Nana Yaw Amponsah will not be stepping down as the CEO of Kotoko, the club has announced.

Kotoko has through a post on their social media platforms cleared the air on the rumours that the club’s CEO, Nana Yaw Amponsah will be forced to resigned.

News of Nana Yaw being forced to resigned started trending after Phar Rangers, a club he formed and was the President until he was appointed Kotoko CEO was handed a 5-year ban from football today.

“That the Shareholders and Directors of Phar Rangers FC on the records are hereby also banned from all football activities for a period of five (5) years effective from this 2020/2021 football season in accordance with Article 13(3) of the GFA Division One League Regulations,” the ruling from the Disciplinary Committee of the GFA read on Wednesday.

Kotoko in a post on their social media posted a photo of Nana Yaw with the caption “Gye Nyame” meaning “Only God” can end his reign as the CEO of the club.