Dr John Kofi Mensah, the Managing Director of Agricultural Development Bank (ADB), has presented a cheque donation for Two Hundred Thousand Ghana Cedis to the COVID-19 Trust Fund.
Making the presentation, he said it was part of the Bank’s support package of GHC1 Million to help fight the novel Coronavirus pandemic.
“The rest of the money will be used in purchasing Personal Protective Equipment (PPEs) like Hand gloves, Face Masks, Hand Sanitizers, and other disinfectants to be distributed to Medical Research Institutions, Farmer Based Organizations, the Ghana Police Service and identified Regional Hospitals nationwide,” he said.
He said the total contribution by the Bank would exceed the GHC 1 million since it already contributed to the Ten Million Ghana Cedis support from the Ghana Bankers Association, waived all interbank transfer fees on the Banks digital platforms and mobile wallet transaction fees below GHS100.00.
In addition, the Bank has also reduced interest rates by 200 basis points as agreed by the Ghana Bankers Association and will soon roll out a special package for farmers to reduce their burden in these difficult times.
“Currently we have drastically reduced our workforce by about 52 per cent, all our branches have been mandated to buy hand sanitizers for their personal and customer use and also we are observing the social distancing protocol at all our meetings and daily interactions,” he said.
Already the Bank has aligned with the Ghana Bankers Association to contribute a total of Ten Million Ghana Cedis (GHS10, 000,000.00) as the sector’s contribution to the pandemic.
In addition to that, we have also waived all interbank transfer fees on our digital platforms and mobile wallet transaction fees for transactions below GHS100.00.
We urge our customers to continue using our numerous digital platforms like the ADB Mobile App, *767#, POS Terminals, Visa Prepaid Cards.
Dr. Kofi Mensah commended the government for steps taken to deal with the pandemic and urged Ghanaians to positively contribute towards ending the pandemic.
“We are optimistic the measures put in place by the government will yield the necessary results by reducing the numbers and life will return to normal soon, he said.The Managing Director was accompanied by Mr. Alhassan Yakubu-Tali, Deputy Managing Director and Mr. George Abankwah-Yeboah, a Member of the Board of Directors of the Bank.