-University of Ghana SRC President blows over GHS 66,000
- Mr. Isaac Agyemang is alleged to have overspent the approved budget for the semester
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Reports emanating from Ghana’s premier university, University of Ghana indicates that the President of the Students Representative Council (SRC), Isaac Agyemang has allegedly embezzled GH¢ 66,138 of students’ dues.
According to report by Universenewsroom.com, the General Assembly of UG approved a sum of GHC 365,452 from the SRC dues as expenses for the first semester of the 2019/2020 academic year.
But it has been revealed through the University of Ghana’s Income Statement presented to the General Assembly that Mr Isaac Agyemang withdrew an amount of GHC 431,590 from the dues indicating an excess of GHC 66,138 spent.
The General Assembly has since directed the university’s audit board to investigate the spending of the GHC 66,138.
Meanwhile, the SRC Treasurer, Philomena Sarbah Andam and the President, Isaac Agyemang explained that the difference in expenditure can be attributed to the ‘heat in preparations for some SRC programs’.
Isaac and Philomena further argued before the GA that the emergency nature of some situations was the sole reason for spending the excess amount.
But the General Assembly also argued that hat the monies were spent in contravention to article 52 clause 5.
The clause states that: “where, in respect of the semester, it is found that the amount of monies appropriated for any purpose is insufficient or that a need has arisen for expenditure for a purpose for which no sum of money has been appropriated, a supplementary estimate showing the sum of money required, shall be presented to the General Assembly for its approval”.
According to the President of the Concerned Small Scale Miners, Michael Kwadwo Peprah, all the ounces of gold seized between 2018 and 2019 have vanished and officialdom cannot account for it.
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