Accra (Greater Accra), 25 Feb. '99 -

Partners and staff of KPMG, a leading global professional advisory firm, on Wednesday donated 10 million cedis to the University of Ghana Jubilee Hall fund. The amount will be used for two purposes - 7.5 million cedis which was presented at the ceremony in Accra, is for the jubilee fund and 2.7 million cedis, is to fund a prize for the best overall students in the Bachelors of Science, accounting in Administration, finance and computer applications in management. Mr Albert Neequaye Kotey, senior partner of KPMG, said the firm would manage the fund for three years after which it shall be handed over to the School of Administration. The annual award will be 500,000 cedis. He said KPMG, who are also chartered accountants and business advisers, have been fulfilling their commitment to quality education in Ghana and does not restrict itself to the area of business and finance. "Indeed for several years, we have been assisting medical students of the University of Ghana Medical School in pursuing their electives abroad through cash contributions to individuals. Donations last year alone amounted to 5.5 million cedis". Prof. Ivan Addae-Mensah, the vice-chancellor, thanked KPMG for its commitment to education at the highest level, saying that is the only way the standard of education can be raised. He said accommodation has been the university's major problem. To alleviate the situation, the Alumni of the university decided to raise funds for the construction of the hall of residence.