The results have led to renewed calls for the scrapping of the IEB set up in 2013.
It was formed to address frequent examination leakages after lecturers were asked to set questions. The identities of the examiners are hidden and there are no direct contacts to the examiners some of whom are reported to be residing outside the country.
But the IEB has no law backing its operations.
The SRC President of the Ghana Law School who spoke on the Joy FM Super Morning Show Wednesday, described the IEB as an "ad hoc business" that has become a god unto themselves.
He said it took the IEB nine months to mark barely 600 scripts.
Students who failed exams had no opportunity for re-marking, he said explaining the IEB only agreed to re-collate marks after the aggrieved student paid 650 cedis.
Even with this concession, it was found that some students who had initially failed later passed, forcing the IEB into further concessions, he said.
The IEB now remarks scripts and charges 3,000 cedis for each request.
Since the body began its work in 2013, it has never released a single examiner's report. The Board has also been accused of marking scripts without a marking scheme.
Samuel Gyamfi said despite the hidden identities of the examiners, the students have found out that one of the examiners is a Chartered Accountant with no legal training.
He claimed some of the examiners live abroad and set questions on topics that have not been treated in class and also outside the syllabus.
This is because the examiners have no idea what is taught in class, the student leader said.
The former Director of Ghana Law School, Prof. Ansah Asare also expressed disappointment in the General Legal Council for setting up an examination body that had no legal backing.
He also expressed disappointment in students who caved in after threatening to boycott the exams because of the illegality of the IEB.
'Why do you lend credibility [to IEB] by going to write the exams if you know the IEB is illegal?'
The IEB "should be scrapped immediately" he said and accused the Chief Justice and the Attorney-General of hijacking the General Legal Council.
He said the GLC which administers legal education in Ghana is composed of only one academic who is the Dean of the Law Faculty of the University of Ghana.
The rest are Supreme Court Justices and others in non-academic fields of endeavour.