The past week has been dominated by talk about the banking sector and how some board members connived to spend the monies of depositors.
However, key among the discussions, has been the amount of money the Bank of Ghana gave out as liquidity support to the collapsed UT and Capital Banks.
The Central Bank had to inject a whopping GH¢1.47 billion in total, which according to an investigative report was misused by management and board members of the banks.
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The intriguing part of this whole issue is that the money could have been invested into Ghana’s health sector which is currently in dire need of an uplift.
The GH¢1.47 billion could have actually provided for medical equipment and infrastructure that are lacking in many health facilities across the country.
Below are three things that money could have done for Ghana's health sector:
1. It could have bought 2,940 ambulances
The GHC1.4 billion given out by the Bank of Ghana as liquidity support could have actually been used to purchase a mammoth 2,940 ambulances for the country.
Ghana currently has less than 60 ambulances nationwide and this money could actually have been used to boost that aspect of our health sector.
However, as it stands the country will continue to manage that small number of ambulances while it could have been more.
2. It could have been used to construct 10 district hospitals
The amount given as liquidity support to the collapsed UT and Capital Banks could also have been used to build 10 fully equipped district hospitals.
In fact, the amount would not only afford 10 hospitals but also with an additional 120 beds for each of them.
This is even at an estimate of GHc150 million per district hospital.
3. Could have been used to provide 6,125 incubators
Another area of the health sector which could have been improved with the money is the provision of incubators.
It is worthy to note that the GHC1.4 billion could have been used to purchase 6,125 incubators address the challenge of infant mortality.
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