The Impact of Ghana’s Higher Education Governance and Regulatory Framework on Financial Sustainability

Abstract

Higher Education governance, legal and regulatory regimes in Ghana are important factors in the complex Higher Education landscape and its attendant funding challenges. Increased global demand for Higher Education highlights the importance of this framework in ensuring sustainable funding of the sector. The study assessed the impact of governance and regulatory variables on financial sustainability using a quantitative research methodology and a well-validated research instrument for correlational analysis. The findings revealed a statistically significant relationship between the combined effect of all eight variables while the variable, institutions undergo accreditation was the only one that was significant in predicting the best fit equation for financial sustainability. The recommendations arising from the findings will assist policy-makers to undertake relevant reform of the current governance, legal and regulatory practices in the country.