The Education Ministry will in the coming days hold a meeting with a consortium of banks and University of Ghana management over the possible privatization of some four halls of residence on the University’s campus.
Earlier today Friday, a meeting was held between University Management, the Students Representative Council and the Ministry of Education, led by the Minister of State in-charge of Tertiary Education, Prof. Kwesi Yankah.
The meeting was to discuss matters arising with the University’s indebtedness to some banks over the construction of four halls of residence on campus.
Earlier this month, it come to light that University management was struggling to pay a ¢43m loan facility contracted in 2008 for the construction of four halls on campus.
The halls are the Dr. Hilla Limann Hall, Alexander Kwapong Hall, Elizabeth Frances Sey Hall and the Jean Nelson Aka hall.
The loan has grown to ¢528m as of February 2019.
At today’s meeting, Prof. Kwesi Yankah noted that although the way forward was mainly in the hands of the University of Ghana Council, the matter was of interest to the Ministry because of public interest and its implications for academic stability on university campuses.
The Minister also appealed to the Students Representative Council to exercise patience as steps were being taken to resolve the impasse.
Professor Kwesi Yankah also drew the attention of University of Ghana management to the expected rise of students in various universities in the 2020 academic year due to government’s free Senior High School policy.
Key highlights of the meeting was captured in a press release signed by the Public Relations Officer of the Ministry, Vincent Ekow Assafuah (Jnr).
Story by: Jeffrey Nyabor|universnewsroom.com