GHASALC continues fight against COVID-19 with PPE donation in Ashanti Region


The Ghana Association of Savings and Loans Companies (GHASALC) and its members made another donation of Personal Protective Equipment (PPE) and other assorted items to one of the major treatment centres in the country, Kumasi South Hospital which also doubles as the Ashanti Regional Hospital.

This is the third major donation by the association since outbreak of the pandemic in the country, apart from what some selected Savings and Loans Companies have been doing for their clients and communities they operate in. The association explained that donations are part of efforts to continue supporting national efforts in mitigating effects of the novel coronavirus pandemic on individual lives and businesses.

The items were a number of Cover-alls, Examination Gloves, Surgical Gloves, N-95 face masks, Disposable Surgical face masks, Face Shields and Goggles. The items also include 30 gallons of methylated Spirit and hand sanitisers, as well as 60 boxes/packs of Bottled Water valued at about GH¢40,000.

The donation was made on behalf of the association by Stephen Boateng (CEO of MultiCredit Savings and Loans) assisted by the Executive Secretary, Tweneboah Kodua Boakye, and Akosua Konadu Osafo of Utrak as a fulfilment of their pledge to support the fight against the COVID-19 pandemic as an Association.

The association used the occasion to encourage the public to continue observing the various health protocols issued by government and the World Health Organisation (WHO), while also using the various avenues given by Members of the Association in terms of loan restructuring, rescheduling, moratoriums, reduction in interest rates and financial advisory services.

On his part, Executive Secretary, Tweneboah Kodua Boakye, encouraged the companies to ensure they continue building the capacities of all their staff – from the security, cleaners to tellers, sales agents and all persons involved in the delivery of service – to ensure that the best standards are attained and maintained in the industry as they go through these trying times.

He was very optimistic that the various customers will continue to dialogue with their Savings and Loans Companies when they are faced with any challenge of honouring their obligations.

Commenting on the significance of Bank of Ghana policy measures issued during the recent MPC meeting press conference on liquidity support to the SDI sector, the Executive Secretary stated that the regulator’s gesture goes to reinforce the fact that the central bank is very much interested in stability of the banking industry, especially the SDI sector; and that customers should continue to do business with their preferred Savings and Loans Company.

He encouraged the companies which benefit from the Bank of Ghana support to ensure that needs of the depositors are met and loans given to support the critical sectors.

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