Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited (RFHL) of Trinidad and Tobago, has announced a total donation of GH¢1.1m to various institutions in Ghana in support of the fight against COVID-19.
The donation in Ghana is part of Republic Financial Holdings’ US$2m collective contribution across all the territories in which the bank operates, namely, Trinidad and Tobago, Grenada, Guyana, Barbados, Ghana, Suriname, Cayman Islands, St. Lucia, St. Vincent & the Grenadines, St. Kitts & Nevis, St. Maarten, Anguilla and Dominica.
The beneficiary institutions of the GH¢1.1m donation in Ghana are: President’s COVID-19 Trust Fund (GH¢200,000), Greater Accra Regional Hospital (GH¢250,000), Kumasi South General Hospital (GH¢150,000), Various Zonal/Regional Health Centres (GH¢83,331), and a contribution of GH¢416,669 as part of the Ghana Association of Bankers’ GH¢10m donation to the government.
According to the Managing Director of Republic Bank Ghana, Mr. Farid Antar, the GH¢1.1m donation is under the bank’s Power-To-Make-A-Difference (PMAD) programme in the fight against COVID-19, as Ghana strives to overcome the pandemic.
“We had a COVID-19 intervention for our customers and staff, few days ago, when we announced a loan deferment package of up to six (6) months moratorium. And now we are announcing our contribution of GH¢1.1m to the society towards the fight against the COVID-19 pandemic,” he said.
In announcing the Group’s US$2m contribution, the President & CEO of Republic Financial Holdings, Nigel Baptiste, stated: “The full extent of the human tragedy that is unfolding before our eyes is epochal. While the Group is committed to helping our clients survive the economic impact, there is so much more that is needed to be done at the society level. No country is immune from this virus, and given our preference for open economies, we all must be interested in what happens elsewhere. Management of this virus requires global collective responsibility.”
The pledge of the equivalent of US$2m is targeted to assist with the purchase and provision of critical needs such as ventilators, PPE equipment, testing kits, food and supplies for the health care workers as well as supporting the all-important social distancing messages.
Members of the Republic Group have already taken numerous steps to safeguard the wellbeing of their customers and staff while ensuring the provision of essential banking services. The Group has also reached out to its customers to provide cash flow relief to those affected by the disruption brought about by the pandemic.
Republic Bank said it recognises the dynamic nature of the situation and remains committed to a continuous assessment of its actions and responses to ensure that the best interests of its staff, customers and communities are served.