Each player of the Ghana U-20 team which won the Africa U-20 Cup of Nations in March this year received $5,000 from the Sports Ministry on Tuesday.
The coach Karim Zito and other members of the team also received the same amount.
When the team arrived from Mauritania, they paid a visit to President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra.
During the meeting, the President announced the financial reward for the Black Satellites.
The players were each promised $10,000 but the president said the money would be split into two, with $5,000 to be invested by the Ghana Life Insurance Company (GLICO) Pension Scheme for ten years. It is a policy by the ministry to provide insurance package to all national teams whenever they receive bonuses from engaging in competitions.
Almost two months later, the promise has been fulfilled. Players and technical team members were at the Ministry of Youth and Sports on Tuesday afternoon to collect their cheques.
Sports Minister Mustapha Ussif presented the cedi equivalent of individual cheques worth US$5,000 to each player on behalf of the President Akufo-Addo.
The Chairman of the Black Satellites Management Committee, Dr. Randy Abbey, on behalf of the team, expressed gratitude to the President for the reward.
Ghana won the trophy for the fourth time after beating debutants Uganda 2-0 in the final on March 6.