Guaranty Trust Bank Gambia on Wednesday 5th May signed a Memorandum of Understanding with The Gambia Secondary Schools Football Association, under the auspices of The Gambia Football Federation, for a four-year sponsorship of the Secondary Schools Football Tournament for both male and female.
In a statement delivered at the ceremony held at GTBank head office on Kairaba Avenue, the CEO of the Bank Mr. Bolaji Ayodele, said the Principals Cup was aimed at actively engaging the youth through sports whilst promoting the values of excellence and fair play. Mr. Ayodele noted that, it was their expectation that partnering with The Gambia Secondary Schools Football Association to establish the “GTBank Principals Cup” competition will bring senior secondary schools together in an atmosphere of camaraderie.
The GTBank CEO added that the sponsorship objective for the Bank was also to adopt sports as a tool to provoke academic excellence and create local football stars that will become ambassadors to the international community.
In the package, the Bank will give D500, 000 annually to the Association as administrative cost. The winners of both male and female categories will receive a cash prize of D45, 000.00 and a trophy each. The runners up will receive D40, 000.00 cash prize each. All participating teams will be provided with a set of GTBank branded jerseys, 2 footballs, officers’ wear and a whistle. The organizing committee will be provided with GTBank branded shirts and the finals would be broadcasted on GRTS.
The minster of Youth and Sports Minister, Alieu K Jammeh, thanked GTBank for their support to youth and sports development over the years. He described as “valuable” the Bank’s role in the” Gambia for Gold” which was his ministry’s initiative intended to raise funds for funding of national football teams from 2011 to 2014. GTBank was the bank partner to the initiative and provided GMD4 million and banking services.
Jammeh a former GTBanker said sustainable development of sports required concerted efforts noting that private sector participation can lighten the budgetary burden on Government.
The President of GFF Lamin Kaba Bajo described the MOU as historic adding that it would complement grass roots football development efforts. He maintained that promoting grassroots football through schools was very fundamental in the development strategy and action plan of the GFF noting that the GFF will not rest on their laurels in ensuring that the tournament was a success.
The President of The Gambia Secondary Schools Football Association Martin Gomez thanked GTBank for the timely intervention and promised that his Association would live up to expectation.