The Ageing Musicians Welfare Fund (AMWeF), a project of the Musicians Union of Ghana (MUSIGA) honoured Five Music Heroes with a GH₵50,000 investment fund to be handled by FirstBanc’s FirstFund.
The Five Music Heroes, A.B Crentsil, Nana Kwame Ampadu, Obuoba J.A Adofo, C.K Mann and Jewel Ackah who were awarded on Tuesday at the African Regency Hotel at a press soiree, received GHC 10,000.00 each but were given GH₵ 5,000 in cash cheque and GH₵ 5,000 investment certificates from FirstFund.
The board chairman of MUSIGA investment committee and AMWeF, Perry A. Adamba, speaking on the AMWeF package has said that, “the board decided to stop begging for money to support its members so we decide to invest and grow money to support the members.”
“The Presidential Grand Ball is an event organized by MUSIGA to raise funds for projects such as AMWeF and the MUSIGA Academy. The funds we have decided to invest and we are targeting one million cedis (GH₵ 1,000,000) as the base then we will leave it untouched and be disbursing about 70% of the annual interest for the various projects undertaken by the union.” he added
Bice Osei Kufuor (Obour), President of the Musicians Union of Ghana (MUSIGA), in his introduction statement said, “Beginning from today we are honouring five legendary musicians and our aim is to continue doing this so that every musician that turns 60years and above will get the opportunity to be honoured.
Ageing Musicians Welfare (AMWeF), was formed in 2013 by the then President of the musician Union of Ghana. Gradually, AMWeF has moved from just being a benevolent organisation which gives small monies to musicians during Christmas celebrations and organising health screening for musicians to an organisation that is honouring legendary musicians through an endowment fund,” he said
Obour, further explained that, AMWeF endowment fund is moving now from being a fund that just gives donation into becoming an endowment fund which will have more sustainable use, and will be of more use to the Musicians in general.
He also took the opportunity to invite more people from the cooperate world to support and invest into the AMWeF fund because apart from making money from the fund, they will also be contributing to supporting the life of ageing musicians in Ghana.