The Amissah-Arthur family has instituted an annual Doctor of Philosophy (PhD) award in Economics at the University of Ghana.
The announcement of the award which will be fully funded by the family was made at an Economics forum held in remembrance of the life of the former Vice-President, Dr. Paa Kwesi Amissah Arthur.
Speaking on behalf of the family, son of the former Bank of Ghana governor, Kwesi Nyan Amissah-Arthur, stated that the award was one of the ways the family considered appropriate in helping find solutions to the country’s economic problems.
“…our family has worked hard to design something that will encapsulate the need to find practical home-grown solutions to some of the country’s problems and the passions that our father felt.
After much thought and discussion, we have decided on two things. Firstly, we would like to institute a yearly PHD award at the economics department at the University of Ghana.
Kwesi Nyan Amissah-Arthur also emphasized that the award has already been fully financed and prepared for the winner.
“This award has already been fully funded by the family in perpetuity. So we have invested a certain amount of money and the proceeds of that money will go to fund the award every year with a proceed matching inflation so that till perpetuity that award will be existing”.
He went further to announce that the family intends to potentially endow a chair of Economics at the University of Ghana, which is their second initiative in their bid to contribute to solving the economic challenges of the country.
“I am also pleased to announce that the family is at an advance stage of exploration with the department of economics for the potential to also perpetually endow a chair of economics at the University of Ghana.
He added that their goal for instituting this chair is to provide solutions to some problems in the country and addressing issues their father was passionate about.
“Funding a chair in perpetuity means that the Department of Economics will be able to attract and retain top talents of professorial rank to give the occupants of that Chair the ability to work towards finding practical and applicable solutions such as telling people where the balloon is rather than the fact that they are in the balloon”.
The Economics forum was held on Friday 28th June, 2019 to commemorate the one year anniversary of the passing of the late Vice President, Paa Kwesi Amissah-Arthur who died on June 29, 2018.
The forum was organized to start an economic dialogue to deliberate and come up with substantive solutions to problems in the country and breakdown the concept of economics to the lay man.
The theme of the forum was, “Making sense of economics”
Story by: Joylyne Oko-Matey|universnewsroom.com