Republic Bank’s customers will not repay loans until COVID-19 is no more in Ghana

Republic Bank’s customers will not repay loans until COVID-19 is no more in Ghana

- Republic Bank Ghana Limited is giving customers a six-month holiday on the repayment of loans

- According to the management of the bank, the move is to take the stress and tension off the customer during this COVID-19 period

- The COVID-19 has already claimed three lives in Ghana after infecting more than 130 people

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Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited (RFHL) has announced a loan deferment offer for customers and staff for a maximum period of six months in response to the COVID-19 pandemic.

The Loan Repayment Deferment offer is currently available upon request, a statement from the bank said on Thursday.

“Customers can apply for this offer by contacting their respective Branch/Corporate Managers or Relationship Officers by telephone, email or completing an online deferment offer form available from March 27, 2020 on the website of the Bank –"

READ ALSO: 5 devastating coronavirus news on Thursday, March 26, 2020

According to the Managing Director of the Bank, Mr. Farid Antar, Republic Bank recognizes the economic effect of social distancing which has become necessary to stem the spread of the virus.

He also noted that the move by the bank will cushion the cash flows of customers in order to support them to take all precautionary measures needed to protect their families and themselves from the spread of the virus.

Mr. Antar has also recommended that customers of the Bank limit the use of the Banking Halls and instead, utilize the digital channels.

He also took the opportunity to urge staff, customers and the general public to take all precautionary measures to protect themselves and families against the coronavirus (COVID-19).

READ ALSO: Oppong Nkrumah: Minister drops hints of possible lockdown in selected regions earlier reported that government prevented a British Airways bound flight to Ghana despite an initial agreement for the British High Commission to evacuate some 360 UK nationals from Ghana to the UK.

According to Citi News sources, the initial agreement between the Ghana Civil Aviation Authority and the British High Commission in Accra did not get the approval and permission from the Office of the President.

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READ ALSO: 132 Ghanaians infected with coronavirus; 3 people dead

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