level of professionalism. Recognition of all European and South American teams that won the Intercontinental Cup – played between 1960 and 2004 –­­ as club world champions.