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Don't go for loans without approval-Prez to Public Universities

Written by  Aug 13, 2017
President Nana Akufo-Addo has admonished state universities to seek approval from the Finance Ministry before getting any loan facility.   The president said this on Saturday, 12th August, 2017, when he delivered a speech at the 50th congregation and 5th oath taking and induction ceremony of the School of Medical Sciences of the University of Cape Coast.   “I think we should learn from previous and unfortunate bitter experience that such arrangement should not be done on the blind side of the government. I will strongly urge if you have not already done so, that you seek the blessing of the Ministry of Finance and the office of the Attorney General to the arrangement,” Nana Addo stated. “There is currently a difficult situation at the University of Ghana that should serve as a useful lesson for all public tertiary institutions which seek to engage in such arrangements.”    
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