The Finatrade Foundation, the social responsibility arm of Finatrade Group of Companies has increased its number of beneficiaries of scholarships at public universities from 5 to 25 students for the 2015/16 academic year.
The Foundation also increased its bursary per student from GH¢800.00 to GH¢1,000.00 per year.
Mr John Awuni, Executive Secretary for the Foundation said this at the induction ceremony for five new beneficiary of the scholarship at the University of Ghana, School of Agriculture yesterday.
The occasion was also used to present bursary cheques to other Finatrade Foundation scholars in various levels in the school.
Mr Awuni said since 2003 when the scholarship was initiated, a total of 223 students have benefitted from the under graduate programme from the four traditional universities (KNUST, UG, UDS, and UCC).
He said 12 have also benefitted from a post graduate programme which started in 2010 while most of the beneficiaries benefitted from the compulsory internship programme organised at the end of the last semester of their third year.
Mr Awuni said just like previous years, the performance of the Finatrade Scholars from the various campuses has been excellent with most student attaining First Class and 2nd Class Upper.
He said it was in view of this that the Executive Council of the Foundation decided to increase the number of beneficiaries from 5 to 25 students per university, making it a total of 100 beneficiaries in an academic year.
Mr Awuni said since 2003, the Foundation had spent over GH¢2 million in humanitarian activities saying, “The Foundation will continue with its educational programme of awarding scholarship to brilliant but needy students and other philanthropic initiatives that will benefit Ghanaians”.
He advised the students to make good use of the money and study hard to justify the confidence response in them.
Prof. John Ofosu-Anim, Dean of School of Agriculture, commended the Finatrade Group for the continuous support of students in the school.
He said the bursary in no terms has continued to support the students in their various academic activities which have helped in ensuring good results in their final year.
By Lawrence Markwei