Ghana Oil Company Limited has announced a cash sponsorship deal of GHc 480,000 each for the country’s two biggest clubs Hearts of Oak and Asante Kotoko.
This was revealed at the company’s Executive Centre in Cantonments, Accra on Friday morning.
GOIL will make a monthly salary of GHc 40,000 to each club for a 12-month period.
Managing Director of GOIL Patrick A.K Akorli confirmed by saying: "We are going to start by helping d traditional Giants in the country with the hope that Ghanaians will support us with their purchasing power.
"At the end of every month, we will support the clubs with GHc 40,000 per club for 12 months."
The ceremony precedes the Ghana Premier League derby clash at the Accra Sports Stadium on Monday.
Watch the signing ceremony between GOIL and Hearts of Oak: