THE Kwame Nkrumah University of Science and Technology (KNUST) has inaugurated GH¢700,000 parade grounds for use by the university community.
Christened the Royal Parade Grounds, the facility also has seats for student group discussions and social interaction,Internet facility for research, walkways and slots for various banking institutions to operate ATM services.
Addressing the inaugural ceremony, the Vice Chancellor of KNUST, Professor Kwasi Kwafo Adarkwa, said so far, some financial institutions including the Ghana Commercial Bank, Standard Chartered Bank, Home Finance Company, Ecobank, Agricultural Development Bank, Union Bank for Africa and Cal Bank had been permitted to operate at the area.
He said the university authorities were also considering granting permission to other financial institutions that have applied to operate ATM services.
Prof. Adarkwa said as part of the measures to provide efficient service to the university community and its environs, they had acquired a stand-by generator to provide power anytime there was power outage.
He explained that regular power supply would not only enhance effective business transaction, but also improve security for residents who patronise the facility at night.
He announced that a set of guidelines had been developed for compliance by those who would patronise the facility including students and staff.
The guidelines, he explained, stipulated the procedure of hiring the facility, usage, fees and charges, as well as the management of revenue that accrues from the usage of the facility.
He commended all stakeholders whose contributions made it possible for the project to be completed on schedule, and urged the community to collaborate to maintain it adequately to enable it be of tremendous benefit to them.