General Electronics Ghana (GE) has signed a 100,000 Dollar Memorandum of Understanding (MoU) with the University of Ghana (UG) to support a four-year term of education for 25 to 50 fresh brilliant but needy applicants for the 2015 academic year.
Eighty per cent of the scholarship funds would be committed to support underprivileged but brilliant students offering Applied Sciences and the remaining 20 per cent would fund an annual excellence awards for students who distinguished themselves in their various disciplines.
Professor Kwame Offei Pro- Vice Chancellor of UG singed the MoU for the university while Mr. Leslie Nelson, Chief Executive Officer of GE signed for his company.
The Pro-Vice Chancellor said the partnership was in pursuance of the University of Ghana’s vision to create equal opportunities for all qualified applicants to gain access to tertiary education in Ghana.
This, he said, was in line with UG’s vision to become a world class research intensive university.
The scholarship, according to him, followed a discussion with the company last year to develop a frame work for a financial aid programme for UG students in relevant areas that build Ghana’s capacity in the Oil and Gas sector.
“We will constantly seek creative ways to enhance service to students as well as reach out to those who may not be able to go through their programme successfully without some financial aid,” he said.
He observed that the cost of education had been shooting up and the government had not been able to shoulder it hence, the need for all institutions to come on board to help provide quality education to brilliant but needy students.
Mr. Leslie Nelson, Chief Executive Officer of GE, said his company would continue to support and fund the scheme to enable it to grow as part of GE’s Corporate Social Responsibility (CSR).
“GE as a company has been looking forward to develop talents and capacity, to challenge grandaunts to come up with innovative ideas to develop society” he stated.
He challenged graduants to create local jobs to keep the youth in the country to enable them contribute their quota to national development.
The call for applications for the scholarship aid would begin by August after which selection of qualified applicants would be done in November this year.
By Linda Aryeetey