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Press Releases of Wednesday, 6 December 2023

    

Source: Coronation Insurance Ghana

Coronation Insurance Ghana's compassion shines through: A beacon of hope for Akosombo Dam Spillage Victims

Executives captured in a photo Executives captured in a photo

In the wake of the devastating Akosombo Dam spillage, Coronation Insurance Ghana has emerged as a beacon of hope for the displaced victims, showcasing their commitment to corporate social responsibility and the well-being of communities.

The unfolding crisis, triggered by the dam's water levels exceeding its operating capacity due to the impacts of climate change, has left thousands of Indigenous people in dire need. However, Coronation Insurance Ghana's recent donation of GHS 20,000 through the Citi FM relief initiative is a testament to their dedication to transforming lives and supporting those affected by the disaster.

Understanding the Crisis: Akosombo Dam Spillage

The Akosombo Dam, a crucial source of hydroelectric power for Ghana, faced a severe threat as increased rainfall pushed water levels beyond the maximum operating capacity of 276 feet. The spillage, initiated on September 15 at a discharge rate of 183,000 cubic feet per second, intensified on October 9 due to continuous rising water levels.

The resulting flood wreaked havoc in the Volta and Greater Accra Regions, particularly impacting communities along the Volta River downstream. The town of Mepe, in particular, bore the brunt of the disaster.

Impact on Communities and Education

The spillage displaced an alarming 31,000 individuals across eight communities by October 19, leaving families without homes, belongings, and sources of livelihood overnight. The devastating consequences extended to education, with schools forced to close and students left without access to learning opportunities.

The situation called for urgent intervention and support from both public and private entities.

Coronation Insurance Ghana's Response: A Gesture of Solidarity

In response to the crisis, Coronation Insurance Ghana stepped forward with a compassionate donation of GHS 20,000 through the Citi FM relief initiative. Duote Enoch Narh, the Chief Finance Officer at Coronation Insurance Ghana, expressed heartfelt condolences to the affected families, emphasizing the company's commitment to standing in solidarity with the community during these challenging times.

Nii Nertey Nettey, Head of Compliance at Coronation Insurance Ghana, highlighted that the donation goes beyond a mere financial contribution. Instead, it represents an investment in the well-being and resilience of the community. Mr. Nettey stated, "Coronation Insurance views this donation as a commitment to the community's recovery and rebuilding process. Our support goes beyond finances; it is an expression of solidarity and a belief in the strength of communities to overcome adversity."

A Call for Collective Support

Coronation Insurance Ghana's contribution serves as a call to action for other organizations and individuals to join hands in supporting the Akosombo Dam spillage victims. Collective efforts are crucial in rebuilding lives and communities, and Coronation Insurance Ghana invites others to make a positive impact during these challenging times.

A Community United in Resilience

As the Akosombo Dam spillage victims grapple with the aftermath of the disaster, Coronation Insurance Ghana's support shines as a beacon of hope. Their commitment to transforming lives and contributing to the well-being of communities exemplifies the strength of corporate social responsibility in times of crisis.

As the community unites in resilience, Coronation Insurance Ghana's gesture stands as a testament to the power of collective compassion and the impact it can have on rebuilding lives and restoring hope.



Kelvin Atiapah, Acting Head, Marketing and Communications, Coronation Insurance, Ghana; Enock Narh, Chief Finance Officer, Coronation Insurance, Ghana; Abayomi Ogunshola, Head, Technical Operations, Coronation Insurance, Ghana; Bernard Avle, Citi FM; Nii Nertey Nettey, Head, Internal Control & Compliance, Coronation Insurance, Ghana; during the event, where Coronation Insurance Ghana LTD donated GH¢ 20,000 to the Citi FM relief initiative team to assist the victims affected by the catastrophic Akosombo Dam spillage, recently.