Stanbic Bank Ghana has announced a significant investment of GHS6.5 million in various community projects and initiatives.
The announcement of this substantial investment was made as part of Stanbic Bank Ghana’s Annual Results Statement and Corporate Social Investment (CSI) Report for the year 2023. The funds allocated for community development initiatives will be channeled into diverse sectors, including education, health, youth empowerment, financial literacy, entrepreneurship, agriculture, and youth enablement.
By targeting multiple areas of need, Stanbic Bank Ghana aims to address critical challenges facing communities while fostering sustainable growth and prosperity. Through strategic partnerships and collaborative efforts with local stakeholders, the bank seeks to implement impactful projects that create lasting positive change.
Education stands as a cornerstone of Stanbic Bank Ghana’s community investment strategy, with initiatives designed to enhance access to quality education and promote lifelong learning opportunities. By supporting educational infrastructure, scholarships, and skills development programs, the bank aims to equip the youth with the tools and knowledge needed to succeed in an ever-changing world.
In education, the bank engaged in the delivery of three STEM projects (Laptops donations to KNUST and University of Ghana, 5-day Bootcamp for SHS Girls, 3-day Stanbic-GIMPA Hackathon), and the support of academic and infrastructural needs of numerous educational institutions across the country.
In the area of health, the bank contributed towards quality healthcare delivery by donating ventilator machines, supporting the child cancer units of Ridge and Korle Bu Teaching hospital. The bank also paid for treatment cost for several patients, financed healthcare providers’ participation in international conferences and medical exchange programs, and supported development of health-related infrastructure in Ghana.
As one of the foremost financial institutions in the country, Stanbic Bank has committed to ensuring that the vast majority of Ghanaians have access to financial literacy, which is key in reducing inequality. In keeping with this commitment, the bank provided consumer education and financial literacy to help people make more informed decisions.
As a keen interest area, the bank supported radio stations across the country to deliver financial literacy programmes. They also organised four quarterly breakfast meetings to discuss socio-economiec issues, reaching millions of Ghanaians through radio, TV and social broadcasts.
Partnership with the Volta Regional Coordinating Council
In acknowledgement of the critical role small businesses play in the economy of the country, Stanbic Bank in 2023 gave over 5000 SMEs access to existing and potential clients by partnering with the Volta Regional Coordinating Council to organise the 5th Volta Fair, 1000s of female led enterprises benefitted from trainings, insights and opportunities from a 4-week meet and greet event that brought together approximately 3000 women entrepreneurs to network, learn and sell. Over 1000 young enterprise owners also benefitted from the bank’s business incubator programmes at the SBIncubator.
In 2023, Stanbic Bank continued financing agriculture and empowering Small and Medium Enterprises (SMEs) in the sector to ensure sustenance of the sector as the main driver of the country’s economy. The bank continues with its 16-year tradition of supporting the National Farmers’ Day celebration with a Massey Ferguson MF 375 tractor to the Ministry of Food and Agriculture (MoFA). The bank also planted over 2000 trees across the country towards mitigating the impacts of climate change, and improved access to reliable and sustainable energy sources.
Aside offering the youth learning experience, equipping them with education and skills required for the modern world of work through internships, the bank also took great interest in youth talent development.
Largely focusing on Sports, Stanbic Bank supported various tournaments across all sports disciplines which helped young Ghanaians to demonstrate their talents on a highly-competitive levels, build their confidence through the sport they love, and of course, find and cement bonds with their community of fellow players.
These strategic investments show that Stanbic Bank Ghana’s commitment to the country goes beyond financial services. The bank, through its community engagements and initiatives, is fostering positive change across the nation. By working in close collaboration with communities, Stanbic Bank is not just driving Ghana’s growth, but weaving itself into the very fabric of the country’s socio-economic development story.
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