Republic Bank (Ghana) PLC, as a corporate entity, interacts with and influences its community in distinctive ways. Corporate Social Responsibility (CSR) remains essential to our operations. The Bank acknowledges the importance of ensuring Sustainable Growth and enhancing Shareholder Value for its success. Equally significant is the Bank’s role as a responsible Corporate Citizen, contributing to community development where it operates, ultimately benefiting all Ghanaians. The Bank actively positions itself as a driving force, embodying a compassionate presence in the Ghanaian market.
Republic Financial Holdings Limited (RFHL), parent company of Republic Bank (Ghana) PLC, embraced the United Nations Sustainable Development Goals (SDGs) in 2021. Republic Bank (Ghana) PLC has therefore aligned its Corporate Social Responsibility with the SDGs as a key strategic focus for the next three (3) years. The Bank has aligned with four (4) SDG areas namely, Good Health and Well-Being (SDG 3), Quality Education (SDG 4), Clean Water and Sanitation (SDG 6), and Climate Action (SDG 13).
The Bank’s CSR initiatives also operate under the RFHL Group’s ‘Power to Make a Difference’ (PMAD) brand, structured around four pillars: Power to Learn: Engaging youth through education, culture, and the arts; Power to Care: Focusing on health issues, elderly care, and raising awareness for the differently abled; Power to Help: Addressing poverty alleviation, and Power to Succeed: Tackling environmental issues, entrepreneurship, and sports development.
Under the PMAD banner, the Bank sustained its support for major educational and health institutions and contributed to cultural and national activities in its operational areas. The Bank allocated approximately GHS 1,005,189.98 (2022: GHS 805,138.94) towards its CSR and PMAD activities for the year ending December 31, 2023. Specific details of these initiatives are as follows:
INSTITUTIONAL SUPPORT:
Purchase of laptops for Software training for:
- University of Ghana Business School (UGBS), Department of Accounting
- University of Ghana, Vice Chancellor’s One-Student, One-Laptop Project
- Maintenance of the African Union (AU) Square in Accra
Sponsorship of the following:
- University of Ghana Student Financial Aid
- C.K. Tedam University, Navorongov
- National Partnership for Children’s Trust (NPCT)
- Thyroid Foundation Ghana
- Ghana Chamber of Construction in Young Women in Technical and Vocational Education Training (TVET)
- Accra Parent, Preschool and Child Care
- Jospong Group of Companies
- Ghana National Petroleum Company (GNPC) Foundation Career Fair
- Ghana Garden and Flower Fair
- Wassa Dunkwa Government Hospital
- Ghana National Service Personnel, Cape Coast
- National Health Insurance Scheme (NHIS), World Health Organization (WHO) Universal Health Coverage Conference
- Ghana Society for the Physically Disabled
- Konzonkala M/A Junior High School, Jirapa Upper West Region
- Ghana Registered Nurses and Midwives Association
CORPORATE DONATION S
- Nana Saka Nkansah School
- Ghana Blind Union
- Nsroma Cricket Academy
- Pearl House Foundation
- Goaso Traditional Area
- Eluo Festival of Sefwi Wiawso
- Krachi State Yam Festival
Farmers Day Celebration: –
- Korle Klottey Municipal Assembly
- Asunafo North Municipal Assembly
- Ashaiman Municipal Assembly
B5 Plus Company
STAFF VOLUNTEERISM PROGRAM (SVP)
- Refurbishment and Donation to Osu Maternity Home
- Wassa Dunkwa Government Hospital, in Western North
- Tamale Metro Clean-Up Exercise, in Tamale
- Cape Coast Metropolitan Clean-Up Exercise, in Cape Coast
- Clean-Up and Donation to New Juaben Market, in Koforidua
- Christ Faith Foster Home, in Adenta-Frafraha
OUTLOOK FOR 2024:
In 2024, our commitment to Corporate Social Responsibility is embedded in the DNA of the Bank. Embracing the principles of the United Nations SDGs together with our ‘Power to Make a Difference’ (PMAD), we prioritize initiatives that contribute to good health and well-being, clean water and sanitation, quality education, and climate action. We proudly supported numerous individuals and institutions in 2023 in these critical areas, and we are enthusiastic about expanding our impact even further in 2024 as follows: –
1. Strengthening Healthcare Access:
Building on our dedication to Good Health and Well-being, we aim to enhance our support for healthcare initiatives, ensuring access to quality medical services for underserved communities. Collaborating with healthcare institutions, we aspire to make a meaningful difference in the lives of individuals who need it most.
2. Advancing Clean Water and Sanitation:
Our commitment to Clean Water and Sanitation remains unwavering. In 2024, we plan to intensify our efforts to provide communities sustainable access to clean water and improved sanitation facilities. We aim to address the fundamental need for clean and safe water sources by partnering with local organizations. A key initiative is providing boreholes to Ghana’s communities needing clean and safe drinking water.
3. Empowering Quality Education:
Quality education is the cornerstone of societal progress. In the coming year, Republic Bank will focus on empowering educational institutions and initiatives that foster learning opportunities for all. Through scholarship programs, infrastructure development, and educational outreach, we aim to contribute to the educational advancement of future generations.
4. Championing Climate Action
Recognizing the urgency of climate action, we will continue to champion initiatives promoting environmental sustainability and Social and Governance (ESG) commitment to helping improve our world. Our commitment to mitigating climate change will be at the forefront of our CSR agenda, from supporting renewable energy projects to engaging in tree-planting campaigns.
5. Staff Volunteerism Initiative:
Our Staff Volunteering initiative is a testament to the collective impact that can be achieved when our dedicated team comes together to enforce our PMAD arm under our CSR. In 2024, we will continue encouraging our staff to actively participate in volunteering activities aligned with our CSR and PMAD focus areas. Whether contributing time to local community projects, participating in educational outreach programs, or supporting environmental conservation efforts, our staff will play a crucial role in amplifying the positive impact of our CSR initiatives.
As we embark on this journey into 2024, we remain steadfast in our mission to create a lasting and positive impact on the communities we serve. Together with our employees, stakeholders, and partners, we look forward to building a future where sustainable development is not just a goal but a shared reality.