The Ghana Scholarship Secretariat has Thursday organized a stakeholders’ forum to brainstorm and generate innovative and efficient ways to fund tertiary education.

The forum, which took place at the Accra International Conference Centre Monday, aimed at tackling challenges facing the secretariat, specifically funding.

The scholarship Secretariat since 1960 has stridently supported the education of many tertiary students both home and abroad through the award of scholarships.

Speaking to participants, Mr. Kingsley Agyemang, Registrar, Scholarship Secretariat, said ‘’ all over the world, the award of scholarships contributes immensely to educational development. Governments, corporate institutions and individuals have found it necessary to support the education of brilliant but needy students through the grants of scholarship to enable recipients further their education for national growth’’.

He added that the effort has been embraced and awarding institutions are encouraged to expand their scope to benefit more students.

The keynote speaker, Minister in charge of tertiary education, Professor Kwesi Yankah also stated that in a globalized world today, “where healthcare, food security, climate change, and education, fiercely compete for attention and state funding, rising expenditures and economic downturns are bound to lead to general decline in slice of resources available to fund higher education”, hence the need for initiatives to help the situation.

‘’Check current events in France, UK etc. The ripple effect on the local economies is obvious and has constrained governments the world over to pull-back on the public spending, challenging nations to discover innovative ways of revenue generation for the nation building,’’ he stated.