Authorities of the University of Ghana have made it clear they will only reverse their decision to charge tolls on its roads if government pays them an amount of 2.3 million dollars.
According to the school, they took bank loan to reconstruct the roads and needed to repay the loan.
Joy News gathered that the Vice Chancellor of the University, Professor Ernest Aryeetey had told the Roads and Transport Committee of Parliament that the Act establishing the school gives it the authority to charge the tolls.
Vice Chairman of the Committee Theophilus Tetteh Chaie told Joy News’ parliamentary correspondent that the Vice Chancellor said the university took a loan of 43 million Ghana cedis to construct some hostels with the assurance that government was going to pay them back, but that was not done.
The university is now saddled with about 130 million debts to settle with their bankers, Prof. Ayittey claimed.
The Vice Chancellor also brought to the attention of the Committee that the school was given the power to go to the open market, source for loans for this project and find ways of paying back the loans. This, he said, informed their decision to charge persons who use their roads.
According to Tetteh Chaie, the Committee would make two recommendations to the house: either amend the Act establishing the university or direct the appropriate authority to reimburse the university.
Information gathered by Joy News indicates that when the Roads and Highway Minister appeared before the committee, he said government was considering paying back the money the university used to construct the road
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