University of Memphis Has Not Terminated Scholarship Agreement With GSA – Asafo-Agyei

The Ghana Scholarships Authority (GSA) has denied reports that the University of Memphis has terminated its scholarship agreement with the Authority over an alleged $4 million debt.

The Director-General of the GSA, Alex Kwaku Asafo-Agyei, described a report published to that effect as inaccurate, stating that no termination notice has been served on the Authority.

According to him, the agreement between the University of Memphis and the GSA, signed in April 2023, is explicit on how either party may bring the arrangement to an end.

Under the “Term and Termination” clause, he explained, either party may terminate the agreement by providing ninety (90) days’ prior written notice to the other party.

“As we speak, NO OFFICIAL or UNOFFICIAL NOTICE OF TERMINATION HAS BEEN SERVED ON THE GSA, nor have there been any discussions with the Authority that remotely suggest that the agreement has been terminated or is being terminated,” the Director-General said in a statement.

He noted that the agreement provides for a five-year term and, having been signed in April 2023, remains in force until 2028, unless terminated in accordance with the agreed terms.

Mr Asafo-Agyei also disclosed that significant steps have been taken to address the financial obligations associated with the partnership.

“As recently as Wednesday, August 26, 2026, the Government of Ghana, through the Ministry of Finance and following advice from the GSA, released $500,000 to the University of Memphis as part-payment towards the outstanding financial arrears,” he stated.

He added that the GSA has engaged the Ministry of Finance regarding the outstanding budgetary allocation required to service the debt obligation, while discussions continue towards finding a sustainable solution to the financial commitments.

The Director-General, who is currently in the United States as part of a scheduled engagement with the University of Memphis, said discussions are scheduled around developing a roadmap for meeting the outstanding financial obligations under what he described as a legacy debt inherited partly from his predecessor.

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