UCC launches development fund

The University of Cape Coast (UCC) Business
School has launched a development fund to
support the attainment of the academic entity’s
vision to be the best Business School in Africa
within the next decade.

The Fund, would be managed by a nine-member
Board of Trustees, who are expected to cater
for the development of infrastructure, student
support, as well as teaching and research
activities.
Professor Edward Marfo-Yiadom, Dean of the
UCC Business School, said in order to position
the school to achieve its vision of becoming the
best in Africa in the near term, there is the need
for massive investment into the school that
could not be done by the University alone, thus,
the need to establish the fund.
He was speaking at a launch and fund raising
event organised by the University in Accra.
He said to achieve the vision, the school needs
to improve its infrastructure, improve
Information Technology facilities for teaching
and learning and also recruit high quality faculty
staff and students.
He explained that the school has planned to
introduce a Doctor of Philosophy programme in
the next year in addition to its existing
undergraduate and postgraduate programmes
(master’s level).
He said funds raised, would be invested for a
period of three years while more funds is raised.
“From the fourth year, the school will be able to
access a percentage of the investment income,
which will be used to support various activities
of the school.”
Prof Marfo-Yiadom said sources of the funds
would include student and alumni contributions,
from the corporate world, individuals and a
percentage of the school’s internally generated
funds.
The School, aims to raise GH¢5,000,000.00 as
seed capital for the fund and targeted to raise
GH¢200,000.00 at the launch event, which was
attended by alumni of the school and
representatives of the corporate world.
Mr Samuel Nana Brew-Butler, Chairman of the
UCC Council and Chair of SEN Power
Generation, who launched the fund, said the
UCC Business School taught its students to take
advantage of opportunities in business and not
limit business to only buying and selling goods.
“We have the capability to train our own to build
our nation Ghana,” he stated; citing the success
of alumni of the school in the business world.
He recounted some experience in the
establishment of SEN Power and noted that with
the right training and hard work, it is possible to
build Ghana, independent of international
donors.
He urged the school to focus more on
developing the IT infrastructure so that, the
students would be able to compete effectively
in world.
Mr Henry Baye, Chairman of the Board of
Trustees and Head of Retail Banking at
Standard Chartered Bank Ghana, commended
the Board, saying, the members made it
trustworthy.
He asked the alumni and business community
to donate to the fund.
He noted that the school needs the investment
to be able to produce graduates who could
compete as global citizens in the world, being
abreast of developments in the global world.
About GH¢160,000 was raised at the event, with
assurance of more from other groups.

Source: GNA

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