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The Kwame Nkrumah University of Science and
Technology (KNUST) is raising GH¢2 million as seed money into an educational
fund to promote research and support students’ scholarship.
The drive to raise the fund was spearheaded by
the Asantehene, Otumfuo Osei Tutu II, who is also the Chancellor of the
university.
In a message sent through his Anantahene, Baffour
Agyei Fosu Twitwiakwa II, at the university’s Dinner Dance in Kumasi last
Friday, the Asantehene reiterated the need for KNUST to restrategise to tap
into non-traditional areas of raising funds to be able to live up to its mandate
of promoting science and technology education in the country.
Partnering the private sector
He indicated that with the right personalities at
the helm of the country’s universities, it should be possible for them to
partner the private sector to make up for the difference.
The outgoing Vice Chancellor of KNUST, Prof.
William Otoo-Ellis, announced that a fund management team outside the
university had been put in place to see to the investment and distribution of
the fund.
He said a platform had been created on the
university’s website to afford people the opportunity to make continuous
contribution towards the growth of the fund.
Prof. Otoo-Ellis noted that lack of financial
resources was the biggest threat to the university’s activities because it
affected the recruitment and retention of staff.
Story by Daniel Kenu
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