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Absa Bank Ghana donates GHS 1 million to COVID-19 Trust Fund and offers financial support to customers

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Officials of Absa Bank Ghana making the presentation to the COVID19 Fund

As a demonstration of Absa Bank Ghana’s commitment to help in the fight against the Coronavirus, the bank has donated an amount of GHS 1 million to the COVID-19 National Trust Fund set up by the Government. The donation is towards the procurement of test kits and Personal Protective Equipment (PPE) to support increased testing and the protection of our front line health workers.

 

Absa Bank Ghana, in response to the economic impact of COVID-19 on its cherished customers, is also offering repayment moratorium of up to six months to all personal and business customers who have been impacted by COVID-19.

Additionally, the bank has reduced its lending rate by 2% on qualifying Personal, SME as well as loans to other impacted industries.

These measures take effect from 1st April 2020 and will be implemented across loans due in April 2020, subject to the necessary arrangements with the bank.

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Last week, as a way of supporting customers, the bank waived charges on interbank instant transfers on its digital channels and also made mobile money transfers of up to Ghs100 daily free.

The bank in a statement indicated that, in the face of the challenges customers are facing due to the COVID-19 pandemic, it was only right that the bank offered some relief to help customers remain in business.

Speaking on the support from the bank, Mrs. Abena Osei-Poku, the Managing Director, said “We have been closely monitoring developments and the growing concerns on COVID-19 in Ghana and the rest of the world as well as reports from government and health institutions. This pandemic is nothing we have seen before and is very alarming to say the least. As a caring bank, it is important for us to support our customers who keep us in business. While doing that, we are also aware of the efforts government is making to bring the situation of COVID-19 under control in Ghana. We therefore found it dutiful to support the government towards the purchase of test kits to help curb the spread of the virus and PPE for the protection of our front line health workers”.

The bank further stated that, it will keep monitoring the developments on COVID-19 and take the decisions that will be in the best interest of customers and employees.

‘Our primary focus is on serving our customers in a safe environment while maintaining the health and well-being of our employees, their families and the general public. We have ensured that our customers will have access to secure and convenient service during this period through our digital channels, Cash accepting ATMs and our Relationship Managers’’, noted Mrs. Osei-Poku.

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As part of the precautionary measures taken by the Bank against COVID-19, it has with effect from Monday, 30th March temporarily reduced its branch operations and encouraged customers to stay at home and use its digital channels for their banking transactions

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‘Kuami Eugene is alive and receiving treatment’ – Lynx Entertainment issues statement

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Following news of Ghanaian musician Kuami Eugene’s involvement in a car accident, Lynx Entertainment, the record label representing him, has issued an official press statement. (more…)

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Ghana International Trade Fair Center on the eviction and demolition of Fantasy Dome

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The Ghana Trade Fair Company Limited has dismantled the “Fantasy Dome,” owned by Fantasy Entertainment, which has been on the trade fair site since January 2018, to pave way for developers to complete the ongoing “Ghana International Trade Fair Center Development Project.”

The dismantled facility will be available to its owners for it to be relocated.

The tenancy agreement between owners of the Fantasy Dome and the Trade Fair Company Limited expired on 31 December 2023. Since then, all efforts by the management of the Trade Fair Company Limited to get “Fantasy Entertainment” to remove the “Fantasy Dome” from the Trade Fair site has proved futile.

The CEO of Fantasy Entertainment has stated in a Saturday March 17th interview that he has an injunction, but the Trade Fair Company Limited has VEHEMENTLY DENIED any such injunction. In fact the company states that it has not been served with any court processes and no injunction was served on the day of the demolition.

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Ironically, access to the portion of the site where the “Fantasy Dome” is situated at the Trade Fair site is vital for developers to construct the power and water infrastructure for the project as well as the drainage system to serve the new Ghana International Trade Fair Center. The dome has hampered the progress of these works for approximately 12 months.

