COVID-19 crisis forced GIMPA to borrow for operations – Prof Bonsu

Balancing enrolment with financial sustainability Prof Bonsu explained that increasing student enrolment does not necessarily improve an institution’s financial position if the cost of providing education and other services exceeds the revenue generated from fees.

Speaking on Joy FM’s Super Morning Show on Friday, September 11, Prof Bonsu said GIMPA’s financial position deteriorated as the shutdown persisted, eventually exhausting the institution’s reserves.

Beyond the financial measures, Prof Bonsu said the institution also focused on restoring GIMPA’s reputation, strengthening its academic programmes and deepening its engagement with government agencies.