Accra: The Speaker of Parliament, Mr. Alban Sumana Kingsford Bagbin, has lauded the KGL Group for its exemplary Corporate Social Responsibility (CSR) initiatives, describing the company's efforts as a benchmark for private sector contributions towards national development. Speaking at the official launch of the 2nd edition of the Democracy Cup in Accra, the Speaker and other Members of Parliament praised the Ghanaian-owned conglomerate for its sustained commitment to social impact through the KGL Foundation.
According to Ghana News Agency, the Democracy Cup, a flagship initiative of the Parliament of Ghana, is aimed at promoting peace, unity, and civic engagement through sports. This year's edition has gained significant momentum, largely due to the full sponsorship by the KGL Group, led by its Executive Chairman, Mr. Alex Dadey.
'The sponsorship by KGL Group of the Democracy Cup is a significant demonstration of the company's corporate social responsibility engagements. This goes beyond conventional charity to include economic, social, environmental, health, education, and youth development,' said Speaker Bagbin. The Speaker called on other private sector players to emulate KGL's approach in partnering with state institutions to drive sustainable development and promote national cohesion.
The first edition of the Democracy Cup launched in 2024, faced challenges due to inadequate funding and low public engagement. However, with KGL Group's financial and strategic backing, the second edition is expected to attract broader national participation and impact.
Over the past five years, the KGL Foundation has implemented several multi-million cedi projects across various sectors, including the construction of an ultra-modern Mental Health Facility in Kumasi in partnership with Otumfuo Osei Tutu II, renovation and support for the Accra Psychiatric Hospital, and the development of a national Mental Health Index (MHI). The foundation has also invested in football development, including support for the Ghana Football Association, the Black Stars, and the U-17 league.
KGL Foundation has also sponsored the annual Millennium Marathon and provided medical incubators to hospitals nationwide. In compliance with Section 2(3) of the National Lotto Act, 2006 (Act 722), the KGL Group allocates a portion of its profit to fund social interventions and philanthropic work across the country.
In addition to its CSR efforts, KGL Group has made significant contributions to national revenue through the Ghana Revenue Authority (GRA) and the National Lottery Authority (NLA), all at no cost or financial risk to the state. Mr. Alex Dadey reaffirmed the Group's commitment to public-private partnerships (PPP), emphasising that such models should 'not become a financial burden to the State or a means of siphoning public funds.'
The Parliament of Ghana, through the Democracy Cup, continues to promote unity and national development, goals that align strongly with the values and mission of the KGL Group.
