News:
November 16, 2018
As part of the broad policy decisions for the 2019 financial year, government intends to embark on a proposal to secure up to US$1.5 billion long-term financing for the Ghana Education Trust Fund (GETFUND).
This is expected to be done on the back of a portion of VAT receivables as prescribed in Act 581.
Finance Minister, Ken Ofori-Atta who disclosed this to Parliament on Thursday when he presented the 2019 economic policy and Budget statement said the amount will be used for critical education infrastructure, especially to complete the numerous uncompleted buildings in secondary and tertiary institutions around the country.
Finance Minister, Ken Ofori-Atta who disclosed this to Parliament on Thursday when he presented the 2019 economic policy and Budget statement said the amount will be used for critical education infrastructure, especially to complete the numerous uncompleted buildings in secondary and tertiary institutions around the country.
GETFUND, one of the critical statutory expenditure avenue sources which has ensured the provision of several educational facilities across the country has suffered inadequate funding for a long time.
This has stalled several GETFUND funded projects across the country.
As a result, the US$1.5 billion long-term financing when secured will bring a new breathe into the fund.
By Christian Kpesese/ ghanamps.com