Ghana Oil Company (GOIL) have renewed sponsorship deal with Ghana Premier League giant Asante Kotoko.
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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.
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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.
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The new sponsorship deal would help Kotoko in the ongoing 2019/2020 season as it will relieve Management of the club some critical expenditure.