As part of measures to mitigate the economic impact of the novel Coronavirus (COVID-19) pandemic on individuals and businesses in the country, Dalex Finance, is offering loans to all its DalexSwift investment clients at a zero percent interest rate for the next three months.
The bank’s offer comes after the Bank of Ghana in a series of actions urged all financial institutions operating to take adequate steps to help alleviate the economic impact of the outbreak in the country.
Currently, Ghana has already recorded 287 COVID-19 cases with five deaths and three recoveries.
The rate of increase in cases has forced government to impose a lockdown of Accra, Kasoa, Tema and Kumasi, a situation which has left most businesses in major economic hubs inactive.
In a statement issued by Dalex Finance, Chief Executive Officer Kenneth Thompson stated that the company recognizes the inconveniences the lock-down will have on its customers, and urged them to patronize the offer.
“The offer is to help alleviate the challenges that DalexSwift clients would be facing during the Public Health Restrictive Regime caused by the COVID-19 pandemic. Clients facing a temporary cash deficit can take a loan without breaking up their investments. This loan was charged at 24% per annum but is now at zero percent for the next three months,” he noted.
“DalexSwift makes it easy and convenient for its clients to build an investment though periodic contributions over the mobile phone. The minimum contribution is one cedi. The client’s phone number is their account number and the investment earns an attractive compound interest rate higher than the Treasury Bill rate,” he added.
The CEO also pointed out that, “accepting the inconveniences of a lockdown represents a direct investment in our health.”
He further called on all Ghanaians to use the lockdown period to further invest in their relationships with loved ones and to invest in improving their skills.