The Ghana Scholarships Authority (GSA) has denied reports that the University of Memphis has terminated its scholarship agreement with the Authority over an alleged US$4 million debt.
GSA Director-General, Alex Kwaku Asafo-Agyei, said the agreement between the two institutions remains in force and that neither an official nor unofficial notice of termination has been served on the Authority.
In a Facebook post on Monday, August 31, 2026, Mr Asafo-Agyei said the partnership, which was signed in April 2023, contains a clear termination provision requiring either party to give the other 90 days’ prior written notice before ending the agreement.
He explained that the agreement also provides for a five-year term, meaning it remains valid until 2028 unless terminated in accordance with the agreed provisions.
“As we speak, NO OFFICIAL or UNOFFICIAL NOTICE OF TERMINATION HAS BEEN SERVED ON THE GSA,” he stated, adding that there had also been no discussions with the Authority suggesting that the agreement had been terminated or was in the process of being terminated.
The clarification follows a report by Citi FM suggesting that the University of Memphis had ended its scholarship partnership with Ghana over an alleged US$4 million debt.
The GSA Director-General, however, said steps had recently been taken by the government to address the financial obligations associated with the partnership.
According to him, the Ministry of Finance, following advice from the GSA, released US$500,000 to the University of Memphis on Wednesday, August 26, 2026, as part-payment towards the outstanding arrears.
He added that the GSA had also engaged the Ministry of Finance over the outstanding budgetary allocation required to service the debt, while discussions were ongoing to find a sustainable solution to the financial commitments.
Mr Asafo-Agyei further disclosed that he was currently in the United States for a scheduled engagement with the University of Memphis, where discussions were expected to focus on developing a roadmap for addressing the outstanding financial obligations under what he described as a legacy debt partly inherited from his predecessor.
He questioned the basis of the Citi FM report, asking where the media organisation obtained information suggesting that the University had terminated the scholarship agreement.
The GSA Director-General also criticised the station for publishing the report without first seeking verification from the Authority.
“Citi FM has over the years been a valued media partner in shaping conversations around the work of the Ghana Scholarships Authority. It is therefore unfortunate that, on this occasion, the appropriate verification was not sought from the Authority before the publication,” he said.
Mr Asafo-Agyei has consequently called on Citi FM to retract the report and issue the necessary corrections, taking into account the terms of the agreement and the current position of the GSA.
He stressed that verification was particularly important in matters involving thousands of Ghanaian students, significant public funds and an international scholarship partnership.
“Responsible journalism requires verification,” he said, adding that it was equally important for media organisations to admit errors when they are clearly established.
Source: Starrfm.com.gh
