- Republic Bank Financial Holdings has pledged $2 million in support of the economies of the 13 countries in which it operates
- The fund is expected to be used to address key challenges that are being faced due to the outbreak of the coronavirus
- It would be used for the production of PPEs, the supply of food and health needs, ventilators, testing kits and other items
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Republic Bank Financial Holdings has pledged to support some 13 countries with a $2 million package.
The beneficiaries of the package are all the countries in which the financial institution operates.
The beneficiary countries are Ghana, Trinidad and Tobago, Grenada, Guyana, Barbados, Suriname, Cayman Islands, St Lucia, St Vincent & the Grenadines, St Kitts & Nevis, St Maarten, Anguilla and Dominica.
READ ALSO: COVID-19: Local businesses to begin the production of face masks and other essentials
According to Republic Bank’s president and Chief Executive Officer (CEO), Nigel Baptiste, the bank is aware of the full extent of the effect of the coronavirus on economies all over the world.
He went on to say that the management of the epidemic requires support from all stakeholders.
The $2 million package would be used to address key challenges in the fight against the coronavirus, a report by graphic.com.gh shows.
The fund would be used for the purchase of crucial needs such as ventilators, personal protective equipment, testing kits, food items and health supplies.
Information available shows that GHC1.1 million out of the amount, which is equivalent to $200,000, has been earmarked for Ghana.
It would be split among the President’s COVID-19 Trust Fund, Greater Accra Regional Hospital (Ridge) and Kumasi South General Hospital.
There is also a plan to reach out to communities in need, with the help of the staff of the bank.
Meanwhile, the World Health Organisation (WHO) has organized virtual hackathons in Africa and has offered up to $20,000 in seed funds to help combat coronavirus.
The prize package is set aside for finalists who offer digital solutions to the epidemic which has affected people all over the world.
YEN.com.gh understands that plans are in place for another session with the French-speaking countries in Africa
READ ALSO: Government to use $200 million from Stabilisation Fund to fight coronavirus
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