Ghana Oil Company (GOIL) have renewed sponsorship deal with Ghana Premier League giant Asante Kotoko.
The contract was renewed for one more year after successful talks between the two parties on Friday.
The new sponsorship deal will see Asante Kotoko pocketing a whopping GH¢ 50,000 monthly.
According to official announcement from the club, the amount will be spread in both products and cash component.
An initial two-year deal expired last year, and the new one, according to Kotoko, worth GH¢10, 000 more than the former which stood at GHc 40,000.
The new agreement was signed at a meeting between officials of the two parties with the Chief Executive Officer George Amoako; General Manager, Nana Kwasi Gyambibi; Greater Accra Representative, Edmund Ackah and his Deputy, Nana Kwame Dankwah representing Kotoko.
GOIL, on the other hand, was represented by Managing Director, Kwame Osei Prempeh; Chief Operating Officer, Alex Adzew; Head of Corporate Affairs, Benjamin Ocansey and Public Relations Manager, Robert Kyere.
The new sponsorship deal would help Kotoko in the ongoing 2019/2020 season as it will relieve Management of the club some critical expenditure.