{"id":166083,"date":"2015-11-11T09:53:14","date_gmt":"2015-11-11T09:53:14","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=166083"},"modified":"2015-11-11T11:02:23","modified_gmt":"2015-11-11T11:02:23","slug":"cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/","title":{"rendered":"CAL Bank drags University of Ghana to court over non-payment of loan"},"content":{"rendered":"

Cal bank has stated it will haul the University of Ghana to court over the non-payment of money owed the bank.<\/p>\n

[contextly_sidebar id=”9WipgtOeO3Ii0I36zmLcUan9UxFgOUBB”]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.<\/p>\n

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.<\/p>\n

Speaking to Citi Business News<\/strong>, Frank Adu further decried the low level of commitment shown by the government in the repayment process.<\/p>\n

\u201cWe did have significant real estate exposure three years back and three years on we still have some exposure. The significant portion of it is being paid or it is still current, but we still have a situation with UGEL, the hostels the situation there is that the hostel is occupied and the students pay the residential user fees but the University does not service the facility,<\/p>\n

\u201cThere have been several meetings on it and government has decided to take over and settle the six banks involved, we haven\u2019t seen the government, seen the steps as expected in settling that debt so we have taken the decision to go to court so very soon CAL bank will own 12,500 beds,\u201d he said.<\/p>\n

–<\/p>\n

By: Pius Amihere Eduku\/citifmonline.com\/Ghana<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Cal bank has stated it will haul the University of Ghana to court over the non-payment of money owed the bank. [contextly_sidebar id=”9WipgtOeO3Ii0I36zmLcUan9UxFgOUBB”]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 […]<\/p>\n","protected":false},"author":14,"featured_media":4895,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[4],"yoast_head":"\nCAL Bank drags University of Ghana to court over non-payment of loan - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAL Bank drags University of Ghana to court over non-payment of loan - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Cal bank has stated it will haul the University of Ghana to court over the non-payment of money owed the bank. [contextly_sidebar id=”9WipgtOeO3Ii0I36zmLcUan9UxFgOUBB”]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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-11T09:53:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-11-11T11:02:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/cal-bankk-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"426\" \/>\n\t<meta property=\"og:image:height\" content=\"347\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/\",\"url\":\"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/\",\"name\":\"CAL Bank drags University of Ghana to court over non-payment of loan - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2015-11-11T09:53:14+00:00\",\"dateModified\":\"2015-11-11T11:02:23+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CAL Bank drags University of Ghana to court over non-payment of loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CAL Bank drags University of Ghana to court over non-payment of loan - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/","og_locale":"en_US","og_type":"article","og_title":"CAL Bank drags University of Ghana to court over non-payment of loan - Citi 97.3 FM - Relevant Radio. Always","og_description":"Cal bank has stated it will haul the University of Ghana to court over the non-payment of money owed the bank. [contextly_sidebar id=”9WipgtOeO3Ii0I36zmLcUan9UxFgOUBB”]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 […]","og_url":"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2015-11-11T09:53:14+00:00","article_modified_time":"2015-11-11T11:02:23+00:00","og_image":[{"width":426,"height":347,"url":"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/cal-bankk-logo.png","type":"image\/png"}],"author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/","url":"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/","name":"CAL Bank drags University of Ghana to court over non-payment of loan - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2015-11-11T09:53:14+00:00","dateModified":"2015-11-11T11:02:23+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2015\/11\/cal-bank-drags-university-of-ghana-to-court-over-non-payment-of-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"CAL Bank drags University of Ghana to court over non-payment of loan"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/166083"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=166083"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/166083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media\/4895"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=166083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=166083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=166083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}