Vice Chancellor of University of Ghana, Professor Ebenezer Oduro Owusu has said that the privatization of some four halls of residence of the University remains their only option as they are yet to find a means to raise GHC 50million by the end of May this year.
The Dr. Hilla Limann Hall, Alexander Kwapong Hall, Elizabeth Frances Sey Hall and the Jean Nelson Aka Hall risk being privatized over the failure of the university to service a ¢43m loan facility contracted in 2008 for the construction of the four halls.
The loan, which was released in three tranches, has grown to ¢528m due to interests and other charges which have accrued over the past 10 years.
At a meeting 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, Professor Ebenezer Oduro Owusu stated that the challenge of the University currently was how to raise GHC 50m before the month ends.
In a rhetorical question, he asked the student leaders what they wanted University Management to do to raise the money.
We have to make ‘a good faith deposit’ of Fifty million Ghana Cedis (GHȼ 50,000) by the close of May and the rest, spread over 3 years… now the pressing issue at stake is how to pay the 50 million Ghana Cedis. Because of this, we’ve been having various discussions on the short and long term plans and the issue of privatization became an option…if the students don’t want it, what would we do?
The Minister of State in charge of Tertiary Education, Professor Kwesi Yankah, also noted that although the way forward on the issue 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.
Story by: Hammond Raphael Nii Trebi|universnewsroom.com