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Here is what BoG’s GHC1.4bn to UT and Capital Banks can do for Ghana

Authors:

Magdalene Teiko Larnyoh

Ghana could use GHC 141 billion for several things which will benefit people and also help the Akufo-Addo government realise some of their campaign promises.

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The total amount given to these 2 banks is GHC1.41 billion.

Ghana could use this money for several things which will benefit people and also help the Akufo-Addo government realise some of their campaign promises.

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Below are some of the things Ghana could have used the money for.

• Purchase ambulances

A fully fitted ambulance cost GHC500,000. This means the government could have bought 2,940 ambulances with the money.

• Build fully equipped 120-bed district hospitals

The price of one fully equipped 120-bed district hospitals is GHC150 million. This means the government could construct 10 of such facilities

• Incubator

One incubator is selling at GHC240,000. GHC1.41 billion could buy 6,125 incubators.

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• Build Komfo Anokye maternity

Until the first lady, Mrs Akufo-Addo took it upon herself to help complete a maternity block at the Komfo Anokye Hospital, all they needed was 334,957,000 to complete the structure.

The construction of the maternity block began in 1974. It took Mrs Akufo-Addo’s support to complete it.

• Affordable housing units

A three-room affordable housing unit costs, averagely, GHC60,000. GHC141 billion can provide 2,350 million houses for Ghanaians.

Authors:

Magdalene Teiko Larnyoh Magdalene Teiko Larnyoh A feminist at heart and a lover of art. She loves to write on business, politics and health.

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