Professor Joshua Alabi (1st from right), Board Chairman of GCB, Farihan Alhassan (3rd from left), Managing Director of GCB, and other staff with Yagbonwura Bii-Kunuto Jewu Soale I (middle), Overlord of Gonja Kingdom

GCB Bank supports education, water production in Gonja area

Mohammed Fugu Business News Jul - 22 - 2025 , 12:57

GCB Bank PLC has donated GH¢200,000 to the Gonja Traditional Council to support education and improve access to potable water in the Savannah Region.

Half of the amount (GH¢100,000) has been allocated to the Yagbonwura Bii-Kunuto Jewu Soale Educational Trust Fund to assist brilliant, needy students in the region.

The remaining GH¢100,000 will be used to construct 15 boreholes within the Damongo to help address the acute water crisis in the area.

The donation forms part of the bank’s corporate social responsibility to give back to communities, especially within its operational areas.

The gesture followed an appeal made by the Overlord of the Gonja Kingdom, Yagbonwura Bii-Kunuto Jewu Soale I, during a courtesy visit by the Managing Director of GCB Bank, Farihan Alhassan, after his appointment.

Presentation

At a brief ceremony to present the cheque in Damongo last Friday, the Board Chairman of GCB Bank, Professor Joshua Alabi, highlighted the vital role education played in national development and stressed the need for collective support to enable underprivileged students to pursue their education.

"We all know the importance of education and what an educational trust fund is meant for. We all must contribute to supporting brilliant needy students," Prof. Alabi said.

He said the Gonja Kingdom had produced many leaders across various sectors, and expressed confidence that with the right support, it could nurture more leaders and contributors to national development.

He encouraged students in need to take advantage of the Educational Fund to further their education.

Water crisis

On the donation for the construction of 15 boreholes, Prof. Alabi said the gesture would help to address the persistent water crisis in the area.

"When water is available, workers and students can go about their activities on time. When it is not, they spend valuable time searching for water," he said.

The GCB Bank Board Chairman added that the construction of the boreholes would also help reduce waterborne diseases and improve the living conditions of the people of Damongo.

For his part, Mr Alhassan said the gesture was in line with the bank’s commitment to support local communities and forge strong partnerships with traditional authorities.

"We are not doing this only in Damongo.

We are making similar donations in other parts of the country to fulfil our goal of giving back to society," the GCB Bank MD said.

He indicated that the cost of constructing the boreholes had already been paid to the contractor about a month ago to ensure swift commencement of work.