Vice Chancellor of the University of Ghana (UG), Legon, Professor Nana Aba Appiah Amfo, and other officials faced difficulties in adequately answering various questions related to alleged infractions during a session with the Public Accounts Committee (PAC).
The PAC expressed dissatisfaction with the officials’ lack of preparation and advised the University to be better prepared for future appearances.
The PAC also stated that it may recommend the prosecution of some University and NDK Financial Services officials concerning a GH¢1.2 million investment fund that has not been recouped despite repeated orders from the PAC.
The Office of Research Innovation and Development (ORID) at UG, Legon, made the investment, and since 2019, GH¢1,234,767.59 has been locked up with NDK Financial Services, with no indication of recovery.
As of March 17, 2020, only GH¢100,000.00 has been redeemed, leaving GH¢1,234,767.59 outstanding, even though the due date was October 15, 2019.