Majority leader in parliament Osei Kyei Mensah-Bonsu has condemned the state’s petroleum firm GNPC over their use of a 30% of the national kitty on sponsorship to the football sector.
The legislator has questioned GNPC’s decision to pump a huge sum of its investments into sponsoring the Black Stars and paying huge sums to its coaches at a press briefing on Tuesday.
GNPC signed a five-year deal with the Ghana FA in 2013 to become the headline sponsor of the Black Stars in a three million dollar deal, but the politician thinks it is waste of resources.
“On our oil money, many people will agree GNPC’s allocation is not sustainable. We are therefore going to divert some of their allocations to other very productive ventures in the country.
“GNPC cannot just be using government funds to sponsor supporters of the Black Stars, fat salaries for coaches et al and I think this is not the way to go”, he told pressmen,
Meanwhile, newly appointed Chief Executive Officer of GNPC, K.K Sarpong, has promised to divert a chunk of the money into other sectors of football during his reign.