Wealthy Ghanaians Urged to Establish Endowment Funds for Students

In a passionate call to action, concerned citizens are urging wealthy Ghanaians to channel part of their resources into endowment funds dedicated to supporting students’ education. The initiative, they say, will complement government efforts and ensure fair and transparent access to higher education funding.

According to proponents, while the Free Senior High School (Free SHS) policy has come to stay and continues to increase access to secondary education, many graduates are unable to progress to the tertiary level due to financial constraints. Establishing endowment funds, they argue, will bridge this gap and make tertiary education a minimum standard for Ghanaian youth.

“Government scholarships are often not distributed fairly, leaving many deserving students without support,” one advocate noted. “With endowment funds, resources can be allocated transparently, ensuring a fair share for all qualified applicants.”

Education experts highlight that higher education is key to reducing social vices and driving national development. They emphasize that the private sector, philanthropists, and high-net-worth individuals have a moral and civic duty to invest in the intellectual growth of the nation’s citizens.

“An educated population not only strengthens the economy but also fosters innovation, responsible citizenship, and community leadership,” an educationist said.

The call comes at a time when the cost of tertiary education continues to rise, making it difficult for students from low- and middle-income families to afford university or technical training. Advocates believe that a nationwide push for privately funded endowment schemes will transform Ghana’s human capital base and reduce the burden on government coffers.

They insist that the future of the country lies in collective responsibility: “It’s time for wealthy Ghanaians to invest in the next generation — because when we educate our children, we secure the nation’s future.”