Bayport Financial Service (BFS) and the Ghana National Association of Teachers (GNAT) on Friday launched the third phase of a special scholarship scheme aimed at helping poor but brilliant children.
Under the scheme 10 students selected from each region would be provided with full scholarship from senior high to tertiary level
Speaking at a ceremony in Accra Mrs Josephine Kuffour-Duah, the National Community Participation Coordinator of Basic Education Division of the Ghana Education Service, appealed to parents to invest and make the education of their children a priority to enhance the nation's economic competitiveness, future quality labour force and human capital.
"Investing in children today will decrease the nation's need to support a generation of unskilled and untalented citizens as well as mitigates the potential risks to the rule of law," she said.
Mrs. Kuffour-Duah said: "Social investment was regarded as soft investments that cost money but give no short-term financial benefit rather
it has direct economic benefits.
"Early investment reduces illness, increase rate of school dropout, teenage pregnancy as well as mortality of most vulnerable group", she said.
Mr Kofi Adu Mensah, Managing Director of BFS, said one of the indices of success or recognition of a company was its social responsibility.
He said the scholarship scheme was a determinant factor to the reputation of any institution and that an institution could only be declared socially responsible when it uses its resources to support disadvantaged
members of the society.
Mr Adu Mensah said over 50 per cent of BSF's clients are members of GNAT.
Mrs Irene Duncan Adanusa, the General Secretary of GNAT, said that the Association was committed to the welfare of its members to encourage them to give of their best in furtherance of its quality public education agenda.