From left Dr. Sam Mensah, Prof. Aryeetey and Prof. Abor
The University of Ghana Business School (UGBS), has signed a Memorandum of Understanding (MoU) with the Ghana Stock Exchange (GSE) to uphold an Endowment Fund as a permanent source of funding development projects and relevant research at the School.
In briefing the Vice-Chancellor, the Dean of the Business School, Prof. Joshua Yindenaba Abor, said that the University of Ghana Business School (UGBS) has collaborated with the Ghana Stock Exchange on a number of activities especially with respect to leadership and training.
He indicated that the signing of the Memorandum of Understanding marked a significant point in research promotion. He lauded the Ghana Stock Exchange for taking the collaboration further, by setting up a capital market research group at the Business School to facilitate research and assist in the development of the financial market. He said the first installment from the Endowment Fund was GHC100, 00.00.
The Chairman of the Ghana Stock Exchange, Dr. Sam Mensah, described past collaborations with the University of Ghana Business School as mutually beneficial adding that the Endowment Fund would further strengthen the relationship between the two organizations.
He expressed confidence that the Fund would promote relevant research that would impact all the operational and strategic directions of the Ghana Stock Exchange as well as the wider capital market. He advised officials of the Business School to do more applied research which would be useful both to the market and the Stock Exchange in terms of development and direction. He guaranteed the efficient maintenance of the Endowment Fund to make it grow bigger.
The Vice-Chancellor, Prof. Ernest Aryeetey, in his remarks, expressed excitement about the initiative. He noted that the MoU signified how industry and academia can work effectively together in support for research, collaboration in graduates training, and other relevant thematic areas. He also cited the University’s remarkable position in the recent Times Higher Education global ranking of tertiary institutions, an achievement he said was the result of substantial investment in research, quality teaching, and building on the University’s international profile. Prof. Aryeetey was hopeful that subsequent returns on the Endowment Fund would contribute to accelerating cutting-edge research and building capacity for students and faculty at the Business School.
Mrs. Vera Fiador, a lecturer at the Department of Finance, UGBS, accentuated the importance of the Memorandum. This she noted would open up the frontiers to bridge the gap between industries starting with the capital market, an area that needed a lot of research. She thanked the Vice-Chancellor, Prof. Ernest Aryeetey for supporting the initiative and the Ghana Stock Exchange for their unflinching partnership.
Mrs. Vera Fiador
Witnessing the signing were the team from the Ghana Stock Exchange, comprising the Managing Director, Mr. Kofi Yamoah, the Deputy Managing Director, Mr. Ekow Afedzie, the General Manager in charge of Operations, Mrs. Elizabeth Mate-Kole, the Company Secretary and Head of Marketing and Public Relations, Mrs. Diana Okine. Also present were Heads of Departments and lecturers from the University of Ghana Business School, notably, Dr. Mohammed Amidu, Dr. Agyapomaa Gyeke-Dako, Dr. Elikplimi Komla Agbloyor, Dr. Godfred Bokpin, Dr. Lord Mensah, and Prof. Kwame Aboagye.
Group Photograph taken after the ceremony
