- The University of Ghana is struggling to raise funds to pay the salaries of teaching and non-teaching staff
- The University says it is unable to borrow for a third time to pay salaries
Salaries for staff and workers of the University of Ghana (UG) for the month of March are set to be delayed following issues of creditworthiness.
The situation has led to authorities of the University borrowing to pay salaries of staff and workers for the last two months.
However, salaries for the month of March are set to delay after authorities of the premier University said they cannot borrow for a third successive month.
The University is yet to receive government subvention for January and February 2018, a situation that has compelled authorities to borrow money to pay salaries of staff.
A memo signed by the University’s registrar, Ms Mercy Haizel Ashia, and dated March 21, said all UG staff and workers must expect a delay in their salaries due to the current situation.
“The University community is informed that processing and release of compensation subvention for January and February 2018 has been delayed; therefore, payment of March 2018 salaries cannot be made as scheduled,” the memo stated.
It added that “it is not possible to borrow for a third month to pay salaries.”
Authorities of the University, however, assured that they are making efforts to ensure that “the delay is not prolonged.”
Meanwhile, the Minister for Education Dr. Mathew Opoku Prempeh revealed in February that the University was broke and struggling to pay back a 64 million-dollar loan it borrowed to construct Faculty offices on campus.
According to him, the University is required to pay back 10 million dollars to Africa Integras every year for a 25-year period for the principal loan of 64 million dollars.
“[The] UG needs to pay 10 million dollars a year for 25 years and by the time they redeem themselves, they would have paid 250 million. If they are not able to pay, their assets will be confiscated,” Dr. Opoku Prempeh told Accra-based Peace FM.
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