President Akufo-Addo Launches University Of Ghana Endowment Fund
The President of the Republic, Nana Addo Dankwa
Akufo-Addo, has launched the University of Ghana Endowment Fund, which
is meant to provide additional funding and resources to enable the
University improve upon the delivery on its mandate.
Delivering an address at the event, held at the Great
Hall of the University of Ghana, on Monday 7th May, 2018, President
Akufo-Addo noted that the proceeds from the Fund are to assist in the
provision of additional facilities to enhance research and teaching.
Describing the Fund as an excellent initiative, he
stated that Endowment Funds, such as this, constitute the fulcrum around
which most world-class universities in the world operate.
“My government fully supports and shares in your
vision to become a research-intensive university, and we will do all in
our power to help you actualize this,” he added.
President Akufo-Addo, urged the University of Ghana,
and indeed all tertiary institutions in the country, to find innovative
and effective ways of linking up with industry and the corporate world,
to engage in quality, strategic research, targeted at finding practical
solutions to real life challenges of our society, and thereby actualize
research findings to the benefit of our country.
“Indeed, pursuant to our manifesto promise to
establish a Research Fund in addition to the Book and Research Allowance
to facilitate further research and innovation, I am pleased to inform
you that this is currently receiving the active consideration at Cabinet
level, and I am confident that, shortly, it will be established by Act
of Parliament,” the President added.
UG@70
The launch of the Endowment Fund forms an integral
part of the celebrations marking the 70th Anniversary of the founding of
the University of Ghana, Legon.
Recounting the history surrounding the establishment
of the University, President Akufo-Addo paid tribute to the inestimable
work Dr. J.B. Danquah did to mobilise the Ghanaian people to insist on
the building of this University.
“It was the inspired, visionary leadership of this
great scholar and nationalist, who was described in his lifetime as the
Doyen of Gold Coast politics, that enabled the Ghanaian people to reject
the original decision of the colonial government that a single
university be established in Ibadan, in Nigeria, for British West
Africa, and get it to agree to the establishment of a separate
university for our country,” the President said.
He continued, “How felicitous was that decision, and
how greatly it has contributed to the growth of modern Ghana. It would
be wholly appropriate and not at all farfetched to describe Joseph
Boakye Danquah as the founder of this University, a fact, which, on the
70th anniversary of its existence, should be vividly recalled by all of
us who are the beneficiaries of his work.”
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