Ghana Reinsurance Company, the nation’s largest reinsurer, on Monday presented three cheques totalling GH¢199,175 to three institutions: namely KNUST Students Affairs and Financial Services, Princess Marie Louis Children’s Hospital and Ghana Heart Foundation.
The Students Affairs and Financial Services-KNUST received GH¢71,175; Princess Marie Louis Children’s Hospital, GH¢68,000; and Ghana Heart Foundation GH¢60,000 as part of the company’s annual corporate social responsibility activities.
Speaking during the presentation, George Yaw-Mensah revealed that Ghana Re has over the years exhibited commitment to promoting education and quality healthcare for Ghanaians, especially for the future generation and leaders.
Importantly, too, the company deems it appropriate to assist, encourage and provide these selected institutions with support toward building their capacity to contribute their quota for the growth of our great nation, Ghana.
He recalled that the old adage says ‘the wealth of a nation depends upon the health of its people’ – and COVID-19 gives ample testimony of this fact, since the economy of most countries have been impacted negatively in one way another due to ill-heath of their populace.
“Ghana Re and the entire insurance industry depends on thriving communities for business, and the foundation of our very existence is society’s ability to patronise our insurance products.”
He also explained that it is essential to support institutions which help build and provide for human capital in this country. It is in this regard that Ghana Re always sets aside a portion of its profit after tax for donation toward this kind of laudable projects.
Students Affairs and Financial Services SAFS – KNUST
According to him, Ghana Re had in the past been associated with the School of Medical Sciences, KNUST. However, management in consultation with the board considered it appropriate to respond positively to the proposal received from SAFS for a donation to the Trust Fund to cover needy students at the university.
Additionally, too, the partly face-to-face and partly online teaching approach adopted by KNUST in response to the COVID-19 preventive protocol requires students to have electronic devices, preferably laptops, for learning.
Hence, the presentation of this amount of GH¢71,175 is part of the amount needed to cover full scholarship fees for 10 undergraduate students – selected by SAFS based on average grade weight and needy status. The remaining amount is to provide these students and three others with laptops under the Sponsor Project.