Professor Ernest Aryeetey accused certain people within the University of Ghana management of misrepresenting and giving out false analysis on the deal in an attempt to tarnish his reputation and legacy.
Professor Ernest Aryeetey in an interview on Citi TV’s Face to Face program with Godfred Akoto Boafo, explained that the University has acts and statutes which prevents the Vice-Chancellor or any University council member to take decisions without recourse to the University council for approval.
He added that being well vexed in the acts and statutes of the University meant that he was always guided by it and never sort to take any decision that did not have the approval of the University council.“Anybody who knows how Universities work around the world and here in Ghana, will know that it is not possible, to do a one man show. The University has rules both in the acts that establishes it and in the statutes, one of the things I pride myself in very much is that I came to appreciate the acts and the statutes very well. And as a result was always guided by these.”
Professor Ernest Aryeetey, who is also a renowned economist, also explained that the Africa Integras deal was not shrouded in secrecy, and claims that there were no consultations with the University’s management are all false.
Professor Aryeetey in mounting a defense for the Africa Integras deal said that the deal was signed at a public event at the University of Ghana’s Great hall where students, Ministers of state, University Council members were all present.
“There is absolutely no way and the statutes are clear always no way that as a Vice-Chancellor you can borrow money without the approval of the University council. It is not possible. So I would have expected that if I was entering into such an agreement of this financial nature, for which I had no authority for the three years that this was negotiated somebody would have raised the issue that why are you negotiating this when we signed the agreement in full public view at the great hall with all former Vice-Chancellors, Ministers of state, faculty, students University council members, students present. Why didn’t anybody say we hadn’t approved this.”
Professor Ernest Aryeetey in the interview further expressed his surprise at the lack of a thorough investigation into the matter by the people who have accused him of wrongdoing with regards to the $64m Africa Integras deal.He however revealed that although he has been invited to some rather short meetings by the University over the matter no one has come out to conduct a full blown investigation into the matter.
Professor Aryeetey said he is opened to any form of enquiry or investigation into the deal.
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