Asantehene urges gov't to rethink IGF remittance policy on universities

Asantehene urges gov't to rethink IGF remittance policy on universities

- Asantehene has urged government to reconsider its IGF university remittance policy

- He says the policy "smacks of robbing Peter to pay Paul".

- Asantehene was speaking at a graduation ceremony at KNUST

Asantehene Otumfuo Osei Tutu II has urged government to reconsider a policy forcing universities to remit a portion of their internally generated funds to the central government.

For more education news on YEN click here

Asantehene urges gov't to rethink IGF remittance policy on universities

Asantehene Otumfuo Osei Tutu II

READ ALSO: Kumawood actress admits to kissing men other than her husband

The Ashanti King expressed that at a point in time when Ghana's primary tertiary education institutions are struggling to scrape together funding for their various projects, government shouldn't be taking way its already limited source of funds.

"I vividly recall the days when universities receive prompt monthly subventions from government. This afforded them the opportunity to properly plan and execute their mandate," said the Asantehene.

Pay Attention: Get all the latest news on YEN.com.gh

Asantehene Oumfuo Osei Tutu II lamented the fact that government monthly subventions to universities were now "a thing of the past", thereby rendering universities incapable of doing any serious planning. According to the Ashanti King, this has weakened institutions' research and academic activities.

Pay Attention: Get news whenever and wherever you go with YEN NEWS

"To compound the problem," continued Otumfuo Osei Tutu, "the universities cannot rely on internally generated funds to remedy the situation because of a new law recently passed by Parliament which requires that universities must remit 34% of their IGF to government.

Asantehene Otumfuo Osei Tutu II, speaking at a graduation ceremony at the Kwame Nkrumah University of Science and Technology (KNUST), stated that the policy smacked of "robbing Peter to pay Paul".

READ ALSO: Ghanaian born soldier receives historic appointment by Queen Elizabeth II

Do you have any story to share with YEN? Get featured! We are available on Facebook and email via info@yen.com.gh

Related news

Ghanaians celebrate Best Female contestant of #NSMQ2017 for getting 6 A’s in WASSCE

Ghanaians celebrate Best Female contestant of #NSMQ2017 for getting 6 A’s in WASSCE

Ghanaians celebrate Best Female contestant of #NSMQ2017 for getting 6 A’s in WASSCE
YEN.com.gh
Mailfire view pixel