GNPC Spells Out Sponsorship Contract For Ghana Black Stars

The Ghana National Petroleum Corporation wishes to announce to the general public that after several months of consultations, it has concretized its decision to be the Headline Sponsor of the Black Stars to the tune of USD 3million each year.

The duration of the sponsorship is between 3-5 years, subject to annual renewal

To ensure that this relationship becomes very successful, the two institutions have agreed on the following;

• Operate a joint account called 'The Black Stars Trust' with signatories from both institutions

• Form a six (6) member Joint Implementation Committee (JIC) (with three representatives from GNPC and three members of GFA) to oversee and ensure the smooth running of activities and furnishing both parties with reports

Why is GNPC coming on board as a Headline Sponsor?
1. This sponsorship agreement is in consonance with GNPC's vision is to be a world class global oil and gas company whose operations have a profound impact on the people of Ghana. This association with the Black Stars underlines the global nature of our common vision of competing successfully on the global stage in a manner that impacts Ghanaians positively and profoundly. According to Nana Boakye Asafu-Adjaye, Chief Executive of GNPC, “The business case for supporting the Black Stars brand was not a difficult one.

The Black Stars are a potent vehicle for projecting GNPC's brand as a dependable partner in oil and gas exploration globally. The Black Stars are a perfect fit for GNPC. We both aspire to compete successfully on the global stage in a manner that impacts Ghanaians positively and profoundly”.

2. GNPC and the Black Stars are already very attractive brands with common histories; both formed as national vehicles under Ghanaian Management affirming our common belief, as espoused by our First President, Dr. Kwame Nkrumah that the Ghanaian is capable of managing his own affairs. It is noteworthy that at this time of Ghanaian sponsorship, the National Team is coached by a Ghanaian and Managed by Ghanaians.

3. The inspirational power of football is incredible. We therefore want young boys and girls who follow the game and who are looking for role models to see the National Team and its members as such and also draw lessons about good leadership and teamwork from them.

4. The unifying potential of football cannot be over emphasized. This is manifested in the way the whole country virtually comes to a standstill any time the Black Stars engage in an international assignment. Simply put, football is a unifying force to reckon with. And supporting the Black Stars is also a way of contributing to national unity and harmony, 'a happy nation is a wealthy nation'. GNPC is very proud to be part of this feat.

5. His Excellency the President's confidence in the Team resonates with us and we expect that with this Headline Sponsorship the Black Stars will “Go for the Gold" at this African Cup of Nations tournament, go beyond the semi-finals in the 2014 World Cup and win the 2015 African Cup of Nations.

The Ghana National Petroleum Corporation is still committed to the Corporate Social Responsibility projects it is undertaking either on its own or in collaboration with its partners in various parts of the country.

Signed
Eric Pwadura
Ag. Head, Corporate Affairs

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