- 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.
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.
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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.
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"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".
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