At the official launch of the 2nd Edition of the Democracy Cup, the KGL Group of companies, a wholly-owned Ghanaian conglomerate was singled out for praise by the Speaker, and Parliament of Ghana on the numerous Corporate Social Responsibility activities undertaken by the KGL Foundation.
The KGL Group, through its long-term commitment to national unity and comprehensive development, has title-sponsored the second edition of the Democracy Cup, a flagship sports development initiative designed by the Parliament of Ghana to promote peace, unity, and national civic engagements across the country.
The first edition of the Democracy Cup was launched in 2024 by the Parliament of Ghana. However, due to limited financial sponsorship, the inaugural edition held at the Accra Sports Stadium failed to attract the needed national attention and prominence.
According to the Speaker of Parliament, Right Honourable Alban Bagbin, the second edition of the Democracy Cup promises to be more impactful largely due to the full financial backing of the KGL Group and its Executive Chairman, Mr. Alex Dadey, a seasonal and globally recognized successful entrepreneur.
“The sponsorship by KGL Group of the Democracy Cup is a significant demonstration of the company’s corporate social responsibility engagements which goes beyond conventional charity to include economic, social, environmental, health, education, and youth development”, Speaker Alban Bagbin stressed.
The Speaker of Parliament encouraged other corporate entities to emulate the CSR leadership prowess of the KGL Group when it comes to partnering state entities to accelerate national development, peace, unity, and socioeconomic transformation in Ghana.
In terms of contributions to GDP and the National Consolidated Fund, KGL Group has contributed millions annually to the National Lottery Authority (NLA), and the Ghana Revenue Authority (GRA) without any cost or risk to the Republic of Ghana. Many industry players have recommended the Public-Private Partnership Model adopted by the KGL Group in ensuring the sustainability of the National Lottery Authority(NLA) to be replicated across all government agencies. According to Mr. Alex Dadey, “PPP should not become a financial burden to the State or a means of siphoning public funds”.
Members of Parliament present during the official launch of the 2nd edition of the Democracy Cup were full of praise for the CSR achievements of the KGL Group through its foundation over the last five years.
In full alignment with Section 2(3) of the National Lotto Act, 2006(Act 722), KGL Group through its KGL Foundation has committed to allocating a significant percentage of its profit to support corporate social interventions and Philanthropic engagements across Ghana.
Some of the multi-million mega projects undertaken by the Foundation include:
• Construction of an ultra-modern Mental Health Facility in Kumasi, in partnership with Otumfuo Osei Tutu II.
• Providing facelift for the Accra Psychiatric Hospital
• Development of Mental Health Index(MHI)
• Massive investment into the Ghana Football Association, Ghana Black Stars, and the U17 football league.
• Sponsorship of the Millennium Marathon organized annually
• Supply of Incubators to various hospitals across the Country.
In supporting the Democracy Cup organized by the Speaker and Parliament of Ghana, Mr. Alex Dadey, Founder and Executive Chairman of KGL Group of companies, reaffirmed the company’s long-term commitment to its Corporate Social Responsibility and philanthropic engagements by assisting government and public entities to promote peaceful co-existence, unity, and national development.
Source : Peacefmonline.com
