Prime News Ghana

CAF increases AFCON prize money by 40%

By primenewsghana
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The Confederation of African Football (CAF) have increased the prize money for teams participating at AFCON 2023 in Côte d'Ivoire.

The new prize money for eventual champions of the AFCON 2023 is $5 million - a $2 million increase from the previous prize in the 2023 edition.

The Runner-up of the competition will now get $4 million. Each of the two semi-finalists will receive $2.5 million and each of the four quarter-finalists will receive $1.3 million.

In September 2023 CAF increased the AFCON prize money from $4.5 million to $5 million, while the second runner-up also moved from $2.5 million to $2.75 million.

The President of CAF Dr Patrice Motsepe said: “CAF has made significant progress over the past two years in increasing the Prize Money of the AFCON and all its other major competitions. We have increased the Prize Money of the AFCON Winner to USD 7 000 000 which is a 40% increase from the previous AFCON Prize Money. I am confident that a portion of the Prize Money will contribute to developing football and also benefit all the football stakeholders, as well as assist our Member Associations with their administrations.”

AFCON 2023 commences on Saturday, January 13, 2023, with Cote d'Ivoire hosting the finals for the second time.