owes the Prudential Bank over GH\u00a210 million<\/strong><\/a><\/span> following a loan it contracted in 2011.<\/p>\nIt has been reported that the loan has forced the church to rely on its members to help defray the debt because\u00a0 the amount is said to have accumulated huge interest over the years.<\/p>\n
Meanwhile, the issue has angered some members of the church.<\/p>\n
Speaking to Citi News<\/strong>, Presiding Bishop of the Methodist Church Professor Emmanuel Asante said the situation although dire is not affecting teaching and learning in the school adding that \u201cIt has nothing to do with the students themselves.\u201d<\/p>\nHe explained that \u201cit is the church that has taken up the responsibility because we have to build the infrastructure and we are trying to raise funds to pay off the principal debt so that we would not have to be servicing debt all the time.\u201d<\/p>\n
\u201cIn a situation like that you will find people not happy with it, it always happen. I\u2019m not happy that we owe that much,\u201d he lamented.<\/p>\n
Methodist Church seeks bailout to pay university\u2019s debt<\/strong><\/p>\nIn its bid to save the school, the Methodist church has reportedly sent a distress call to its societies to contribute between GH\u00a22,000 and GH\u00a270,000 or more to help defray the debt.<\/p>\n
The superintendent ministers had been tasked to ensure that their congregations contribute their quota to settle the loan or risk being denied their salaries.<\/p>\n
The various churches have been given up to the end of the year to \u2018cough\u2019 out the levies.<\/p>\n
–<\/p>\n
By: Godwin Allotey Akweiteh\/citifmonline.com\/Ghana<\/p>\n