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.
"I hereby apologise unreservedly to the father of the Nation, H.E. Nana Akufo Addo, H.E. the Vice President, Dr. Mahamadu Bawumia, Hon. This is by no means an admission of wrongdoing for issues on the video".
The football chief said "scammers" had "deceived me into thinking they were genuine persons interested in investing in our country".
Federation Internationale de Football Association said on Friday it was suspending Nyantakyi for 90 days.
The GFA said it would cooperate with any investigation.
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.
And the government of the Republic of Ghana Akufo-Addo who was even mentioned in the video by the GFA president in his quest to use his name to collect monies from investors is taking steps to dissolve the Ghana football governing body the the rots that have engulfed it.
Abdul-Hamid said interim measures would soon be announced.
Asiamah said the decision had been a hard one to take, and is aware that it is likely to trigger some sort of action from world football's governing body FIFA, who strictly forbid the interference of government in the national federations.
"I wish to apologise to my family, work colleagues, friends, associates and the people of Ghana for the disappointment my indiscretion has caused them". In one clip, Range Marwa, a major worldwide referee from Kenya is seen taking $600 from a man reportedly posing as a Ghanaian official.
Many, after watching the premiere of the investigative piece, called on the football kinpin to resign but Mr. Mornah contends that the call for the resignation of Mr. Nyantakyi is misplaced.