The HFC Bank is to construct a six-classroom block for the Kotobabi "2A" Primary School to give comfort to both teachers and pupils as well as enhance teaching and learning.
The project, which cost and duration were not disclosed, is to replace the school's existing shed-like structure that is a source of worry to
teachers and pupils especially during rainy and windy.
Nana Agyei Duku, Board Chairman of HFC Bank, cut the sod for the commencement of the project at the school's premises at Kotobabi in the Tema
Metropolis on Tuesday.
In a statement, Mr Asare Akuffo, Managing Director of HFC Bank said the project, which was in line with the bank's social responsibility to its catchments, formed part of activities to mark the HFC's 20-years of
existence in the country.
Mr Akuffo said HFC Bank, which began operations as Home Finance Company
before its incorporation into a full-fledged financial institution in 2003,bought the first set of homes for its customers at the Kotobabi area, adding "it is appropriate that we remember the town and come to develop the school during our 20th anniversary".
He said the development of education especially at the basic level was dear to the bank noting this underscored its investment in the sector and mentioned Asante Akyem as one of the areas that it supported basic school infrastructure development.
Mr Akuffo said the bank had made tremendous gains over the years disclosing that its total asset had grown to GH¢268 million.
He said the bank would this year embark on a massive home infrastructure development and called on the public to do business with it to enable them to benefit from the home finance package.
Mrs Philomena Baltes, Deputy Director, Human Resource Management Department of the Tema Metro Education expressed appreciation to the bank
for coming to the aid of the school.
She urged the Bank to move beyond the construction by offering scholarships to brilliant but needy pupils in the school.
Ms Gifty Mawusi, Headmistress of the school thanked HFC Bank for the intervention saying this should end the perennial discomfort that teachers
and pupils faced in terms of wind and rain and the abuse of property by residents who visited the compound during weekends and holidays.
The Kotobabi (2A) Primary School was constructed in 1977 and currently has a population of 530.