The country's football governing body will receive an amount of $2m every year for the next five years from Zylofon Media as the sponsors of the country's top flight.
The Ghana Premier League has failed to attract sponsors for the past three years after First Capital Plus pulled out their sponsorship in 2015.
However, the sponsorship package will see every Premier League club pocketing $70, 000 every year.
The 16 Premier League club will be given an initial amount of $35, 000 out of the principal $1m and part of the principal amount will be given to Division One clubs for the officiating fee.
The winner of the Premier League will also take home an amount of $40,000.
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