The financial sector is set to see a major boost as the Bank of Ghana and the University of Ghana have signed a partnership agreement to promote research and influence policy making in the country,
The 3 million cedi funding will also support the establishment of the Chair in Finance and Economics at the university’s campus to focus on research issues that are of importance to the financial sector.
Speaking at a signing ceremony in Accra, Governor of the Bank of Ghana, Dr. Ernest Addison said the partnership could not have come at a better time.
“The bank has been interested in a proposal of this kind and so this came as very welcoming proposal to the board. It will help promote research in the University of Ghana particularly the business school and the economic department on issues that are important to the financial sector. The agreement will be for a period of three years. It is a three million cedi endowment. It is expected that the chair will meet the banks expectation in the formulation of research to support policy. As you aware, we have two members of your faculty on our monetary policy committee so the bank spells it merits in the collaboration and has approved the endowment,” he said.
Vice-Chancellor of the University of Ghana, Professor Nana Aba Appiah Amfo also noted that the agreement will enhance the University’s vision of becoming research-intensive and continue to contribute to Ghana’s economic growth.