Corporate Ghana has received a strong reason to support life-saving healthcare, and the leadership of Safebond Africa Limited is already leading the way.
The Group Executive Chairman, Krobo Edusei Jnr., has called the 100% tax deduction for corporate donations to the Ghana Medical Trust Fund (GMTF) a significant and strategic incentive that can unlock substantial private sector support for the Fund’s life-saving mission.
Mr. Edusei Jnr. made these comments while leading a delegation from Safebond Africa Limited to the Trust Fund’s Secretariat to present a generous donation of GHC100,000 for the Fund’s ongoing Kyɛrɛ Wo Dɔ (Show Your Love) Drive.
“Tax Deductible? Then We Can Do This Monthly”
For the head of Safebond Africa, the tax incentive is not just a policy; it is a practical facilitator.
“We feel fortunate because our President, in his wisdom, has chosen to intervene to make healthcare more accessible to Ghanaians. We find this very commendable. More importantly, for us as businesspeople, tax deductibles are very significant,” he stated.
He stressed that the guarantee of tax deductibility makes ongoing contributions not only feasible but also practical.
“If it is tax deductible, then we can keep supporting the Trust Fund monthly. I don’t want to claim we are overly generous, but since the President and the Minister of Finance have indicated that for this project to succeed and for the private sector to contribute, we must also provide them with an incentive, this is very encouraging,” he reiterated.
His remarks indicate a potential major change in corporate philanthropy, where structured incentives align with social responsibility to create lasting impact.
A Boost for the Fight Against Chronic Diseases
The Ghana Medical Trust Fund was created to assist Ghanaians facing chronic non-communicable diseases, as the costs of treatment often lead families into financial hardship. Since treatments like dialysis, cancer care, and other specialized services require substantial funding, ongoing financial support is essential.
Upon receiving the donation, the Fund’s Administrator, Adjoa Obuobia Darko-Opoku, expressed deep appreciation to Mr. Edusei Jnr. and his team for what she called a timely and impactful contribution.
She emphasized that the Trust Fund’s operations are very capital-intensive and cannot depend solely on government funding.
“All activities of the Trust Fund need considerable resources. Support from corporate Ghana, in addition to state funds, is what will ensure the success of this initiative,” she remarked.
She noted that the tax incentive policy is a strategic move to promote greater involvement from the private sector and to guarantee the sustainability of the Fund’s life-saving efforts.
A Call to Corporate Ghana
The Administrator took this opportunity to urge corporate entities nationwide to follow the example set by Safebond Africa Limited.
As the Kyɛrɛ Wo Dɔ Drive gains traction, the message from both the private sector and the Trust Fund is clear: when government policies align with corporate goodwill, lives can be saved on a larger scale.
With a GHC100,000 donation already pledged and a commitment to ongoing monthly support, the challenge is now directed at corporate Ghana: will others step up?
