Fidelity, Christian Health Association sign MoU

Fidelity Bank Ghana Limited (FBGL) and the Christian Health Association of Ghana (CHAG) have signed a Memorandum of Understanding (MOU) to make health care readily accessible to rural and under-served areas in the country.

The main objective of the initiative is to roll out innovative products to facilitate healthcare financing and improve operational capacity.

At the signing ceremony in Accra, the Executive Director of Wholesale Banking of Fidelity Bank, Mr Alex Dodoo, said being an indigenous financial institution, the bank was conscious of the social and economic importance of quality health care for Ghanaians and was, therefore, delighted in the opportunity to provide need-based financial solutions for active healthcare providers such as CHAG.

“This initiative is also expected to strengthen the bank’s Corporate Social Responsibility (CSR) position while building specialisation and knowledge within the health sector,” he added.

For his part, the Executive Director of CHAG, Mr Peter Kwame Yeboah, lauded Fidelity Bank's initiative, saying: “This is timely, considering the current challenges being experienced with the healthcare system, and it will help to improve the value proposition of CHAG to rural Ghana.”   

The partnership between the two entities was brokered on the strength of an existing intervention agreed between Fidelity Bank and the United State Agency for International Development (USAID) in September 2014, which empowers the bank to provide preferential financing options for private health facilities such as hospitals, clinics and faith-based health establishments accredited by the National Health Insurance Authority (NHIA).

The CHAG is a well-organised association with a membership of 183 health providers working extensively in rural Ghana. The association controls a substantial share in NHIA receivables, which is also presently the largest Health Insurance Scheme within the country.

Fidelity bank is the largest private Ghanaian Bank with 80 branches, 110 ATMs and 500 agent points nationwide.