Odotobri Rural Bank at Jacobu in the Amansie Central in the Ashanti Region has offered scholarship totalling GH¢33,100 to 92 brilliant, needy students as part of the bank’s corporate social responsibility. The beneficiaries comprise 20 fresh tertiary students, 26 continuing tertiary students, 26 continuing students in senior high school and 20 fresh students in the senior high school.

The Chairman of the Board of Directors of the Bank, Mr Bernard Asamoah Boateng, said the criteria for selection under the scholarship scheme was very fair and transparent. He mentioned that parents or children of prospective beneficiaries of the scheme should be shareholders of the bank as the principal criteria, while the student must be brilliant, needy who hail; from any of the operational territories of the bank.

Last year, the bank gave GH¢ 22,500 in the form of scholarship and bursary to 60 students in senior high and tertiary institutions. The board chairman said he believed that the financial assistance would encourage beneficiaries of the scheme to study hard to be able to develop their full potential so that they could contribute their quota to national and community development.

A beneficiary of the scheme, Mr Mathew Amoah, a Level 300 student of the University of Ghana, on behalf of other beneficiaries, thanked the board and management of the bank for the initiative to support the growth of education, particularly children of shareholders.He further advised and encouraged the people of Jacobu to buy shares and do business with the bank to increase its profitability so that the scheme could be sustained.

He finally assured the board that he and his colleagues who had benefited from the scholarship scheme would spare no effort to excel in their academic career to give good reason for the bank’s support.In a related development, the bank has presented two sets of computers and a printer valued at GH¢6,000 to the Jacobu District Court to strengthen judicial adjudication at Jacobu and its surrounding towns.