Ghana Reinsurance Company PLC has made donations to three institutions as part of its well measured and crafted corporate social responsibility initiatives for 2023. The institutions are Lifeline for Childhood Cancer Ghana (LCCG), which has been a regular beneficiary of Ghana Re’s support for several years now; and Ghana AIDS Commission and the Students Financial Support Office at the University of Cape Coast – both of which are getting direly needed significant assistance from the company for the first time.
Altogether, the company is providing the three institutions with GH1¢89,000, all aimed at supporting specific identified urgent and impactful needs.
Making the presentation to the three institutions at a special event attended by all of them, the acting CEO of Ghana Re, Mrs. Monica Amissah, noted: “The insurance industry depends mainly on businesses and individuals who have the capacity to patronise our services. The said capacity of these businesses and individuals is derived from resources, including ‘healthy’ human capital. Accordingly, it is essential that as a player in the industry, we support institutions which provide quality healthcare and education toward the development of much needed human capital.
This year, Ghana Re is giving its long-term CSR beneficiary, LCCG, five patient monitors and five oxygen saturation monitors at a total cost of GH¢89,000, which Mrs. Amissah expects “will go a long way to facilitate their work as well as speed up the response time in providing care for children with cancer”.
Ghana Re’s donation of GH¢50,000 to the Ghana AIDS Commission is in response to an appeal for help toward the registration of People Living with HIV with the National Health Insurance Scheme. The company hopes its support will cover NHIS subscription for about a third of the current population of PLHIV to enable them access healthcare.
The third beneficiary, the Students Financial Support Office of the University of Cape Coast, is now enjoying its turn after Ghana Re had in previous years provided similar scholarship support for the Students Financial Support Offices of some other public universities, including the University of Ghana, Legon and the Kwame Nkrumah University of Science and Technology, which had made appeals for help for bright but needy students. UCC is getting GH¢50,000 from Ghana Re.
Mrs. Amissah explains: “This donation is specially meant to partly cover fees for 12 needy but brilliant students of UCC, who were not captured in the scholarship scheme and as a result, may not return to school next academic year. Our aim is to rekindle the fire of hope these students had of contributing their quota to the development of Ghana”.
Ghana Re is a state-owned reinsurer, the biggest insurance company domiciled in Ghana. But it is facing stiff competition, especially from foreign insurers with pan African or global presence in an industry that operates virtually without national borders.
