University of Memphis has not terminated scholarship deal with GSA – Director-General
The Ghana Scholarships Authority (GSA) has rejected a media report claiming that the University of Memphis has terminated its scholarship agreement with the Authority over an alleged $4 million debt.
The Ghana Scholarships Authority (GSA) has refuted claims that the University of Memphis has ended its scholarship agreement with the Authority due to a reported $4 million debt. According to GSA Director-General Alex Kwaku Asafo-Agyei, the April 2023 agreement remains valid and is set to last for five years until 2028, unless one party terminates it per the contractual terms.
Notably, a 90-day written notice is required for termination. Asafo-Agyei emphasized there has been no formal termination notice served on the GSA nor discussions indicating the agreement's termination. He further revealed that the government, via the Ministry of Finance and with GSA advice, disbursed $500,000 to the University of Memphis on August 26, 2026, as part-payment towards overdue financial arrears.
Additionally, the GSA is working with the Ministry of Finance to address the remaining budgetary allocation required to settle the debt. Asafo-Agyei, who is in the United States for a planned meeting with the University of Memphis, mentioned ongoing talks to devise a plan for resolving the outstanding financial commitments, which he described as a legacy debt potentially inherited from his predecessor.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
