The Ghana football authorities sealed a three-year sponsorship deal worth US$3m on Tuesday night to revive the highly popular competition which was last played in 2001.
The lucrative sponsorship means all clubs playing in the competition will benefit financially, the first time in the country’s history.
The new competition was stopped in 2001 because of sponsorship problems and with the necessary financial support it will now be called the MTN FA Cup.
All three tiers of Ghana football will be involved in the competition as it has been since one of Ghana’s oldest football events started in 1958.
Thirty-two clubs from the Division Two League will start the competition before all clubs from the Division One and Premier Leagues join at different stages.
The inclusion of the Division Two League clubs will see a total of 96 clubs battling for the MTN FA Cup with the Premiership clubs entering the competition at the Round of 32.
The knockout competition would record a total of 111 games from the preliminary stages to the final match.
The sponsorship is another feather in the cup of president Kwasi Nyantakyi, whose reign has seen unprecedented corporate interest in the local game.
Asante Kotoko won the last competition in 2001 after beating city-rivals King Faisal.