The Ghana Education Trust Fund (GETFund) Administrator, Dr. Richard Ampofo Boadu, has disclosed significant progress at GETFund.
In an interview on Asempa FM’s Ekosii Sen programme Tuesday, he said GETFund has implemented a monitoring system that allows them to track students studying abroad and ensure accountability among contractors.
“We now have a system in place that allows us to monitor any student studying abroad as well as contractors. This ensures accountability in our operations” he said.
Dr. Boadu stressed the prudent use of funds, explaining that the 2024 budget has cleared all debts incurred up to December 2023.
“We have paid every contractor we owed as of 2023. Any debts owed to contractors will only be from 2024 onwards, and we have captured all these obligations in our budget” he said.
He reassured listeners that no contractor would come forward claiming that GETFund owes them, as all debts have been accounted for.
Currently, Dr. Boadu noted that GETFund’s total debt stands at approximately 900 million Ghanaian cedis.
However, he mentioned, “We have some funds that we need to recover, which exceeds our total debt.”
He further elaborated on the fund’s diverse financial responsibilities.
“We are committed to using our resources wisely, and sustainability is crucial in all our projects.” he said.
Dr. Boadu confirmed that all disabled students who applied for scholarships this year received support
“I’m pleased to report that our 2022 awardee is currently in the UK enjoying his scholarship,” he said.
The GETFund has also made strides in digitalization, ensuring that all their projects are digitized for better efficiency.
For the 2023/2024 academic year, the Ghana Education Trust Fund has extended scholarships to 5,026 students, marking a 15 percent increase from the previous year’s 4,276 awardees.
The scholarships cover tuition fees totaling GH¢33.74 million across 145 local tertiary institutions, both public and private.
Dr. Boadu concluded, “This demonstrates our commitment to education and supporting students across Ghana.”
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