April 21, 2017

Capping of statutory funds, by President Nana Akufo-Addo’s government is damaging to the economy we will not see it immediately. Ghana Education Trust Fund (GETFund) should have been allocated one point four billion Ghana cedis instead seven hundred and ninety million has been allocated, Member of Parliament(MP)for Ho Central Honorable Benjamin Komla Kpodo lamented in an interview with ghanamps.com.

He further pointed out that, GETFund has embarked on a lot of school project across the Country, “how are they going to pay the contractors who are building classrooms for us, how are they going to embark on building new classrooms?”

Again our students studying abroad, GETFund is sponsoring many people, how will they meet their obligation this is a bad move by government capping statutory funds, he said.
“I pray that the Ghana Education Trust Fund(GETFund) does some magic to meet their obligation and we do not see Ghanaian students abroad demonstrating, because we cannot meet our obligation to those foreign institutions”.

The District Assembly Common Fund which use to be seven half percent, because of the capping instead of one point seven billion Ghana cedis they are being given one point two five billion, this is going to affect development in the local communities. Since they know what to do from their locality and not the Flagstaff House seat of government, he lamented.

These capping which has occurred, within this 100 days in officer of the current government has a lot of troubles for the Country, again the huge size of ministers we have, the MP minister is going to have free fuel, police escort, special assistance free utilities burden on the state, the Ho Central legislator said.

“It is untruth for anyone to say, the MP Ministers is cost saving to the state, in fact what is going to be added is three times more cost to the state, as MP’s we are going to be given loans to purchase our own vehicles. It is not going to be easy maintain 110 Ministers, so that protection of the public purse message delivered by the President is a mirage”.

By: Kwaku Sakyi-Danso/ghanamps.com