• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

AFCON 2023 Diaries: A look at how prize money has evolved over the years

2 years ago
in Features, highlights, Home, home-news, latest News, Lifestyle, Sports
2 min read
0 0
0
84
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

AFCON 2023 Diaries: A look at how prize money has evolved over the years

When Kalidou Koulibaly lifted the coveted Africa Cup of Nations trophy in 2022, there was euphoria in Senegal.

After failing in 2019, the Teranga Lions had finally done it, besting the Pharaohs of Egypt on penalties and in turn, left Cameroon with a $5 million cash prize.

Two years on, another AFCON tournament beckons. This time, the prize money for the winner has seen a significant boost. $7 million will be awarded to the team that conquers the rest, a 40% increase compared to the previous edition.

But how does this figure stack up to the five editions prior?

At Ivory Coast, the runner-up in the AFCON will receive $4 million, the two other semi-finalists will take home $2.5 million each whilst each of the four other quarter-finalists will each earn $1.3 million.

In total, these figures amount to $21.3 million in prize money for teams who finish in the top eight.

RelatedPosts

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

In Cameroon, Egypt were awarded $2.75 million for finishing runners-up whilst the Indomitable Lions of Cameroon and Burkina Faso received $2.2 million for finishing in the semis.

$1.8 million each were given to Tunisia, Equatorial Guinea, Gambia and Morocco after they were all knocked out in the quarter-finals. Hence, $19.35 million was made available to the top eight in the previous edition.

One other thing that stands out apart from the increment in the winner’s prize money is the decrease in earnings for quarter-final placed teams.

Tunisia, Equatorial Guinea, Gambia and Morocco would note that it is more rewarding to reach the semi-finals of the tournament now than it did the last time out.

Prize money for winners from 2013

After winning the trophy for the third time in their history, Nigeria were awarded $1.5 million in 2013. Two years later, Ivory Coast took the same amount after a penalty shootout victory over Ghana.

Cameroon enjoyed a $2.5 million increase in 2017, taking the prize money to $4 million. Algeria earned $4.5 million after beating Senegal and the Teranga Lions went one better to earn $5 million in early 2022.

With the winner now set to earn $7 million, it signifies an increase of over 300% from 2013.

For Ghana during this period, they came closest to the highest prize money in 2015, narrowly losing to Ivory Coast.

Since then, the Black Stars have had to settle for semi-final endings until 2019 when they were knocked out by Tunisia in the round of 16 and 2021 when they recorded their worst-ever AFCON appearance, failing to win any of their three group games.

The marker has now been set. $7 million is the goal if they want to win it all. To Ghanaians, the bragging rights that come with clinching that trophy after 42 years of failing might be more satisfying.

The race is on.

Tags: AFCON 2023 Diaries: A look at how prize money has evolved over the years
No Result
View All Result

Highlights

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Trending

Business

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

October 21, 2025

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks Ethiopia has officially moved closer...

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

October 21, 2025

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

October 21, 2025

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

October 21, 2025

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.