Banking and Finance

Fidelity Bank donates to coronavirus Infectious Disease and Isolation Facility

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As part of efforts to assist the Government to fight the spread of the COVID-19 in the country, the Fidelity Bank has donated GH¢1million to the COVID-19 Private Sector Fund.

The donation, made at a virtual sod-cutting ceremony, in Accra was to support the building of the COVID-19 Infectious Disease and Isolation Facility Unit at the Ga East Municipal Hospital.

This was contained in a statement from Fidelity Bank, copied to the Ghana News Agency in Accra.

The unit, estimated to cost 3.5million dollars, is funded by the COVID-19 Private Sector Fund and would be the first-ever Isolation and Treatment Facility in the country, it said.

Mr Julian Kinsley Opuni, the Managing Director of Fidelity Bank, explaining the rationale for the donation said: “We must support our Government’s efforts to save lives through innovative initiatives, such as the COVID-19 Private Sector Fund.”

“Our donation is in addition to other measures we have already put in place to mitigate the effects of the pandemic on our customers and the general public.” Mr Opuni, according to the statement, highlighted measures, such as the reduced interest rates on personal loans for qualifying customers to 17.5 per cent (including a maximum three-month repayment holiday), loan repayment postponement and loan restructuring options for existing borrowers as being affected by the pandemic.

He said the Bank’s SME & Corporate Clients hard hit by the effects of COVID-19 would receive relief packages that include loan moratoriums and loan restructuring opportunities.

The Bank’s mobile app enhances services such as salary advance applications, overdraft limit increases requests and loan top-ups from the comfort of their homes, he said.

Mr Opuni said other measures taken by the Bank to ensure relief to customers was underlining the waiver of all interbank transfer fees on all digital transactions and mobile wallet transaction fees for transactions of GH¢100 and below, the statement said.

He called on all citizens to adhere to the safety measures announced by the President Nana Akufo-Addo and the Ghana Health Service to ensure the success of the fight against the pandemic.

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