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The Stanbic Bank Ghana Ltd Aspire Business Academy programme aims to build capacity of students of Ghanaian tertiary institutions to:

  • Have a better understanding of who they are as individuals and as business owners
  • Refine their business ideas and gain clarity to tackle the next steps
  • Establish the right structures and processes for their business

Stanbic – UMaT MoU
The Vice Chancellor (VC) of UMaT, Professor Richard K. Amankwah and the Registrar, Mr. M.K. Okrah, took turns to welcome the Stanbic team to UMaT. They expressed the University’s gratitude to Stanbic Bank Ghana Ltd for its interest to partner the University to develop young minds into entrepreneurial ones.

The VC stated the University’s position on student entrepreneurship as a core objective in alignment with contemporary university training. He indicated that UMaT was not just about training engineering students to earn degrees, but additionally acquire skills and knowledge that would enable them create jobs for themselves and employ others upon graduation. This was the motivation for the establishment of the UMaT Business Incubation Hub (U-Hub).

The VC therefore observed that a strategic partnership between UMaT and Stanbic Bank Ghana Ltd in respect of student entrepreneurship was one of the surest ways to actualizing the University’s dream of training students to become entrepreneurs.

On the part of Stanbic Bank Ghana Ltd, the Manager, Western Commercial Suite, Joseph Tunde Boateng, stated that the bank had decided to partner traditional and technical Universities to leverage the young talented minds of students, enabling them to develop their ideas into businesses. The establishment of the Stanbic Business Incubator Initiative is thus the special purpose vehicle of the Bank for transforming student ideas into businesses through support for their ideas and acquisition of entrepreneurial skills. The aim of Stanbic is to help students eventually own businesses, create jobs, create wealth and ultimately contribute to growing the Ghanaian economy. The MoU between the bank and UMaT is to provide a springboard for contributing to bring this dream into fruition.

Representatives of UMaT
The following were present on the UMaT side:

  1. Vice Chancellor - Professor Richard K. Amankwah
  2. Registrar - Mr K. Okrah
  3. Dean of the Office of Research, Innovation and Consultancy (ORIC) - Assoc Prof Samuel A. Ndur
  4. Vice Dean - Assoc Prof Solomon Nunoo
  5. Chairman of U-Hub Management Committee - Dr Frank Boateng
  6. Senior Assistant Registrar, ORIC – Eric A. V. Kavaarpuo
  7. Assistant Registrar, ORIC - Mrs Florence A. Aboh
  8. Officer at U-Hub - Mr Simon Asare
  9. Student Coordinator of Stanbic Aspire Programme, UMaT- Charlotte Abena Benyarku.

 Stanbic Bank
Representatives from Stanbic Bank were as follows:

  1. Universal Banker – Stephen Adome-Adetror
  2. Branch Manager, Tarkwa - Charles Asante
  3. Manager, Western Commercial Suite – Joseph Tunde Boateng

MoU signature process between UMaT and Stanbic Bank Gh. Ltd
MoU signature process between UMaT and Stanbic Bank Gh. Ltd

Prof Richard K. Amankwah           Mr Joseph Tunde Boateng
VC, UMaT (left)                               Manager, Western Commercial Suite Stanbic Bank (Right)

UMaT Stanbic meeting prior to MoU signing
UMaT-Stanbic meeting prior to MoU signing

UMaT Stanbic core team for MoU signing
UMaT-Stanbic core team for MoU signing

Source: Ghana Times Corporation