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The Fund Manager
Ghana COVID-19 Private Sector Fund
Stanlib Ghana Ltd.
Stanbic Heights

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GHANA COVID-19 FUND > Governance

The Fund's Governance

The fund has extensive oversight by a number of individuals and organizations which offer checks and balances to each other to facilitate the efficient running of the fund. The oversight of the fund is structured as follows:
  • The trustees shall exercise overall responsibility for the FUND and the realization of its objects. It shall operate as the Governing Board of the fund and account to all donors of the FUND periodically (Monthly and Quarterly).
  • The first 10 funders shall be the Trustees of the FUND.

The FM shall:

  • Manage all inflows and outflows under the guidance of the trustees.
  • Promote the fund to target sources.
  • Evaluate all disbursement requests under the guidance of the Fund Technical Committee.
  • Initiate disbursement requests for consideration by the Trustees
  • Monitor and evaluate the impact and utilization of the funds

The Custodian shall:

  • Receive funds
  • Keep Funds
  • Disburse funds as directed by the fund manager in conformity with set rules approved by the trustees
  • Account for receipts and disbursements

The Fund Auditor shall:

  • Provide assurance services to the FUND and its donors.
  • Audit financials of the FUND and report to the board and donors as shall be agreed or required.
  • Monitor the use of funds by beneficiaries.

Administrating Parties

All nominated parties shall operate pro-bono.

The nominated Trustees of the fund comprise:
1. Mr. Anthony Oteng-Gyasi (Chairman, Tropical Cable & Conductor Ltd)
2. Mr. Edward Effah (Chairman, Fidelity Bank Ghana Ltd)
3. Mr. Kwaku Bediako (Director, CH Group)
4. Mr. John Taylor (CEO, Woodfield Energy Resources Ltd)
5. Mr. Omane Frimpong (Chairman, Wilkins Engineering Ltd)
6. Mr. Kwame Ofosu Bamfo (Managing Director, Bamson Group)
7. Mr. Kwabena Adjei (Group Chairman, Kasapreko)
8. Mr. Thomas Svanikier (Chairman, Svani Group Ltd)
9. Mr. Kwasi Twum (CEO, The Multimedia Group)
10. Mr. Senyo Kwasi Hosi (CEO, Chamber of Bulk Oil Distributors)
11. Julie Essiam (Commissioner, Ghana Revenue Authority)

Fidelity Bank Ltd

Ernst & Young represented by Pamela Des-Bordes (Partner)

Stanlib Ghana Ltd

Other Service Partners

Digital and Digital Marketing Partner
Legal Partner
Media & Public Relations Partner
Event Partner

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