Zylofon Cash which is one of the companies owned by the CEO of MenzGold Ghana Ltd, Nana Appiah Mensah signed a deal reported to be in the region of $10 Million for five years with the Ghana Football Association to sponsor the Ghana Premier League.
However, the Ghanaian topflight league came to a halt, after the Number 12 expose’ by multiple award winning journalist, Anas Aremeyaw Anas unraveled several rots about the beautiful game in Ghana.
It is believed that Zylofon Cash will discontinue to sponsor the Ghana Premier League due to the tussle between its parent company MenzGold Ghana Ltd and Bank of Ghana, SEC over its operation.
MenzGold was consequently stopped from receiving deposits from its customers by the Bank of Ghana and SEC and it is yet to pay all depositors, despite several demonstrations, following closure of its offices across the nation.
But Halifax Ansah-Addo, who is the communications director of Zylofon Cash has stated that management of Zylofon Cash was willingly to continue the sponsorship of the GPL when it resumes.
“The last time I asked this question to the management of the company, I got a yes,” he told Citi FM.
“I was told that Zylofon Cash was still standing by its commitment to support the development of sports in Ghana. That was when the league was halted due to the Anas tape.
“Maybe I have to re-ask the same question now but then, I was told by management that the company would still continue to sponsor the Ghana Premier League in the event of its return.”
Halifax Ansah-Addo went on to reveal that the company had already met some of its obligations to clubs in the local league before it was halted in June 2018.
“We had already paid monies to the club and looking back now, there was nothing else to be done. What can we do now? Go back and take the money?