Ghana has dissolved its football association following a BBC "Africa Eye" documentary exposing corrupt football officials in West Africa.
The football chief said "scammers" had "deceived me into thinking they were genuine persons interested in investing in our country".
The video also showed Nyantakyi offering to facilitate the award of key government contracts to the businessman on conditions that he paid kickbacks totalling $12 million through him to top officials including President Nana Akufo-Addo. "This is by no means an admission of wrongdoing for issues on the video".
President Akufo-Addo has since reported the conduct of Mr. Nyantakyi to the Criminal Investigations Department and has been subsequently charged with defrauding by false pretense. Nyantakyi also has a role within FIFA's council, who are believed to be monitoring the situation. During this time, Mr Nyantakyi is banned from all football activities at both national and worldwide level (administrative, sports or any other).The ban comes into force immediately.
The minister said, "The documentary exposes the gross malfunctioning of the Ghana Football Association (GFA), characterized by widespread fraud, corruption and bribery".
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According to a statement signed by the country's Information Minister, Mustapha Amid, the government expressed indignation at the contents of Anas' video.
However, Sports Minister, Isaac Asiama, said the association had been "dissolved with immediate effect".
The statement added that the government will announce provisional measures to govern football until a new body is formed, and that it would inform FIFA and the Confederation of African Football of its decision.
Ghana's U-20 team also won a historic World Cup under his reign.
Football is Ghana's national sport and the revelations have sent shockwaves through the country, just under a week before the start of the World Cup finals in Russian Federation, for which they failed to qualify.