Ghana Malaria Foundation to raise $200m to fight malaria

The Ghana Malaria Foundation has made a projection in raising about USD $200m in the fight against malaria.

The goal of the foundation is to build a sustainable resource base for the fight against Malaria in Ghana by positioning Ghana Malaria Foundation as an authentic, transparent and accountable source of funding.

The key areas of the five-year strategy are: Resource Mobilization which covers Advocacy, Fundraising and Communication; Institution Building which covers Governance, board development and strengthening and committee identification; and Operations spearheaded by a Secretariat.

Speaking at a media briefing today [Wednesday] Board Chairman and Ambassador for the Foundation, Prince Kofi Amoabeng, said the Foundation will identify a recognized accounting firm to monitor gift and cash management policies and practices to ensure international standards of transparency and accountability.

As part of the strategy and action plan, the secretariat will remain closely yoked to the board of trustees.

According to him, select committees including finance and executive will meet monthly (virtually or in person) to generate and review monthly reports. The board he announced will meet quarterly to review progress and make required adjustments to stay on course.

The Ghana Malaria Foundation is a first-of-its-kind private sector led private public partnership. The Foundation will be charting new territory in the Ghanaian philanthropy sector.

According to him, the Foundation anticipate a slow and steady progress to meet its objective of closing the funding gap for malaria programming in Ghana but are confident that working together with Ghana government, national and international partners, the general public, and indigenous practitioners we will achieve the target of malaria free Ghana free Ghana by 2030, Mr. Prince Amoabeng stated.

The partnership for financial sustainability includes a 50% general population, Groups, Associations and Coperations-30% and International Grants and Funds-20%.

He said, ‘’funding for malaria has been heavily dependent on international donors although Ghana government has played an important role in infrastructure development…There has consistently been a gap in the funds required to deploy malaria interventions in order to move from control to elimination. The Ghana Malaria Foundation is a private sector-led public private partnership set up to lead the process for generating domestic funds and search for alternative means to eliminate malaria from Ghana by the year 2030. The funding according to the foundation would seek diversified funding sources to prevent dependency on any one source and develop resource generation strategies in order to ensure sustainable fundraising.

The foundation will establish an annual calendar of events such as Ghana Malaria Day, The Ghana Malaria Foundation Walk, The Ghana Malaria Foundation Golf Tournament, and The Ghana Malaria Foundation Gala.Ghana Malaria Foundation to raise