The scholarship scheme covers tuition, living expenses, book allowance, and dissertation or project or thesis allowance starting from the 2017/2018 academic year.
At a brief ceremony to present the award to some 134 beneficiaries from the University of Ghana, the Executive Director of the GNPC Foundation, Dr. Kwame Baah Nuakoh disclosed that the Foundation is spending over Gh¢1.2 million on students of the University of Ghana alone.
"For your information we are spending about Gh¢1.2 million on students of University of Ghana alone this academic year, " Dr Baah Nuakoh said.
He encouraged the awardees to develop the self-discipline that comes with focusing on their education, and complying with the regulations of the University of Ghana and the code of conduct spelt out by GNPC.
The Pro-Vice-Chancellor in charge of Students and Academic Affairs at the University, Professor Samuel Kwame Offei, who chaired the ceremony expressed his profound appreciation to GNPC and commended management of the Foundation for the opportunity given to the students to aspire and to realise their dreams through their support.
He advised the students to work hard and make themselves worthy of the scholarship throughout their period of study at the University.
The Manager in charge of Education and Training at the GNPC Foundation, Dr. Patrick Ofori said, in addition to the scholarship, beneficiaries will also benefit from some career support services such as mock interviews to prepare students for further academic or career opportunities, and CV preparation.
Dr. Ofori cautioned the awardees to be meticulous and honest with the information used to process various documents, and to seek clarification where necessary.
The Dean of Students Affairs of the University, Professor Francis Nunoo congratulated the awardees and admonished them to put in their maximum effort in their studies.
He further expressed profound appreciation to the foundation for the benefit accorded students of the university.
On behalf of the awardees, the President of the Student Representative Council (SRC), Mr. Daniel Otting Awuah, thanked the GNPC Foundation for the award and appealed to the Foundation to accord the University of Ghana priority consideration.
In all, a total of 700 students in public tertiary institutions across the country are expected to benefit from this scholarship.
The scholarship, which many said tout as the largest support offered by a sole organization to students is part of GNPC’s Corporate Social Responsibility in education, especially in areas of Science, Technology, Engineering and Mathematics (STEM).
The scholarship will run for the duration during which each student is expected to complete their programme of study but awardees are expected to maintain high academic standards set by the GNPC Foundation.