Governments across the world, including Ghana, are running against time in their search for funds to help contain the spread of COVID-19.
While at it, they are also seeking avenues to revive their economies which are presently on their knees, with the World Bank projecting a negative growth by the end of the year if the situation remains same.
For instance, the Republic Financial Holdings Limited yesterday announced its intention of the group to make a US$2 million contribution collectively across all of the territories in which it operates.
These are Trinidad and Tobago, Grenada, Guyana, Barbados, Ghana, Suriname, Cayman Islands, St Lucia, St Vincent & the Grenadines, St Kitts & Nevis, St Maarten, Anguilla and Dominica.
It said the pledge of US$2 million across all its territories “falls under its ‘Power to Make a Difference’ programme and is being specifically targeted to address some of the key immediate requirements in the fight against COVID-19.”
According to the release, members of the Republic Group had already taken numerous steps to safeguard the wellbeing of their clients and staff, while ensuring the provision of essential banking services.
“Of this total, an amount of GH¢1.1 million (US$200,000) has been earmarked for Ghana. Among the beneficiaries identified are President’s COVID-19 Trust Fund, Greater Accra Regional Hospital (Ridge), Kumasi South General Hospital, and together with the generous support of our staff, to various communities also affected”, it said.
According to the Managing Director of Republic Bank Ghana, Mr Farid Antar, the donation is to assist the government and other stakeholders in the fight against COVID-19 as Ghana strived to overcome the pandemic.
“We are all in this together and through our resilience, discipline and unity of purpose we will be successful,” he added.
“The Republic Financial Group 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, clients and communities are served,” it said.