COVID-19 fund more than doubles in less than 24hrs as commercial banks donate GHC 10 million

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Donations to the National COVID-19 Trust Fund continues to trickle in as the latest institution, Ghana Association of Bankers (GAB) has donated an amount of GHC 10 million to support the activities of the fund.

This generous gesture by the association of commercial banks in Ghana has, in less than 24 hours, more than doubled the total amount in the fund since its establishment by President Nana Addo Dankwa Akufo-Addo few weeks ago.

President Akufo-Addo in his 5th address to the nation on the COVID-19 update revealed that the total amount realized from donations from individuals and corporate institutions, as at the time of the address on Sunday stood at GHC 8.75 million.  The donation from GAB brings the total amount in the fund to GHC 18.75 million doubling the amount in less than a day after the President’s address.”

In a statement released by the Ghana Association of Bankers on Monday, April 6, 2020, the association noted that the donation forms part of a number of interventions it is taking “to mitigate the financial impact of COVID-19 on the general public”.

The Ghana Association of Bankers further added that the amount being provided by its member banks will go into a COVID-19 fund and will used for the procurement of protective gears as well as support frontline medical personnel in residence.

In addition, the donation will also go into easing the burden and practical difficulties face by some vulnerable citizens who will have to endure due to the restriction of movement during the partial lockdown in parts of the country.

 

 Source: ABCNewsgh.com

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