The Ghana Football Association has been handed $260,000 as preparatory money for the Africa Cup of Nations to be staged in Egypt later this year.

This comes after the Confederation of African Football (CAF) paid $260,000 to all the countries participating in the 2019 AFCON to finance their preparations for the tournament which kicks off on June 21.

The aim of the advance payment is to help federations or associations with smaller budgets to meet the expenses of their preliminary preparations.

It is however not free money and are only advanced payments as the amounts will be deducted from the premiums to be received by each country at the end of the tournament.

The premiums range between US$ 4.5 million for the eventual champions and US$ 475,000 for the teams that will be eliminated at the group stage.