First Sky Group insures flood victims with GH¢2.5m package

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Mr. Eric Seddy Kutortse, Chairman-First Sky Group

The First Sky Group has supported victims of the Akosombo dam spillage with an insurance package totalling GH¢2.5million.

This gesture, according to the company, was in response to government’s call on corporate Ghana to contribute in alleviating the suffering of flood victims.

Chief Executive Officer-Serene Insurance, Mercy Naa Koshie Boampong, in a letter addressed to the Volta Regional Minister, Dr Archibald Yao Lesta, on Tuesday, October 17 announced the Group’s package for the affected and said: “We wish to express our heartfelt sympathy for the unfortunate flooding incident following the Akosombo Dam spillage”.

“We at Serene Insurance are acutely aware of the devastating impact that flooding can have on individuals, families and entire communities. As a responsible and caring insurance provider, we believe it is part of our duty to assist those who may lose their relatives through the flood.

“The new flood insurance policy, with a total benefit of GH¢2.5million, is a testament of our dedication to helping families with the burden of having to foot the funeral bills of their relatives after death,” noted CEO-Serene Insurance, Mercy Naa Koshie Boampong.

The policy covers 500 people from October 17 – December 31, 2023 in the event of death, with a limit of GH¢5,000 per person.
The insurance package heralded donations of relief items to flood victims on October 18, 2023 at Battor in the Volta Region.

At the donation ceremony, Group Chairman, Eric Seddy Kutortse, said the gesture forms part of the company’s Corporate Social Responsibility (CSR) and it is important the company supports victims who are currently traumatised through the incident.

Mr. Kutortse also pledged, as a matter of urgency and in line with First Sky Group’s humanitarian policy, to put up a modern and befitting temporary structure to house the affected who are currently taking shelter in classrooms.

Key dignitaries who were present at the donation ceremony included Member of Parliament (MP) for North Tongu, Samuel Okudzeto Ablakwa, and staff of the First Sky Group and health authorities.

Background

The recent spillage from the Akosombo and Kpong Dams by the Volta River Authority (VRA) has displaced about 26,000 persons and destroyed properties and large tract of farmlands running into millions of cedis.

The spillage by VRA, which records its first occurrence since 2010, has been attributed to excess water in both reservoirs due to the unusually high volume of rainfall that occurred this year.

The affected communities are Battor, Tefle, Mepe, Sogakope, Adidome and Anlo, in the South, Central and North Tongu districts of the Volta Region

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