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First Capital Plus rescues Premier League with $10million sponsorship

By:  Kweku Zurek & Bernard Neequaye / Daily Graphic / Ghana | Wednesday, 05 February 2014 07:00 | Category: Sports News
•Mr John Kofi Mensah (in red tie) presenting a dummy cheque to Mr Kwesi Nyantakyi (2nd right), while Mr Elvis Afriyie Ankrah (3rd right), Minister of Youth and Sports, Mr Abra-Appiah (left) and others look on. •Mr John Kofi Mensah (in red tie) presenting a dummy cheque to Mr Kwesi Nyantakyi (2nd right), while Mr Elvis Afriyie Ankrah (3rd right), Minister of Youth and Sports, Mr Abra-Appiah (left) and others look on.

After four months without a title sponsor, the Ghana Football Association (GFA) Tuesday signed a five-year deal worth $10 million with First Capital Plus Bank for the sponsorship of the Premier League.

First Capital Plus Bank is  now the headline sponsor of the Premier League and the competition will now be known as the First Capital Plus Premier League.

The deal, which was officially launched at the bank’s head office on the Spintex road, runs till 2019. 

Mr John Kofi Mensah, CEO of First Capital Plus, said his outfit decided to share the bank’s  profit with Ghanaians through the sponsorship of football, which is the passion of the nation.

 The deal will guarantee the GFA $2-million-a-year instalments, in which 25 per cent of the amount each will be paid in the first and second quarters of the year with the remaining 50 per cent  paid in the last quarter.

The GFA president, Kwesi Nyantakyi, thanked the bank saying “you came in at a very critical time... and the GFA will do everything to give you the exposure you deserve.”

The official logo for the First Capital Plus Premier League was unveiled and the bank showed its commitment by presenting a cheque for $500,000 for the first instalment.

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