Ghana Reinsurance Company Donates To SFAO

Mrs. Baning (left) receiving the donation on behalf of the University

The Ghana Reinsurance Company Limited (Ghana Re) has made a cash donation of GH₵ 15,000 to the Students Financial Aid Office (SFAO) of the University of Ghana. The donation was made as part of their Corporate Social Responsibility (CSR) drive.

The Managing Director of Ghana Reinsurance Company Ltd., Mr. Gustav Siale noted that the Company, which is a State-owned entity, was committed to supporting the development in various tertiary institutions in Ghana. Mr. Siale indicated that in 2014, 42% of the income they generated from business in other African countries amounted toGH₵75,000 which was used to support the education sector. In 2015, the donations increased by 50% with an amount ofGH₵113,000spent on CSR projects. He advised other institutions to show empathy to the less privileged in the society.

Mr. Gustav Siale, Managing Director of Ghana Re

Mrs. Christine Baning, the Director of SFAO received the donation on behalf of the University. She noted that the lack of finances is the main challenge facing brilliant but needy students, and added that he SFAO was established in 2003, for the very reason of helping such student’s access quality education. Mrs. Baning expressed gratitude to Ghana Re, for their continuous support to the SFAO. The company has supported 12 students and are presently supporting 4 students; 2 studying Economics and the other 2 studying Accounting.

The College of Health Sciences (CHS) of the University of Ghana also received a cheque for GH₵23,000 to facilitate its activities. The Provost of the College, Prof. Yao Tettey who received the amount on behalf of the College noted that, 500 MPhil and PhD students had over the years benefitted from Ghana Re’s donation, which has helped build the human capital in the country.

Prof. Tettey revealed that the CHS was planning to create a Medical Scholar Scheme which will give the company the opportunity to train or sponsor 5 medical specialists who would be named Ghana Re Medical Scholars. He prayed for God’s favour to help Ghana Re continue their good work.

Other institutions that benefited from the donation were, the Kwame Nkrumah University of Science and Technology (KNUST), the Ghana Heart Foundation, Ghana Neurological Society and the Department of Child Health of the University of Ghana Medical School.

Present at the ceremony were Mrs. Jessica Allotey, Head of corporate Affairs for Ghana Re, Prof. Isaac K. Asante from the Department of Botany, as well as Mrs. Maame Efua Ocansey, the Fundraiser for SFAO.

A group photographtaken after the ceremony