CAL Bank drags University of Ghana to court over non-payment of loan

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 The decision, according to the Managing Director of the bank, Frank Adu, has become necessary following the delay in the repayment of the loan facility the bank granted the institution towards the provision of about 7000 bed capacity hostel facilities.

The University in 2011 contracted a syndicated loan facility from six banks including Cal bank but it is yet to settle the outstanding monies owed the banks.


Speaking to Citi Business News, Frank Adu further decried the low level of commitment shown by the government in the repayment process. Cal bank has stated it will haul the University of Ghana to court over the non-payment of money owed the bank.

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