Ghana Black Stars’ new sponsor, Mara, a non-bank monetary establishment has not been licensed by the Bank of Ghana or the Security and Exchange Commission (SEC).

They are not authorised to commerce in cryptocurrency or bitcoins or any other non-bank monetary services in Ghana, Joy Sports can verify. 

On Friday, ninth September, the GFA signed a one-year sponsorship cope with Mara-Metarvese price $1 million forward of the Qatar 2022 FIFA World Cup.

A former Finance Committee Chairman, Wilfred Kwaku Osei, affectionately known as Palmer described the settlement as an illegality as a result of of the central bank’s lengthy-standing position on cryptocurrency buying and selling in Ghana.

Joy Sports checks at the central bank and monetary regulator, the Bank of Ghana, revealed that MARA Blockchain is not licensed in Ghana and can’t “advertise their services in Ghana.”

According to MARA, it is “Africa’s ultimate digital finance ecosystem, empowering Africans’ dreams by leveraging blockchain to transform the social and economic future of African communities, countries and the continent.

During their partnership unveiling at the Ghana FA secretariat, Mara became an official sponsor of the Black Stars of Ghana to drive football sustainability ahead of the FIFA World Cup Qatar 2022, scheduled to kick off in November.

At the unveiling ceremony in Accra, Chi Nnandi, Co- founder and CEO of Mara said: “We are particularly excited to partner with Ghana FA as they #BringBackTheLove for Ghana’s national football team and empower people with a common hope and dream.

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