Absa Bank donates GH¢1m to COVID-19 Trust Fund, offers financial support to customers

As a demonstration of Absa Bank Ghana’s commitment to help in the fight against coronavirus, the bank has donated an amount of GH¢1million to the COVID-19 National Trust Fund set up by government. The donation is toward the procurement of test-kits and Personal Protective Equipment (PPE) to support increased testing and for protection of our frontline health workers.

Absa Bank Ghana, in response to the economic impact of COVID-19 on its cherished customers, is also offering a repayment moratorium of up to six months for all personal and business customers who have been impacted by COVID-19.

Additionally, the bank has reduced its lending rate by 2 percent on qualifying Personal, SME as well as loans to other impacted industries. These measures take effect from April 1, 2020, and will be implemented across loans due in April 2020, subject to necessary arrangements with the bank.

Last week, as a way of supporting customers, the bank waived charges on interbank instant transfers on its digital channels; and also made mobile money transfers of up to GH¢100 daily free.

The bank in a statement indicated that in the face of challenges customers are facing due to the COVID-19 pandemic, it is only right that the bank offers some relief to help customers remain in business.

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Speaking on the bank’s support, Managing Director Abena Osei-Poku said: “We have been closely monitoring developments and growing concerns on COVID-19 in Ghana and the rest of the world, as well as reports from government and health institutions. This pandemic is nothing we have seen before, and is very alarming to say the least.

“As a caring bank, it is important for us to support our customers who keep us in business. While doing that, we are also aware of the efforts government is making to bring the situation of COVID-19 under control in Ghana. We therefore found it dutiful to support government toward the purchase of test-kits to help curb spread of the virus, and PPE for the protection of our frontline health workers.”

The bank further stated that it will keep monitoring the developments on COVID-19 and take decisions which will be in the best interests of customers and employees.

“Our primary focus is on serving our customers in a safe environment while maintaining the health and well-being of our employees, their families and the general public. We have ensured that our customers will have access to secure and convenient services during this period through our digital channels, Cash-accepting ATMs and our Relationship Managers,” noted Mrs. Osei-Poku.

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As part of the precautionary measures taken by the bank against COVID-19, it has with effect from Monday, March 30, temporarily reduced its branch operations and encouraged customers to stay at home and use its digital channels for their banking transactions.

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