Standard Chartered provides GH¢1m relief towards COVID-19 fight

Standard Chartered provides GH¢1m relief towards COVID-19 fight

Standard Chartered Bank Ghana Limited has announced that it is committing an initial GH¢1million to support emergency relief in aid of those affected by the COVID-19 pandemic in Ghana.

This is in line with the brand’s promise to be ‘Here for good’, particularly in times of adversity.

In line with government’s objective to conduct widespread testing for COVID-19, the bank is donating portable Polymerase Chain Reaction (PCR) testing equipment to leading Medical Institutions mandated to carry out contact tracing and testing in the country.

The bank will also be supporting frontline medical staff in health facilities across the country with N95 masks, gloves and coveralls.

Commenting on the donations, Chief Executive, Standard Chartered, Ghana Limited said Mrs Mansa Nettey said:

“Having operated in Ghana for more than 120 years, we are committed to supporting our communities and the country at large in this time of crisis. Our support is being channelled directly to support the most impacted, including the frontline workers and most vulnerable in our communities.”

 

“Our healthcare workers on the frontline are sacrificing a great deal in this fight, and we need to ensure that they are adequately resourced to perform their duties. The donation of these PPE is our way of giving back and showing our appreciation to all healthcare workers” she added.

Beyond supporting the frontline, Standard Chartered is also providing support for the vulnerable as it has partnered with a leading charity to provide food and hygiene products to families in underserved communities.

The bank is also providing educational materials to children in those communities to support their learning activities while at home.

Mrs Nettey said:

 

“The pandemic will disproportionately impact the vulnerable. As a bank, we believe in supporting and empowering the underserved in our communities. This is our initial commitment; we are monitoring the situation and will commit additional resources to support the most vulnerable, including children, as the need arises”.

 

The bank has also launched initiatives to provide economic support and protect the wellbeing of their clients and employees.

Earlier in the month, the bank announced a comprehensive relief package, including tenor extensions and interest rate reductions on eligible local currency loans for clients in vulnerable sectors highly impacted by the coronavirus pandemic.

Other initiatives include Life Insurance cover for new and existing life insurance clients and fee waivers on some digital banking services initiated via its SC Mobile App and Straight2Bank platforms.

The Bank also announced that it is globally committing up to US$1billion of loans, import/export financing and working capital, at preferential rates, for companies providing goods and services to help in the fight against COVID-19 as well as supporting redeploying production resources to help fight the pandemic.