A new endowment fund to assist students in monetary and financial system research at the Ghana Chartered Institute of Bankers (GCIB) was on Tuesday launched in honour of the late Mr Joseph Anim-Addo, one of the foremost businessmen in the country.
The late Mr Anim-Addo was a lecturer and an examiner at the GCIB, where he taught Economics in Banking, Monetary and Financial Systems.
The fund, which has been instituted by his son, Dr. Edward Kwadjo Amoma Anim-Addo, a member of the GCIB, is called "Anim-Addo Endowment Fund", and has seed money of GH¢20,000.
Speaking at the launch, Professor Samuel N. Woode, Chairman of the Public Service Commission, paid glowing tribute to the late Mr Anim-Addo for
his selflessness and dedication to strong personal work ethic to the development of the institute.
He said the late Mr Anim-Addo served the institute as a lecturer and an examiner and was meticulous in preparing his lecture notes, punctual to classes and took pains in setting his examination questions as well as meeting deadlines.
Prof. Woode urged the managers of the fund to be transparent and exhibit strong work ethic in their operations.
"As bankers, I need not remind you of the responsibility that we all carry when we have to manage what is described as 'Other People's Money'.
"It would be painful for the family who set up Endowment Fund in memory of a dearly departed one to see their money become worthless or get lost in the dark and bottomless pits of regular accounting systems of organizations," he said.
He entreated the fund managers to bring to bear their professional competence in the management of the fund by ensuring that basic
precautionary steps were taken with regard to the professional accounting practices.
Mr Isaac Owusu-Hemeng, President of GCIB, said the establishment of the fund was in line with the institute's strategic long-term goal to become the finest centre of a research oriented financial service.
This fund will help GCIB to be a centre that had the capacity to maximize educational service and enhanced quality, he said.