The University of Cape Coast (UCC) Business School has launched a development fund to support the attainment of the academic entity\u2019s vision to be the best Business School in Africa within the next decade.<\/p>\n
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.<\/p>\n
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.<\/p>\n
He was speaking at a launch and fund raising event organised by the University in Accra.<\/p>\n
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.<\/p>\n
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\u2019s level).<\/p>\n
He said funds raised, would be invested for a period of three years while more funds is raised.<\/p>\n
\u201cFrom 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.\u201d<\/p>\n
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\u2019s internally generated funds.<\/p>\n
The School, aims to raise GH\u00a25,000,000.00 as seed capital for the fund and targeted to raise GH\u00a2200,000.00 at the launch event, which was attended by alumni of the school and representatives of the corporate world.<\/p>\n
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.<\/p>\n
\u201cWe have the capability to train our own to build our nation Ghana,\u201d he stated; citing the success of alumni of the school in the business world.<\/p>\n
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.<\/p>\n
He urged the school to focus more on developing the IT infrastructure so that, the students would be able to compete effectively in world.<\/p>\n
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.<\/p>\n
He asked the alumni and business community to donate to the fund.<\/p>\n
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.<\/p>\n
About GH\u00a2160,000 was raised at the event, with assurance of more from other groups.<\/p>\n
–<\/p>\n
Source: GNA<\/p>\n","protected":false},"excerpt":{"rendered":"
The University of Cape Coast (UCC) Business School has launched a development fund to support the attainment of the academic entity\u2019s 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, […]<\/p>\n","protected":false},"author":14,"featured_media":216042,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\n