Ghana's premiere University, The University of Ghana has been hit by some serious financial crisis as authorities of the School are forced to borrow money to pay its staff for the past two months.
The current situation at the University has been occasioned by what authorities say is the delays in the processing and releasing of government subvention for January and February 2018.
“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” a memo to the staff and workers stated.
The memo, signed by the University’s registrar Ms Mercy Haizel Ashia and dated March 21 revealed, “It is not possible to borrow for a third month to pay salaries”.
The University said it is making efforts to ensure that “the delay is not prolonged”