Financial Crisis: No money to pay March salaries -UG tells staff

The memo, signed by the Registrar of the University of Ghana,  Mercy Haizel-Ashia said the university community is informed that “processing and release of the compensation subvention for January and February has been delayed.”

The nation's premier university has no funds to pay the March salaries of staff, a memo sighted by Pulse.com.gh reveals.

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The memo, signed by the Registrar of the University of Ghana,  Mercy Haizel-Ashia said the university community is informed that “processing and release of the compensation subvention for January and February has been delayed.”

 

"Therefore," the memo continued: "payment for March 2018, salaries cannot be made as scheduled."

The memo also suggested that the university has been borrowing to pay salaries of staff, a move it said it cannot continue.

"It is not possible to borrow for a third month to pay salaries," the memo noted.

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The University said it is making efforts to ensure that “the delay is not prolonged”.

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