Government of Ghana has received an amount of GHC10 million from the Ghana Association of Bankers to help in the fight against COVID-19, the strain of Coronavirus which has killed four persons in Ghana.
The GHC10m is for the purchase of critical equipment to manage the pandemic and also for public educational purposes.
In a statement issued by the Chief Executive Officer of the Association, Daniel Ato Kwamina Mensah said the move is to ensure the sustainability of the industry and the economy during this difficult time.
Also, as part of efforts to reduce the use of cash to avoid the spread of coronavirus, the Association has waived off all internet banking charges and various GhIPPs charges to encourage the use of digital channels.
“To encourage the increased use of digital channels, the Ghana Association of Bankers shall for the period of the COVID-19 pandemic waive off Internet banking charges, charges on the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) Instant Pay (GIP), Mobile Money Interoperability which is applicable to only transfers from GHS100 and below excluding cash-out, and ACH Direct Credit. These measures will be reviewed after a period of three months,” the statement said.
“To facilitate interoperability within the financial sector, member banks will work with Mobile Money service providers during the period of this crisis to put in place measures in the interest of the general public,” it read.
The Association says it will continue to monitor the likely consequences of the pandemic on the banking sector and actively take steps to mitigate possible impact on customers, employees and the public.
Moreover, all financial institutions are expected to make sure cash would be regularly sanitized to safeguard public health and current overnight limits will be increased to provide market liquidity to ensure that critical banking services are readily available to customers.
Mr. Ato Kwamina Mensah further urged banking staff and customers to adhere to World Health Organisation and Ghana Health Service’s hygiene protocols and guidelines on COVID-19 and advised banks to implement enhanced hygiene standards to keep their environments safe for customers and staff.