To this end, the Trade Fair Company Limited on Saturday, 16 March 2024, embarked on an exercise supervised by the Ghana Police Service with support from the National Security Ministry to take down the “Fantasy Dome” in order for construction works on the Trade Fair site to proceed freely.

Brief background

The Ghana Trade Fair Company (GTFCL) was established by an Executive Instrument (EI) in 1960 as a project to facilitate Ghana’s post-independence trade and industrialization drive.

The Executive Instrument 10 acquired a 239.92-acre land for this purpose and to showcase Ghana’s exports with the view to attracting investors into its fledgling economy.

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From its origins in 1960, GTFCL has metamorphosed into a limited liability company strategically positioned to promote and facilitate trade in Ghana.

There have been attempts by successive governments to revive the company through various public-private partnership initiatives. These attempts have focused on redeveloping the entire center under various themes. The current redevelopment project is considered as a core part of President Nana Akufo Addo’s vision to position Ghana as a trade hub for West Africa.

The new Ghana International Trade Fair Center Development Project, when completed, would have a convention and an exhibition center, a technology hub, retail mall, commercial offices, hotel accommodation, and public realm spaces.
Infrastructure works and construction of the major exhibition center are now underway.

It is under the Akufo-Addo government that the company was revived to successfully undertake an aggressive redevelopment of the site. The management and board of directors of the company under this government have worked tirelessly to turn the company into a commercially viable business today and have secured funding from development partners to develop the site.

The new GTFC

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The new Ghana International Trade Fair Center Development Project, when completed, would have a convention and an exhibition center, a technology hub, retail mall, commercial offices, hotel accommodation, and public realm spaces.
Infrastructure works and construction of the major exhibition center are now underway.

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Kuami Eugene Survives Car Crash, Sustains Injuries

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Multiple award-winning Ghanaian singer and songwriter, Eugene Kwame Marfo, professionally known as Kuami Eugene narrowly escaped a near-fatal accident when his car rammed into a tipper truck on the night of Sunday, March 17, 2024. (more…)

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Ghana’s Blitz Bazawule’s ‘The Color Purple’ dominates 2024 NAACP Image Awards

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“The Color Purple” a film directed by Ghanaian filmmaker Blitz Bazawule dominated at the 55th NAACP Image Awards on Saturday night, taking home four accolades including outstanding motion picture. (more…)

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Mix Master Garzy’s 2MG Music foundation inspires hope through music on Ghana’s Independence Day

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Ghana Independence Day holds great significance for the nation, but for 2MG Music Foundation, it became a day of deeper meaning as they embarked on a journey of compassion at Orthopedic Training Centre in Nsawam.

Benjamin Garzy Mensah, popularly known as Mix Master Garzy is the Founder and CEO of 2MG Music Foundation, an NGO based in Ghana which is also affiliated with the 2MG Music record label.

Their inspiring mission of “Touching Lives through Music: was definitely achieved at the OTC Camp. On Ghana Independence Day, the music foundation arrived at the hospital loaded with instruments, ready to uplift spirits and bring smiles to the patients.

As the musicians played, OTC came alive with the soothing sounds of music. Children had the chance to showcase their talents through dance and song, creating a fun filled inclusive atmosphere. Performing artists rallied to show their unwavering support for the event such as Niashun, Akua Music and Mr Drew and the Band Masters who held the fort for the live entertainment.

The music served as a welcome distraction for the OTC members, reminding them of joy and resilience amidst their physical challenges. Each song imparted a message of hope, showing them, they were not alone in their journey towards healing. Beyond melodies, they forged connections and touched hearts, leaving a lasting impression on children, families and staff. Inspired, they pledged to continue spreading joy through music.

In commemorating Ghana Independence Day at OTC, 2MG Music Foundation embarked on a meaningful journey of compassion and solidarity. Through music, they brought smiles and hope to all, reminding us of the importance of supporting one another in times of need.

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K.K. Kabobo passes on after battling liver disease

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News reaching Ameyaw Debrah Media is that Renowned Highlife musician, Kwabena Kwakye Kabobo, professionally known as K. K. Kabobo has passed on to glory. (more…)

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