The University Students' Association of Ghana (USAG), has established a scholarship scheme known as “Nnoboa Fund” with a target of GH¢50,000 to support needy and brilliant students.
Students in universities have to contribute towards the scheme, while a special Board of Trustees would be set up to liaise with the Students' Representative Councils (SRCs) to ensure the disbursement of the funds to beneficiary students.
Maxwell Ofosu Boakye, president of USAG, said this at a news conference in Kumasi to throw more light on the programmes and activities of the association.
He said a USAG Loan Trust and an Investment Fund were also in the offing to enable students to undertake viable ventures while in school and after completion of their courses.
Mr Boakye appealed to the government, churches, individuals and Non-governmental Organisations to donate to the fund.
He expressed regret at the recent violent clashes between students of the Unity and Katanga halls of the Kwame Nkrumah University of Science and Technology (KNUST) and expressed the hope that the committee set up to investigate the causes of the incident would come out with solutions to ensure peace in the university.
He also touched on the impasse between the SRC and the management of the Islamic University in Accra which led to the resignation of the SRC president and his secretary, and urged all stakeholders to help investigate the matter.