The GFA said it would cooperate with any investigation.
The Ghanaian government has chose to dissolve the country's football association after claims, in an undercover documentary, of bribe-taking by referees and kickbacks to top officials.
Minister for Youth and Sports Isaac Asiamah has disclosed that government has dissolved Ghana Football Association (GFA), following the premiering of Anas exposé to unravel rots in Ghana football.
"This is by no means an admission of wrongdoing for issues on the video", Mr. Nyantakyi said in a statement sent to the GFA General Secretary on Friday.
They will also drop out of the U20 World Cup.
"It stemmed out of the controversies generated by investigative report of Tiger Eye PI", he added.
FIFA responded earlier on Friday by banning Nyantakyi from "all football-related activity" for 90 days pending an investigation with a possible further suspension of up to 45 days.
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The football chief said "scammers" had "deceived me into thinking they were genuine persons interested in investing in our country".
Specifically, Nyantakyi requested $5 million for Akufo-Addo, $3 million for Vice President Mahamudu Bawumia, $2 million for the roads minister, $1 million for a deputy roads minister and another $1 million for him and one of his aides.
On Thursday, the government of Ghana began action to dissolve the GFA "as a result of the pervasive nature of the rot within the GFA".
The two-hour documentary, When Greed and Corruption Become the Norm by undercover journalist Anas Aremeyaw Anas, was provided to the authorities last month before being screened in public for the first time on Wednesday.
Ghana, who have played at three previous World Cups, missed out on the this year's tournament which starts in Russian Federation on June 14.
Any FIFA ban could also affect the under-17 women's team, who are preparing for the U-17 World Cup; top club Aduana Stars, who are participating the CAF Confederation Cup; and the men's national team, who are due to play in three African Cup of Nations qualifiers later this year.