Dr. Richard Boadu, the Administrator of the Ghana Education Trust Fund (GETFund), has announced that the Fund has gained Parliamentary clearance to complete all projects awarded previous to 2017 (legacy projects) and those awarded after 2017 to date during the next three years.
Dr. Boadu explained that on March 17, 2022, the Fund's administration requested and received approval from the Board of Trustees for a three-year project completion plan in stages, which was granted.
He explained that this was part of a larger strategy that included completing all pre-2017 E-block projects that had reached 70 percent completion by the end of 2022.
He went on to say that GETFund presented its plan to Parliament's Education Sub-Committee on March 23, 2022, and that it was approved by Parliament in April 2022.
According to the Administrator, there are 1,044 unfinished projects throughout the education spectrum that have been granted since 2017.
There are 544 basic projects, two TVET centers, nine model school projects, 487 second-cycle projects, and two tertiary-level initiatives.
Dr. Boadu stated that money will come from a combination of bond revenues and GETFund yearly budgeted contributions. He conveyed the Fund's joy at the ratification by Parliament. He stated, "We are set to bring the Fund into another new age to finally address the infrastructural landscape in our education system, which is riddled with numerous unfinished projects."
Since 2017, projects awarded have always had a financing source and processes in place to ensure good project management, according to the Administrator.
He reassured Ghanaians that the Fund will continue to fulfill its basic goal of providing required support to educational institutions and assisting in the improvement of teaching and learning at all levels of the sector. He expressed the Fund's delight at Parliament's confirmation. "We are about to usher the Fund into a new era to finally address the infrastructure environment in our education system, which is littered with unfinished projects," he said.
According to the Administrator, projects granted since 2017 have always had a funding source and protocols in place to guarantee appropriate project management.
He reassured Ghanaians that the Fund will continue to support educational institutions and aid in the enhancement of teaching and learning at all levels of the sector.