The information available on the official website of Ghana education service (Ghanaeducation.org) indicates that Ghanaian Universities increasing fees by some 30% for the 2023 academic year. The increase is expected to affect both new and continuing public and private university students across the country
The main aim of increments in fees is to ensure universities can cover their administrative cost and other expenses incurred given the current price level of goods and services in the country.
cost of water, fuel, and electricity, which are major components of monthly recurring expenses of universities have all gone which will be transferred to parents in the form of higher fees.
A student offering BBA accounting as a new student was supposed to pay, GHS2071 at UEW but will now have to pay was GHS 3,204 as a fresher. Hall fees have also gone up and will now cost 1,530 for the 4-in-a-room option.
The expected increase in fees for tertiary students in 2023 means parents whose wards will be entering the university for the first time would have to start planning how to save enough for the tertiary education of their wards. For students who are funding their education all by themselves, they would have to map up strategies to start looking for funding ahead of reopening in January.
