The Ghana Education Trust Fund (GETFund) has set records straight on the alleged misuse or misappropriation of funds from the Daakye Bond.
Former President John Mahama has said the New Patriotic Party (NPP) running mate, Dr Matthew Opoku Prempeh has questions to answer about the management of the Daakye Bond.
During a Youth Forum in Ho, the flagbearer of the National Democratic Congress (NDC), said Napo supervised the allocation of GH₵4 billion from the Daakye Bond while serving as Education Minister.
He criticised the lack of progress on the projects that were supposedly funded by this bond, highlighting that many remain unfinished.
However, GETFund has clarified that its ability to execute its mandate was impaired due to the collateralisation of its receivables since 2018.
A statement issued by the head of Public Relations, Isaac Asiedu-Odei contended that the Bond has not been collateralised despite portions of the receivables having been “securitised to raise funds to realise its urgent activities.”
The statement explained that this does not mean it has access to its mandatory receivables, neither has the GETFund via Daakye plc received the cedi equivalent of 1.5 billion dollars into its vault.
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Read the full statement below: