A 2020 report of the Auditor-General has revealed that a total amount of GHC 182,176.39 has been paid to staff of the University of Ghana at the Accra City Campus without approval.
The money was paid as a monthly responsibility allowance to various categories of staff in addition to their regular responsibility paid via their respective payslip.
The report also disclosed that a total amount of GHC 119,370.77 was paid to staff at the satellite campus as their annual bonus to compensate staff inconvenience.
“This anomaly was attributed to the practice of the longstanding payment of the said allowance to Unit Heads at the Accra City Campus without approval and had resulted in the payment of double monthly responsibility allowance,” the report explained.
The Auditor-General, in the report, directed university management to “stop the payment of the monthly responsibility allowance and take necessary steps to obtain approval from the College Provost and Vice-Chancellor or University Council failing which the total amount of GH¢182,176.39 shall be recovered from the beneficiaries.”
Meanwhile, University management says that the payment of allowances has “ceased pending the retrieval of the approval letter which the action of Accra City Campus was based on.”
University of Ghana invests GHC 456K with unaccredited financial institution
The Auditor-General has also asked university authorities to redeem an investment it made with Liberty Asset.
The investment with Liberty Asset was made in 2016 by the College of Health Sciences and the School of Medicine and Dentistry.
The report revealed that a total amount of GH¢456,199.08 was invested with Liberty Asset which, is not a commercial bank and does not meet any minimum capital requirements of Bank of Ghana.
“The situation has the tendency to increase the financial risk exposure of the University,” the report warned.