GHS528m debt: Gov’t, UG meet over hall privatisation

The Minister of State responsible for tertiary education, Prof Kwesi Yankah, has met the management and student leaders of the University of Ghana, Legon, concerning alleged plans to privatize some of the school’s halls of residence.

The meeting followed calls by the Student Representative Council (SRC) on the government to intervene in the university management’s decision to privatise some of the halls to defray a judgment debt awarded against the school.

The privatization is to enable the university to offset a GHS43 million loan it took to build the halls, which has shot up to GHS528 million due to interest charges coupled with the school’s failure to repay the loan by the agreed time.

The students, however, say the privatization of Hilla Limann, Alexander Adum Kwapong, Elizabeth Frances Sey and Jean Nelson Aka halls is likely to lead to an increase in fees charged for residential accommodation.

The statement from the Education Ministry, however, urged the students “to exercise restraint as steps are being taken to resolve the impasse.”

Below is the ministry’s full statement:

On this day 17th of May 2019, the Ministry of Education, led by the Minister of State In Charge of Tertiary Education, Prof Kwesi Yankah, met with the management of the University of Ghana and the leadership of the student body on the alleged privatisation of UGEL hostel.

The Minister of State has come to appreciate the implications of the situation of the debt burden on the University of Ghana, Legon and has indicated his readiness and that of the ministry to meet with the leadership of the consortium of banks and the management of the university to find an amicable solution before the negotiated deadline of 31st of May 2019.

However, the minister of state explained that this matter is strictly the responsibility of the University of Ghana Council, but the government has expressed interest in the matter because of [the] public interest [involved] and its implications for academic stability on the university’s campuses.

The ministry has appealed to the leadership of the student body to exercise restraint as steps are being taken to resolve the impasse.

The minister also drew the attention of the stakeholders at the meeting to the expected influx of students in the universities in the 2020 academic year due to Free SHS policy and expressed the hope that an amicable outcome could be reached soon.

Source: Ghana/ClassFMonline.com


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Ellis Ferdinand
Ellis Ferdinand is a Journalist, Blogger and Founder of Ellis Multimedia, a parent company of EducationGhana.org, an Online Education News Blog, PoliticsGhana.com and GhanaNaija.net.Ellis Ferdinand is a Graduate of Accra College of Education and the University of Cape Coast, where he obtained a Diploma In Basic Education and a Bachelor of Education in Accounting. He is currently Reading his Master of Philosophy in Curriculum and Pedagogic Studies at the University of Education, Winneba in Ghana.Ellis Ferdinand won Blogger of the Year at the 2018 National Students’ Awards and was also adjudged 14th Best Ghanain Blogger in 2018 among the Top 50 Ghanaian Bloggers of 2018.He introduced the Concept of Education Blogging in Ghana in 2014 with his famous blog EducationGhana.net. now EducationGhana.orgHis Blog won Best Media Promoting Education in 2017, 2018 and 2019 respectively, an Award organized by Neogenics Education Consult.In 2019, He adjudged the Most Promising West African Blogger of the Year in Nigeria. He won Writer of the Year at the 2021 EDUCOM AWARDS

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