Home / News / Capital, UT Bank liquidation support could’ve bought over 2,900 ambulances

Capital, UT Bank liquidation support could’ve bought over 2,900 ambulances

Analysis of amount of money the Bank of Ghana gave to as liquidity support to collapsed UT and Capital Bank could have bought 2,940 ambulances for the country.

The amount, GH¢1.47 billion in total, could have bought ten times more than the required number of advanced ambulances at a unit cost of 500,000 cedis each.

The country, which currently cannot boast of a functional emergency healthcare system as it has only 55 working ambulances which serve the entire population of almost 30 million.

The team estimates the GH¢1.47 billion which according to an investigative report was misused by management and board members of the bank could have been used to improve Ghana’s health sector.

The money could have funded the construction of 10 district hospitals with 120 beds each or provided 6,125 incubators to address the challenge of child mortality or 2,940 ambulances.

The infographic below has details

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