Former Minister for communications in the erstwhile John Dramani Mahama administration, Dr. Edward Omane Boamah wants government to commission an audit into how monies accruing into the residential facility user fees in the various tertiary institutions are being utilized.
According to him, this would enable authorities and the generality of the Ghanaian people appreciate what has gone into the use of the money over the years and to explore possible avenues of maximizing its use.
In his opinion going forward, that account can be collateralized to access a loan facility from the banks to construct more hostels in the various campuses to resolve accommodation challenges in the tertiary institutions.
‘’When I was NUGS president, I remember I questioned what happens to the residential facility user fee and I called for a full audit of residential facility user fees, so that we will know over the years what has gone into the residential facility user fees, what it has been used for, what is left. Can that account even be used, can you collateralize that to take a facility and build another hostel facility because this is an account that money will continue to flow into, cash flow is assured and the more you build facilities, the more you are going to have more students paying into that same account’’ he said.
Dr. Omane Boamah said the time was now for authorities in the various universities across the country particularly those in the public sector to explore innovative ways of resolving issues on the various campuses.
‘’I am saying that there is capacity to build more residential facilities, that is a partnership between government and school authorities and am not saying the school authorities should go and charge more. Over the years we have been charging residential facility user fees and I think that the residential facility user fees account must be audited and clearly indicate what that money has been used for. If that is done and we are also able to collateralize the account for residential facility user fees, then we will be able to raise money to build more facilities’’ he explained further.