Stanbic Bank’s software will reduce revenue leakages - Korle-Bu PRO explains

Mustapha Salifu, the head of Public Relations (PR) Korle-Bu Teaching Hospital has, in the response to why the hospital terminated Unibank, a Ghanaian wholly-owned bank’s contract for Stanbic bank, a foreign bank that Stanbic bank provided a software that would plug is revenue leakages in the hospital.

He said in a statement he signed last Friday that “Stanbic Bank successfully presented an efficient software while UniBank failed to turn up during the two presentation sessions. Management thus awarded a contract to Stanbic Bank to pilot the new software in the entire hospital which is valued at USD240, 000.”

According to Mustapha, the software if implemented will simultaneously reduce revenue leakages and increase our revenue base while improving the hospital’s operations in several other areas, both operational and clinical care.

Explaining how the hospital settled on Stanbic, the head of PR said “A total of six banks were shortlisted to undergo a competitive selection process which was scored in 2015. Stanbic Bank emerged first and UniBank was 4th. A decision was taken to select Stanbic Bank that was first and UniBank that was 4th to partition the collection of revenue in the hospital.

When the Hospital submitted the names of the two banks to the Controller and Accountant General’s Department for approval, it raised issues about weaknesses in UniBank’s operations in two other hospitals in the metropolis. These issues were: reconciliations challenges, delays, non-provision of real-time access to relevant stakeholders.

In spite of the advice of the Controller and Accountant General’s Department, an MoU was signed, appointing UniBank to simultaneously collect revenue in the Hospital with Stanbic Bank with the proviso that any party can terminate the MoU giving 90-DAYS NOTICE OF TERMINATION.

Below is the full unedited statement: