Kumasi launches Pool Fund
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Most Rev. Gabriel Justice Yaw Anokye, Metropolitan Archbishop of Kumasi has called for support for the evangelization and development programme of the Church.
He said the time had come for the Church to turn to its members to raise the needed funds for its activities instead of relying on foreign donors. The Archbishop said this at the launching of the Catholic Archdiocese of Kumasi Pool Fund (CAKP-FUND) at the St. Peter’s Minor Basilica in Kumasi recently on the theme: Wealth Creation for Evangelisation and Poverty Alleviation. |
Archbishops Sarpong and Anokye with Nana Boakye Ansah Debrah,
Asokore Mamponghene. |
He noted that the Fund aimed at pooling resources of the Church together to enable it provide care for the aged and the disadvantaged, improve and expand health care delivery, educate the youth and increase the formation and training of personnel.
“It would also help to grow funds for members and the Archdiocese to help the church in her social intervention programmes and to support Priests’ Pension Scheme, Health and Education”, he said.
He pointed out that the Fund would enable the Archdiocese to undertake many projects including the building of a hotel facility at the Christian Village at Apire, building of Dialysis Centre, setting up of a College of Education and a micro-finance company.
Archbishop Anokye highlighted that the Church was training its human resources to handle these planned projects, noting that some Priests were being sponsored to study Pharmacy and Architecture. He implored the lay faithful to help the Church in her Evangelization and poverty alleviation works by supporting the Fund to bring solace to the poor and suffering. He explained that all the 69 Parishes within the Archdiocese would be members of the Fund and would contribute part of their annual harvest and ten per cent of their reserve fund to CAKP-FUND.
The Prelate expressed gratitude to the Family Fountain Asset Management and Securities Limited, Managers of the Fund, for accepting to manage the Fund.
The launching was attended by Most Revs. Peter K. Sarpong and Thomas Mensah, Emeriti Archbishops of Kumasi; Dr Mahamudu Bawumia, the 2012 Presidential running mate of the New Patriotic Party; Sir Justice Dennis Adjei, an Appeal Court Judge and Nana Boakye Ansah Debrah, the Asokore Mamponghene, who represented the Asantehene, Otumfuo Osei Tutu II.
Mr. John Kofi Mensah, Chairman of the Family Fountain Asset Management and Securities Ltd., who performed the launching, said the ‘pool fund’ concept was an innovation that would form a funding hub for all activities of the Archdiocese.
He said it would make Parishes and Outstations self-reliant, adding that it would also create “a well-defined, conscious, robust and sustainable support structure to purse the traditional role of the Church in an enhanced form.”
This novelty, he said, would ensure that all assets, both liquid and fixed would be of productive use and optimized through an integrated approach that would ensure consistent availability of cash flows.
Mr. Mensah, who is also the Chief Executive Officer of First Capital Plus Bank, said the model adopted by Family Fountain “will ensure that the Archdiocese which is endowed with vast resources can create liquidity without losing ownership.”
He noted that the ultimate goal of the Fund was to push Catholics in the Archdiocese above poverty line and ensure affordability of the basic necessities of life.
From Kwadwo Donkor
“It would also help to grow funds for members and the Archdiocese to help the church in her social intervention programmes and to support Priests’ Pension Scheme, Health and Education”, he said.
He pointed out that the Fund would enable the Archdiocese to undertake many projects including the building of a hotel facility at the Christian Village at Apire, building of Dialysis Centre, setting up of a College of Education and a micro-finance company.
Archbishop Anokye highlighted that the Church was training its human resources to handle these planned projects, noting that some Priests were being sponsored to study Pharmacy and Architecture. He implored the lay faithful to help the Church in her Evangelization and poverty alleviation works by supporting the Fund to bring solace to the poor and suffering. He explained that all the 69 Parishes within the Archdiocese would be members of the Fund and would contribute part of their annual harvest and ten per cent of their reserve fund to CAKP-FUND.
The Prelate expressed gratitude to the Family Fountain Asset Management and Securities Limited, Managers of the Fund, for accepting to manage the Fund.
The launching was attended by Most Revs. Peter K. Sarpong and Thomas Mensah, Emeriti Archbishops of Kumasi; Dr Mahamudu Bawumia, the 2012 Presidential running mate of the New Patriotic Party; Sir Justice Dennis Adjei, an Appeal Court Judge and Nana Boakye Ansah Debrah, the Asokore Mamponghene, who represented the Asantehene, Otumfuo Osei Tutu II.
Mr. John Kofi Mensah, Chairman of the Family Fountain Asset Management and Securities Ltd., who performed the launching, said the ‘pool fund’ concept was an innovation that would form a funding hub for all activities of the Archdiocese.
He said it would make Parishes and Outstations self-reliant, adding that it would also create “a well-defined, conscious, robust and sustainable support structure to purse the traditional role of the Church in an enhanced form.”
This novelty, he said, would ensure that all assets, both liquid and fixed would be of productive use and optimized through an integrated approach that would ensure consistent availability of cash flows.
Mr. Mensah, who is also the Chief Executive Officer of First Capital Plus Bank, said the model adopted by Family Fountain “will ensure that the Archdiocese which is endowed with vast resources can create liquidity without losing ownership.”
He noted that the ultimate goal of the Fund was to push Catholics in the Archdiocese above poverty line and ensure affordability of the basic necessities of life.
From Kwadwo Donkor
