GN Bank Limited, a wholly-owned Ghanaian financial institution, is the headline sponsor of Ghana?s Division One Football League from 2015/16 football season to the end of 2017/18 football calendar.
GN Bank is a member of the GroupeNduom conglomerate of companies.
Under the three-year sponsorship agreementsigned between GN Bank and the Ghana Football Association (GFA) at the Coconut Grove Regency Hotel in Accra, the Bank is offering cash sponsorship of GH2.1 million for the 48 club league.
The sponsorship deal will be paid in tranches of three installments. . .
It was also unveiled at the launch that another of the GroupeNduom companies, First Digital Television, would be the official TV station for the Division One League for the three football seasons.
The clubs will receive an initial amount of GHC600, 000 for the first -2014/15; GHC690,000 for the second-2015/16 and GHC793,500for third and final season.
The General Manager in charge of Finance and Administration initialed for GN Bank while the President of the GFA, Mr. Kwasi Nyantajyi, signed on behalf of the football governing body.
In addition to the financial package, GN Bank would provide warm-up kits for all teams participating in the second tier league; bear the cost of TV production; offer coverage for the league and award players who excel in the second-tier league at the end of every football season over the three year period.
Mr. Issah Adams disclosed that his outfit chose to sponsor the Division One League in order to enhance the growth of grassrootsfootball and also help teams at that level to get the needed recognition and attention that they deserve.
He said GN Bank was not only interested in mobilizing funds for savings, but was also concerned about the growth of football, particularly at the lower divisions in the country, adding thatthe sponsorship also forms part of the bank?s corporate social responsibility of giving back to society.
The President of the GFA, KwasiNyantakyi, was grateful to GN Bank for supporting the Division One League which has seen no sponsor since 2012 and pledged that the FA would do everything within its powers to make sure that the beneficiary clubs put up the best of behaviours ?so that the DOL will no longer be known as the ?lions? den.?
Mr. Nyantakyi believed the GN Bank packagewill enhance competition at the Division One League, adding that ?the package has come as a quick relief for the FA and the Division One Clubs.?
GN Bank offers wide-range of innovative financial products and services which include GH1000 Insurance cover for savings accounts holders, employee loans, current and savings accounts, consumer and residential loan products.
The bank is in every part of Ghana with 110 branches and hopes to hit 300 branches at the end of the year.
In attendance at the press conference were Managers of other GroupeNduomcompanies, officials of GFA and the Division One League Board.