President Kurt Edwin Simeon-Okraku has announced the prize money for the 2023/24 betPawa Premier League with the winner set for an amount of Five Hundred Thousand Ghana Cedis (GHc 500000).

The big announcement was made on Tuesday during the launch of the 2023/24 season at the Eastern Premier Hotel in Koforidua.

This seasons prize money is an improvement over what was received by Medeama SC last season.

President Simeon-Okraku said the decision to increase the prize money is to make the betPawa Premier League competitive.

“To increase the competitiveness of the League, the Ghana Football Association will reward from the 1st to the 10th positions in the 2023/24 betPawa Premier League season”

Aside the prize money for the winning team, the Executive Council has also instituted a reward package for teams that finish in the top 10.

President Simeon-Okraku also announced a special support package for clubs that participate in the CAF Interclub competitions beginning from the 2024/25 season.