GCTU has signed a partnership deal with KPMG as a transaction advisor to facilitate a suitable private developer for a Public-Private Partnership (PPP) arrangement on Friday, April 4, 2025, at the VC’s boardroom.
This collaboration aims to deliver a proposed project, specifically a 2,436-bed hostel facility for students, through a PPP arrangement, aligning with the PPP Act, 2020, Act (1039).
Speaking at the short ceremony, the Vice-Chancellor, Prof. Emmanuel Ohene Afoakwa, said the partnership with KPMG marked a significant milestone in the University’s efforts to enhance its infrastructure and provide world-class facilities for its students.
He highlighted the long journey to reach this milestone, stating that, the project began in 2019 with a feasibility study, which was completed and submitted to the Ministry of Finance and after several processes, the project was deemed feasible, but required another consultant for the final phase. “We have been working on this project since 2019. We are very excited that at long last, we have been able to go through the procurement process. We really appreciate your expertise and we know what you are able to do,” Prof. Afoakwa noted.
Earlier, the Head of Procurement, Ms. Fatu Esi Sesay gave a brief background on the project. Ms. Sesay touched on the procurement process for the engagement of the Transaction Advisor, highlighting the importance of transparency and competitiveness. “Today we are here for the signing of the contract between GCTU and KPMG. Although the Ministry of Finance is a signatory to this contract, they are not present, but they have instructed us to proceed with our part and send the documents to them for signing. So, today, we are here to fulfill our part of the contract,” she emphasized.
The contract duration between the two institutions spans three (3) months, starting immediately.
