1.2bn Glico insurance for Olympic squad

Gemini Life Insurance Company (GLICO) has given the nation?s Olympic squad a ?1.2 billion insurance cover to enable them to perform at the Athens Olympic Games in August.

The insurance package which covers the 60-man contingent and their officials takes effect from the preparation stages through the games.In addition to the cover, GLICO donated ?10m cash to the Ghana Olympic Committee (GOC) to help it put the team together.

The Executive Director of GLICO?s Technical Services, Mr Edward Forkuo-Kyei, announced this at the maiden GOC fund-raising ceremony held at the Novotel Hotel in Accra, last Wednesday.

According to Mr Forkuo-Kyei, apart from this package GLICO will soon make known a wide range of incentives to the various teams and individual sportsmen and women to enable them to give of their best at the forthcoming Olympics. He stressed that the ?1.2b insurance cover underlined GLICO?s continuous support for the nation?s endeavours in the Olympics and other international sporting activities spanning over a decade.

He therefore pledged his company?s unflinching support for Ghana Sports in any international competition. He said it was in the same vein that GLICO sponsored three of this year?s Ghalca Top 4 awards.

These were the Achampong-Kyei Diamond prize of a double-decker refrigerator and ?500,000 won by King Faisal goalkeeper, Suraj Mohammed; ?1m cash prize for the Best referee, G.K. Manu, and the Most Classic Goal award of ?1m which went to Abdul Samad Okocha of Hearts.