By Morkporkpor Anku, GNA
Accra, April 3, GNA - The Kwame Nkrumah University of Science and Technology (KNUST) has been adjudged the winner of the maiden edition of the Royal Banking and Finance Challenge 2017 in Accra.
The Royal Banking and Finance Challenge 2017, an initiative of the Edufair Ghana Foundation, is an inter-University competition designed to strengthen financial literacy in Ghana.
The maiden edition involved 16 participating Universities, University of Cape Coast, Central University College, Lancaster University, Ashesi University, Ransford University College, and Islamic University College.
Others were Wisconsin University, Institute of Professional Studies, Ghana Institute of Public Administration, Zenith College and Valley View University.
For their prize, KNUST takes home a trophy, 2 Laptops, GH¢4,000.00 in Royal Students Account awarded to the 2 contestants and GH¢3,000.00 cash plus GH¢1,000.00 worth of books awarded to the University.
Other prizes for the contestants include GH¢1,000.00 worth of Databank Students Investment Account for the two contestants, GH¢30,000 worth of Glico Life Insurance cover plus GH¢500.00 worth of book allowance awarded to the two contestants.
The University of Ghana, emerged second and took home two Laptops, GH¢3,000.00 in Royal Students Account awarded to the two contestants, GH¢3,000.00 plus GH¢1,000.00 worth of books awarded to the University, GH¢1,000.00 worth of Databank Student Investment Account for the two contestants, GH¢30,000.00 worth of Glico Life Insurance cover plus GH¢500.00 worth of book allowance for the two contestants.
The third and fourth place went to the University of Education, Winneba and the Methodist University College.
Mr Osei Asafo-Adjei, the Managing Director of the Royal Bank, told the GNA, after the competition that the Bank decided to support the event because of the belief that an educated people made a better nation.
He said the idea was to bridge the gap between academia and industry and also test their minds on fieldwork.
He said the competition had met their expectations and expressed the hope that this would become an annual event to educate the public on financial literacy.
All the contestants at the final level will get internship opportunities with all the sponsors and their partners.
GNA
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