THE Ghana Reinsurance Company Limited (GRC) has presented a cheque for ¢50 million to the University of Ghana, Legon, as its contribution to the fund for needy but brilliant students of the university.
The amount, presented by Mrs. Christine Dowuona-Hammond, chairperson of GRC Board, seeks to support the Students Financial Aid Office (SFAO) of the university.
Established in August 2005, SFAO supports the mission and aspirations of the university to develop world-class human resources and capabilities to meet national development needs by enabling students to significantly reduce or eliminate financial barriers that might prohibit their access to the university.
To qualify to apply for the financial assistance, a would-be beneficiary must be a Ghanaian, be enrolled as a regular student in full time programme of study, be able to demonstrate financial need, be brilliant, and be making excellent academic progress as determined by the university.
Mrs. Dowuona-Hammond noted that the need to contribute to the development of the country's manpower needs is of paramount interest to the Board and Management of the company.
She noted that as a result of that interest and concern, GRC promptly responded to a call by the College of Health Sciences for financial support for the establishment of its postgraduate programme.
She said since 1998, GRC had consistently made annual donations towards the college's postgraduate programme.
Prof. Clifford Nii Boye Tagoe, Vice Chancellor of the University who received the cheque on behalf of the University, commended the GRC for their immense contribution to the country's educational needs.
He said that the issue of funding education in this country has for a long time been a big problem, which the government alone could not handle.
He said it was for that reason that appeals had been made to organizations, institutions, corporate bodies, churches, government agencies, alumni and public-spirited individuals to contribute their quota to enhance the country's educational agenda.