To take school sports to another level, HFC Bank, has signed a Memorandum of Understanding with the Ministry of Education to commit 125, 000 Ghana Cedis to help develop athletics at the various schools in the country.
Speaking at the ceremony to sign the agreement; the Managing Director of HFC, Robert Le Hunt, said the bank’s adoption of youth athletics was in line with the Corporate Social Responsibility (CSR) of building the communities that the bank operates.
According to him, the bank recognizes that for the country to make impact in athletics, it is important to invest more in youthdevelopment.
He said the partnership with the Ministry through the Ghana Education Service is the beginning of a new chapter for the development of athletes in the country.
He added that aim of the bank to invest in the sector at the school level was to help identify, groom and develop potential athletics that would be capable of winning Olympics and other international laurels for the country.
“This is a great way of building a successful community in respect to sports development in the country”, he noted.
He said HFC which is a subsidiary of the Republic Bank in Trinidad and Tobago believes that CSR should lead to a long term impact.
He explained that the bank has won many international awards within the Caribbean for investing in investing in youth development.
He added that the sponsorship deal will go a long way to ensure that Ghana wins laurels in international sporting events.
This is an opportunity for corporate organizations to also contribute towards sports development in the country.
Emmanuel Domeyah, Director of Physical Education at the Ghana Education Service (GES) representing the Director –General; Joseph Kor said the bank’s
aim of injecting funds into the development of sports is laudable
He said schools sports across the country continue to beg for financial support leading to the country’s inability to produce more athletics.
He noted that athletics continues to lag behind as soccer continues to soar in the country.
It is this direction that sponsorship of the sector is key to the Ministry as well the GES to revamp the dying inter-schools sports in the country.
Receiving the cheque on behalf of the Ministry of Education and GES, Nii Lante Vanderpuije, Minister for Youth and Sports, said the government was considering tax reliefs for all corporate organizations, which commit some of their profits to sports development in the country.
He commended the bank for the initiative it has taken to see athletics develop in the country.