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General News on Friday, April 5th, 2019
Source: thebftonline.com
2019-04-05
play the videoDr. Mahamudu Bawumia, Vice President
The government has set aside $ 1.5 billion in GETFUND funding for educational infrastructure in the country's various high schools, said Vice President Mahamudu Bawumia.
Mr. Bawumia, at a public meeting in Accra, said the US $ 1.5 billion would be used to build infrastructure such as school blocks and dormitories.
It will be used for critical education infrastructure, especially to complement the many unfinished buildings in secondary and tertiary institutions.
B & FT checks revealed that a proposal to obtain long-term financing of up to US $ 1.5 billion for GETFUND, in support of a portion of the VAT receivables as prescribed in the Law 581, will be issued in three tranches of 500 million US dollars. already been presented to Parliament.
The GETFUND's money, amounting to $ 1.5 billion, is a government attempt to tackle the problems posed by the introduction of the free SHS program in 2017, which has brought in an additional 90,000 students who would not have attended SHS education.
In 2018, the number of registrations increased by 36%, which means that an additional 181,000 students were given the opportunity to access secondary education.
This has put tremendous pressure on the existing infrastructure, which several commentators have urged the government to resolve.
This should help reduce congestion and some of the problems badociated with the introduction of Free SHS.
The Ministry of Education received a budget allocation of 12.87 billion GH ¢ for the 2019 financial year, of which 1.682 billion GH ¢ was allocated to the implementation of the Free SHS program.
The Fellowship Secretariat, which reports to the Government Machinery Bureau, has been responsible for directly funding the Free SHS program since 2018; the budget allocation of 1.682 billion GH ¢ for the program had been calculated on the total budget allocation to the ministry for the scholarship secretariat.
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