ADB donates GH¢200,000 to COVID-19 Trust Fund

Managing Director of Agricultural Development Bank (ADB), Dr. John Kofi Mensah has presented a cheque of GH¢200,000 to the COVID-19 Trust Fund. Making the presentation, Dr. Mensah said the donation was part of the bank’s support package of GH¢1 million to help fight the novel Coronavirus pandemic.

“The rest of the money will be used in purchasing Personal Protective Equipment (PPEs) like hand gloves, face masks, hand sanitizers and other disinfectants to be distributed to medical research institutions, farmer based organizations, the Ghana Police Service and identified regional hospitals nationwide,” he said.

He said the total contribution by the bank will exceed the GH¢1 million since it has already contributed to the GH¢10 million support from the Ghana Bankers Association, waived all interbank transfer fees on the bank’s digital platforms and mobile wallet transaction fees below GH¢100.00.

In addition, the bank has also reduced interest rate by 200 basis point as agreed by the Ghana Bankers Association and will soon roll out a special package for farmers to reduce their burden in these difficult times.

“Currently we have drastically reduced our workforce by about 52 percent, all our branches have been mandated to buy hand sanitizers for their personal and customer use and also we are observing the social distancing protocol at all our meetings and daily interactions,” he said.

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“Already the bank has aligned with the Ghana Bankers Association to contribute a total of GH¢10 million as the sectors contribution to the pandemic. In addition to that we have also waived all interbank transfer fees on our digital platforms and mobile wallet transaction fees for transactions below GHS100.

We urge our customers to continue utilizing our numerous digital platforms like the ADB Mobile App, *767#, POS Terminals, Visa Prepaid Cards etc,” he said.

Dr. Kofi Mensah commended government for the steps taken to deal with the pandemic and urged Ghanaians to also positively contribute towards ending the pandemic. “We are optimistic the measure being put in place by government will yield the necessary results by reducing the numbers and life will return to normal soon,” he said.

The Managing Director was accompanied by Alhassan Yakubu-Tali, Deputy Managing Director and George Abankwah-Yeboah, a member of the Board of Directors of the bank.

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