Ghana’s Fidelity Bank In $3.9m Private Health Partnership With USAID
Wednesday, October 29, 2014
In a bid to provide funding for private health facilities, top tier Fidelity Bank Ghana Limited and the United States Agency for International Development have signed a $3.9 million deal that will see laon facilities availed for private hospitals and clinics accredited by the country’s National Health Insurance Authority or those seeking NHIA accreditation.
A statement issued by the Global Media Alliance said the USAID will, through its Strengthening Health Outcomes through the Private Sector (SHOPS) program, provide direct support to both Fidelity Bank and borrowers under the proposed facility. It explained that the agreement would help unlock new products that would facilitate health care financing in the country and address the high cost of health care, which remains a major barrier to access, especially for the poor who spend a greater share of their household income to meet their health care needs.
USAID has used similar models in other African states to support sectors with high prospects for growth, the statement added, stating that since 1999, USAID has been designing and delivering alternatives to unlock financing for entrepreneurs in the developing world.