The Ghana League Clubs Association (GHALCA), will take over the financial responsibilities in this year’s President Cup and other matches to be played in subsequent years.
The President Cup is played annually on Republic day (July 1) in honour of the sitting president, thus, government finances the organisation of the match.
However, the new executive council, headed by Kudjoe Fianoo, as part of its changes to the association, wants to take over the financial burden from the state.
Sources say the purpose of organising the competition was not to drain the public purse, but honour the President.
GHALCA are on the market for sponsors for this year’s cup, and the feedback from corporate bodies approached to sponsor the match has been positive.
MultiCredit, one of the financial institutions which was approached about a month ago, has confirmed their readiness to be the headline sponsor.
Other corporate bodies (names withheld because they gave ‘verbal assurances’) are likely to confirm their support for the competition in the coming days.
This year’s President Cup will see other clubs in some regions in the country, play each other on the Republic Day.
However, the main centre of attraction will be at the Accra sports stadium as the two most fiercest rivals, Hearts of Oak and Asante Kotoko square on the same day.
GHALCA To Finance Prez Cup
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