Accra, Oct. 3, GNA – The management of the
University of Professional Studies, Accra (UPSA), has awarded scholarship
packages to 20 of its students for the 2018/2019 academic year, under the Vice
Chancellor’s Endowment Fund (VCEF).
The initiative aims at supporting brilliant
financially challenged Ghanaians who want to pursue or are pursuing
undergraduate programmes in the University.
VCEF is an investment fund established for
receiving third party donations as well as contributions from the University’s
Internally Generated Funds, specifically with the purpose of generating
operating income for scholarships
The beneficiary students include Adam Faishal,
Stanley Quarshie, Hannah Annorbea, Nana Kwaku Ofosu, Savior Korda, Benjamin
Alinyo, Michael Agyemang Duah, Emmanuel Kwaku Letsa and Mirielle Abena Mensah.
The rest are Bernard Agyei Asiedu, McPhelan
Atti, Halifax Addo-Twum, Prominent Edukor, Abigail Simon, Precious Akpene
Amenyoh, Freeman Edem Agorkpa, Emmanuel Asiedu, Michelle N. Lamiley Mills, Paul
Dwebeng and Enoch Agyire.
Professor Abednego Feehi Okoe Amartey, Vice
Chancellor, UPSA, said upon his assumption of office as Vice Chancellor, he
observed that a number of students were either deferring their courses or
eventually dropping out of school.
He said some were dropping out of school not
because they were not performing academically, but due to financial
Prof Amartey said this led to a discussion
with the University Council on the establishment of an endowment fund to
support needy but brilliant students.
He said Ghana would lose intellectual manpower
resources required for national development if high potential students were
excluded from tertiary education on the basis of financial reasons.
The Vice-Chancellor expressed the hope that
the Fund would be able to cater for more students as compared to 2018/2019
beneficiaries, and tasked students and alumni to be committed to the initiative
and as well promote other causes in the interest of the University.
Mr Millison Narh, Board Chair of VCEF, said
the goal of the VCEF was to improve access to university education in the
country by enabling bright and needy students to receive free undergraduate
education at UPSA.
He said the fund was targeting GH¢100 million
as its seed capital within four years.
He said the total funds raised since the
inception of the fund was GH¢333,000.00 and this entire amount had been
invested in a 91 Day fixed deposit account which attracted a total interest of
Mr Narh recounted that the 2018/2019 VCEF
scholarship application interviews were conducted from September 5 to 7, 2018.
He said in all, a total of 48 applicants were
received and processed for the interviews.
He said the Committee developed a rating scale
that was used to evaluate each applicant after the interview, however, out of
the 43 applicants interviewed; the top 20, having met the eligible criteria,
were found deserving of the award of the scholarship,
He expressed the hope that the Board would
increase the quantum of scholarship awards next year, to take care of more
brilliant but needy students.
“The Board will seek opportunities to
attract external donations from UPSA alumni in the diaspora as well from
foreign donor institutions and individuals,” he said.
Dr George Akuffo Dampare, Director General,
Welfare, Ghana Police Service, also commended VCEF Fundraising and Award
Committee members, corporate organisations, the Vice Chancellor and UPSA Alumni
for their commitment to ensure the effective take-off of VCEF.
He said the nature of the initiative has been
structured such that the ownership does not rest with the Vice-Chancellor or
the University Council but virtually every group affiliated to the University;
stating that that was a mark of leadership by excellence.
Dr Dampare tasked the beneficiaries to make
stakeholders proud by their academic and moral output; to encourage
contributors to continue donating for others to also benefit.
“But if we provide the funds to support you
and you end up doing anything that does not make you a role model; then you
will be doing the people who will come after you ,in terms of wanting to
benefit from the fund, a great disservice”, he added.