Skip to main content

Stanbic Bank Commits GHS 3 Million to Support Black Stars’ World Cup Campaign

Stanbic Bank Ghana has announced a GHS 3 million commitment to support the Black Stars of Ghana in their FIFA World Cup 2026 campaign, which will be hosted across the United States of America, Canada, and Mexico. The announcement was made at a presentation ceremony at the Ministry of Finance at Kanda in Accra. The contribution makes Stanbic Bank one of Ghana’s most significant private-sector backers of the national football team ahead of the country’s anticipated return to the world’s biggest football tournament.

Stanbic Bank, Black Stars, World Cup 
Kwamina Asomaning, Chief Executive, Stanbic Bank Ghana, presenting cheque to Hon. Thomas Ampem Nyarko, Deputy Minister for Finance.

The GHS 3 million pledge is deliberately structured to blend immediate encouragement with performance-driven motivation. An initial GHS 1.5 million will be presented upfront as a bonus on bonus for the playing body while the remaining GHS 1.5 million will be unlocked the moment the team advances to the knockout rounds of the competition. Stanbic Bank has also built a social safety net into the commitment: in the unlikely event that the knockout stage is not reached, the bank has requested that the World Cup 2026 Fundraising Committee, working alongside the Black Stars Management Team, identify a charitable cause into which the funds will be directed. This, according to the bank, is to ensure that every pesewa of the GHS 3 million ultimately serves the country, whether on the football field or within communities across the country.

Speaking at the ceremony, Kwamina Asomaning, Chief Executive of Stanbic Bank Ghana, reaffirmed the bank’s deep-rooted commitment to Ghana’s development on and off the pitch. He noted that, “Football in Ghana is more than a sport. It is a powerful symbol of unity, pride, and national identity. It brings together people from all walks of life, across regions, generations, and backgrounds under one flag and one shared hope.”

For Stanbic Bank Ghana, the Black Stars represent the very spirit of Ghana – resilient, determined, and full of potential. Every time the team steps onto the pitch, they carry the aspirations of millions of Ghanaians at home and across the globe. At Stanbic Bank, we are more than a financial institution: we are a trusted partner in Ghana’s development journey. Today, we extend that commitment to the Black Stars,” Asomaning added.

Asomaning also mentioned that Stanbic Bank’s investment in the Black Stars is not an isolated gesture but part of a sustained and intentional commitment to sports development across Ghana. The bank has previously contributed to the growth of table tennis, tennis, arm wrestling, and swimming, disciplines that, like football, embody discipline, excellence, and national pride. “These investments reflect our belief in the transformative power of sports to nurture talent, instil discipline, and build national pride,” he said.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...