The Private Sector has joined the fight against the deadly Covid-19 coronavirus by launching the Ghana Private Sector COVID-19 Fund with an initial capital of GHC 100 million.
A statement released today Sunday March 29, 2020, said the Fund will partly finance government’s interventions and equip the Ghana Health Service and supply chain amenities to facilitate the course against the virus.
“With Government revenue targets reported to have been missed partly as a result of the impact of the virus, prospects of a successful sole government funding to fight COVID-19 remains bleak and extremely burdensome.
“It is for this reason that the Ghana COVID-19 Fund (herein called “The Fund”) is being established.”
The Fund is set up and governed by appointed trustees, fund managers, custodians, and fund auditors to ensure that money donated are not mismanaged.
“COVID-19 is the new evil. It is time to stand up for Ghana and help Ghana win the COVID-19 war,” the statement said.
On the board of trustees are renowned entrepreneurs like Anthony Oteng-Gyasi , the Chairman, Tropical Cable & Conductor Ltd; Edward Effah, Chairman, Fidelity Bank Ghana Ltd; Kwame Ofosu Bamfo, the Managing Director, Bamson Group and Senyo Hosi, the CEO of the Chamber of Bulk Oil Distributors.
Others include, Kwabena Adjei , Group Chairman, Kasapreko; Thomas Svanikier ,Chairman, Svani Group Ltd; Kwasi Twum, CEO, The Multimedia Group, among others.