Home Ghana News 96% of liabilities inherited from previous administration cleared – GETFund

96% of liabilities inherited from previous administration cleared – GETFund

The Administrator of the Ghana Education Trust fund (GETFund), Mr. Richard Ampofo has said that Fund has been able to clear 96% of liabilities created before 2017 after receiving US$1.5 billion to support the development of educational infrastructure.

Speaking at the Ministry of Information’s press briefing, the Administrator noted that the Fund has also paid contractors who sued it.

“We have the E-blocks and as a result of the loan coming in, we’ve been able to pay 96% of the liabilities that we took over and we’ve even been able to pay more than that. The 4% was as a result of contractors who took GETFund to court but standing here today, I can boldly say that of the number that sent GETFund to court, 13 out of the number have pulled out, and we’re settling the matter out of court because they have seen that the others have been paid,” he said.

The Administrator also stated that a lot of projects have been undertaken under the Akufo-Addo administration.

“Out of the securitization, GETFund has been able to build 1666 new projects. We also did 39 renovations of dilapidated structures, so if we hear that the Nana Akufo-Addo government has not even built one single school, tell them that it’s a lie.”

Giving a breakdown of some projects that had been completed, he named 1122 classroom blocks, 325 dormitories, 295 toilets, and others; including assemblies halls, teachers’ quarters, and so on are 21.

Mr. Richard also debunked assertions that GETFund has abandoned projects initiated under the erstwhile Mahama administration.

Richard Ampofo Boadu explained that as of August 2020, 409 projects started under the NDC regime had been completed.

He added that they settled all arrears that they came to inherit and did not abandon any projects.

He reiterated that there was the need to carry out a value for money audit due to the multiplicity of projects.

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