MOBA must reduce reliance on donations to protect Mfantsipim’s future – Patrick Kittoe
The Chief Operating Officer of SIB Liberia Limited and a 1996 year-group student of Mfantsipim School, Patrick Ebo Kittoe, has called on the Mfantsipim Old Boys Association (MOBA) to reduce its reliance on donations and develop sustainable revenue streams to safeguard the school’s heritage beyond 150 years.
Patrick Ebo Kittoe, a 1996 graduate of Mfantsipim School and Chief Operating Officer of SIB Liberia Limited, has urged the Mfantsipim Old Boys Association (MOBA) to diversify its revenue sources and reduce dependence on donations. Speaking at the 11th MOBA Annual Engagement Series, Kittoe emphasized that excessive reliance on donations could lead to financial instability and jeopardize the school's heritage.
He pointed out that in 2024 and 2025, MOBA's total revenue amounted to GH¢10.7 million, with 92% of the funds coming from donations, sponsorships, dues, and project levies.
Kittoe warned that this over-reliance on external funding could limit MOBA's independence, as donors could influence fund usage. He also highlighted the potential risks of donor withdrawal, such as funding gaps and unpredictable operations. To address these challenges, Kittoe proposed exploring commercial ventures, including an impact investment fund, to generate sustainable income for the association. He stressed that these ventures should be designed to benefit Mfantsipim and its future generations.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
