In a statement carried on the GFA website, Nyantakyi apologised "unreservedly" for "a series of errors of indiscretion" after Federation Internationale de Football Association launched an ethics investigation into his activities.
Abdul-Hamid said interim measures would soon be announced.
Youth and Sports Minister Isaac Asiamah confirmed to KweséESPN that the dissolution of the football association means that all of the football activity within the country is on hold, including the domestic league.
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He noted that Kotoko could have attacked after penalty which was taken against their team and another May 9 could have happened in Ghana Football.
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Embattled Ghana Football Association president Kwesi Nyantakyi has stepped down in the wake of recent allegations of corruption levelled against him.
What began on Thursday morning as protection from a possible violent reaction from the public to an investigative documentary on corruption in football has turned into a take over as over 30 armed police officers both plainclothed and uniformed invaded the GFA premises in Accra around 5pm on Friday.
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Nyantakyi, a member of FIFA's decision-making Council, also apologised to Ghana president Nana Akufo-Addo and the government for what he called his "indiscretion".
Ghana risks 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.
The video also showed Nyantakyi offering to facilitate the award of key government contracts to the businessman on conditions that he paid kickbacks totalling $12-million through him to top officials, including President Nana Akufo-Addo.
Nyantakyi's comes two days after Anas premiered his much talked about investigative piece on football corruption in Ghana.
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The numbers shed light on just how bad the problem is, and how many loved ones were left blindsided. According to CDC data , suicide increased among all sexes, ages, races and ethnic groups .