Prince Alwaleed Bin Talal Bin Abdul Aziz Alsaud of Saudi Arabia has donated one million dollars (8.6 Billion Cedis) to three institutions in the health and education sectors of the country to promote their activities.

Six hundred thousand dollars ($600,000) of the amount goes to the health sector for research into malaria, malnutrition in children and HIV/AIDS; $300,000 for Pre-School education and $100,000 for the Otumfuo Education Fund.

Mr Jude Bucknor, an Investment Banker and representative of the Citi Bank Group in Ghana of which Prince Alwaleed is a majority shareholder announced this at a luncheon held in honour of the Saudi Prince by President John Agyekum Kufuor at the Castle, Osu.

President Kufuor commended Prince Alwaleed for the gesture.

The donation was in response to an appeal made by President Kufuor when the Prince called on him at the Castle, Osu last Tuesday to assist pre-school education and research institutions in the health sector.

The 48-year-old Prince, who is leading a 22-member business delegation on a three-day exploratory investment visit, is also the Chairman of the Saudi-based Kingdom Holding Company. He has since left Accra for Lome, Togo.