The Ghana Football Association (GFA) has announced that they have managed to secured a three-year sponsorship of 2.1 million cedis (603,000 U.S. dollars) from GN Bank on behalf of the second-tier league.

The local Ghanaian financial institution was unveiled as the sponsor of the Division One league at an event in Accra this week, according to Xinhua. This is an excellent piece of news for the lower league, as they were previously without a sponsor for the last two years.

GFA president Kwesi Nyantakyi spoke at the event, declaring that the sponsorship deal will assist in the continued development of the second-tier league.

“This sponsorship comes as a relief to the GFA and the Division One clubs. It will also go a long way to develop the Division One League,” said the president.

GN Bank General Manager Issah Adams was also on hand to speak on behalf of his company. He revealed that GN Bank considers the Division One as the league of the Ghanaian people because it offers a breeding ground for unearthing local talent.

The bank is the second financial institution to get involved in local football sponsorship, as First Capital Plus Bank currently supports the Premier League financially.