University of Ghana SRC Hostel Project in the offing, valued at $17.3m

University of Ghana SRC Hostel Project in the offing, valued at $17.3m

The University of Ghana Student Representative Council has announced that it will soon begin processes to facilitate the construction of the SRC Hostel to ease the congestion in the residential halls and cushion the accommodation capacity of the school at the cost of $17.3m.

This statement comes on the heels of a series of activities which were initiated by previous SRC administrations in the advancement of the long-proposed agenda of erecting a hostel which will be owned and controlled by the SRC.

Students of the University of Ghana had been contributing towards the construction of the hostel since 2002 when the idea was conceived. The Chair of the Projects and Programmes Committee, Kwesi Newman who revealed this while presenting a proposal of his committee at the first sitting of the General Assembly in the second semester stressed that discussions were far advanced between the SRC and a consultant (Wealth Management), which was contracted to draw up a business plan for the project.

Highlighting the reasons which have resulted in the delay of the project for the past decade, President of the University of Ghana SRC, Sylvester Owusu Amoako bemoaned the sort of isolated attempts being made by individual SRC leadership, a situation he believes is to blame for the slow pace of development with the project.

‘If each SRC administration was to have committed to at least finishing up one phase of the project, we may have finished with the project by now. I mean it has been almost 17yrs since we started this course. It doesn’t matter if it is Sly or any other SRC president who commissions the project, the goal is to assist the average UG student with a better condition for learning’, he stressed.

While furnishing the house with details on progress made with the project thus far, he mentioned that the Esinam Afi Seade led administration contracted a consultant to draw up a business plan at a cost of $8000. Subsequently, Wealth Management Limited, a fund management company has been engaged to help the SRC raise the total amount needed for the project.

‘The Esinam-led administration paid an amount of $8000 for a business plan to be drawn up. After that, Wealth Management Limited has been engaged to help raise the total amount of money needed for the project. The project is estimated to cost $17.3m from PDMSD’, he added.

Background

In October 2018, the SRC President of the University of Ghana, Sylvester Amoako who was delivering his State of the SRC Address on the floor of the General Assembly mentioned that his outfit was engaging an external consultant on developing a comprehensive plan for the project.

Sylvester Amoako made this proposal whilst delivering his State of the SRC address at the second General Assembly Meeting stating that an agreement had been reached with the Wealth Management Company; the contract will be a Build Operate and Transfer (BOT) agreement.

The General Assembly has since resolved that the SRC Executives culminate the entire trail of documentation on the hostel project and present to the house at its next sitting slated for February 22.

By:

Manuel Koranteng | universnewsroom.com

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