"The GFA dissolved", the Sports Ministed is quoted to have told Joy FM.
According to Kwesi Nyantakyi, who resigned as FA Boss on Friday, he was deceived by people who he thought were genuine and could actually invest in the country.
The President of the Association was filmed collecting $65,000 from "investors" to influence the president and vice-president to get road contracts.
The Ghanaian government has begun a process to dissolve the national soccer body, Information Minister Mustapha Abdul-Hamid said on Thursday.
Below is the full statement from the President of Ghana.
Federation Internationale de Football Association has not yet commented on whether any action will be taken over the government's plan to dissolve the GFA.
The two-hour documentary, "When Greed and Corruption Become the Norm", is the work of undercover journalist Anas Aremeyaw Anas and Wednesday's public viewing was the first since it was released to the authorities last month.
Ghana also risk being suspended from the 2026 World Cup hosting vote next week, when it had been expected to vote for fellow African country Morocco against the joint bid of the United States, Canada and Mexico.
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.
The investigation, by controversial journalist Anas Aremayaw Anas, invited Mr Nyantakyi to a luxury hotel in the Middle East with the promise of meeting a wealthy businessman it said was interested in a sponsorship deal with the GFA. In one clip, Range Marwa, a major global referee from Kenya is seen taking $600 from a man reportedly posing as a Ghanaian official.
They will also drop out of the U20 World Cup.
The GFA President, ahead of his resignation, was banned from all football-related activities for 90 days by the world football governing body, FIFA.