Abedi Pele Ayew, affectionately known as "Pele" is an ambassador for the 2010 FIFA World Cup.
Weekend reports alleged that Mr Ayew was involved in the match fixing scandal after his club, FC Nania won against Okwahu United 31-0 in a league game in March.
Chief Executive Officer of the 2010 LOC, Danny Jordaan on Monday said the committee has sent a letter to the Ghana Football Association, to establish the facts regarding the allegations.
Mr Jordaan viewed the allegations in a serious light, adding that such behaviour would not be tolerated.
He also emphasised the importance of establishing the facts before a decision could be taken.
"It is a matter for the Ghana Football Association to investigate, as it happened there.
"We will wait for a response from them before we can take any action," Mr Jordaan told the media.
Mr Ayew serves as the 2010 FIFA World Cup ambassador along with, Cameroonain football wizard Roger Milla and South African soccer greats such as former Bafana Bafana defenders Mark Fish and Lucas Radebe.
Tumi Makgabo, the LOC's media officer told BuaNews that the allegations were serious and could put the relationship between the committee and Mr Ayew in jeopardy.
"But for now, we are waiting the response from Ghana Football Association, and then we will be able to act accordingly," she said.
During his illustrious soccer career Mr Ayew was awarded the African Footballer of the Year three times.
The 43-year-old boasts 67 national team caps and has maintained his spot as the top goal-scorer in Ghana's 50-year football history.