GNPC becomes headline sponsor of Black Stars with $3m deal

Jan 4, 2013 12:20:00 AM

The entity responsible for licensing activities in the petroleum sector is taking over from Goldfields Ghana Limited as the Black Stars head to the 2013 Afcon

The Black Stars of Ghana have landed a sponsorship deal as the Ghana National Petroleum Corporation (GNPC) becomes the new headline sponsor with a reported $3 million pact over a five-year period.

Ghana’s president John Dramani Mahama announced the new sponsor when the team paid a courtesy call on him at the seat of government, the Osu Castle, in Accra on Thursday to inform him about their trip to South Africa for the Africa Cup of Nations.

President Mahama failed to reveal details of the deal, but the announcement brings to end speculations that the sponsorship negotiations fell through along the way.

“I want to thank our newest kid on the block that is, our Ghana National Petroleum Council (GNPC) for coming onto the sponsorship block with a very significant package to last over a five-year period,” he told the local media. “It will help greatly in lifting the quality of our game in Ghana and I’m sure that within that five-year period, we will all see the results.”

The political leader, however, assured government will continue to financially support the four-time African champions despite the huge fiscal burden on the national purse.

“The government of Ghana will continue to be the main financier of the Black Stars. It is a burden we have to carry and we will carry it without any complains,” he said.

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