Odotobri Rural Bank offers scholarships to deserving students

…supports institutions

Odotobri Rural Bank PLC at Jacobu in the Amansie Central district of the Ashanti Region has offered scholarship and bursaries totaling GH¢77,300 to sixty – four brilliant but needy students as part of its corporate social responsibilities.

In all the bank received seventy-one applications, for the 2024/2025 academic year out of which sixty – four (64) students were selected after thorough vetting by the Scholarship Committee.

The selected beneficiaries are freshmen and continuing students from various nursing and teacher-training colleges as well as universities and are pursuing various courses of study.

In another development the bank received a request from Jacobu Senior High Technical School appealing to the Bank to assist the school in the provision of a water pump and cable wire for the girls’ dormitory.

The Board considered the application and approved an amount of Ten Thousand Four Hundred Ghana Cedis (GH¢10,400.00) for the purchase of the said water pump and cable wire for the girls’ dormitory.

Additionally, the Board received another request from Jacobu Traditional Council to support them with some bags of cement to prepare a permanent station for tricycle motorbike drivers to minimize the congestion of vehicles within the Jacobu Township.

The Board and Management considered the application and approved One Hundred (100) Bags of cement valued at Eleven Thousand Five Hundred Ghana Cedis (GH¢11,500.00) to support the preparation of a permanent place for the riders.

The bank’s Chief Executive Officer, Abraham Coffie – in company with other management staff, presented the cheque, which was received by Mr. Justice Joseph Osei Krah, Headmaster of Jacobu Senior High Technical School, on behalf of the students.

Mr. Coffie told the Business & Financial Times in an interview that the criteria for selection for the scholarship scheme were very fair and transparent.

He explained that parents or wards of the scheme’s prospective beneficiaries should be shareholders of the bank as the principal criterion, and the student must be brilliant but needy and hail from any of the bank’s operational territory.

The CEO believes that this financial assistance will propel and encourage beneficiaries of the scheme to study extra-hard so as to develop their full potential in order to contribute their quota to national and community development.

Mr. Coffie further advised the beneficiary students to devote much time to their books and desist from paying attention to trivial and needless activities that waste their time and instead make enough time to study so they can become responsible citizens and make meaningful contributions to society.

The post Odotobri Rural Bank offers scholarships to deserving students appeared first on The Business & Financial Times.

Read Full Story