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GETFund Board of Trustees inaugurated

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The Minister for Education, Dr. Matthew Opoku Prempeh, has asked board members of the Ghana Education Trust Fund (GETFund), to be responsible for the governance of the fund by coming up with visionary policies that would propel the mission of the institution.

The new members were asked to work in pursuance of GETFund Act, 2000 (Act 581) and be guided by them.

Dr. Opoku Prempeh said this when he inaugurated the eleven member GETFund Board of Trustees at the Ministries in Accra.

He expressed gratitude to the Chairman, Professor Dominic Fobih, and the Board members, on behalf of President Nana Addo Dankwa Akufo-Addo, for accepting make their skills and experiences available to serve on the board.

According him, education plays the most effective role in combating poverty for national development, adding that, “it equips the individual with knowledge, competence, skills and attitudes that enable him or her to function properly in a society.”

The ministry will support GETFund to perform its functions in a transparent and a more efficient manner to achieve its purpose.

This will include the review of the legal and regulatory instruments of the Act to respond to evolving issues as well as play a facilitative role to ensure that funds expected from GETFund are released in a timely manner and for the intended purpose.

The Minister announced that the Project Unit of GETFund in charge of infrastructure will be integrated into the Funds and Procurement Management Unit (FPMU) of the Ministry.

He suggested that the institution must have a well-resourced Monitoring and Evaluation Unit to ensure efficient and effective utilsation of funds.

Dr. Opoku Prempeh stated that the provision of foreign scholarships by GETFund to build the capacity for all levels of education will be reviewed.

The education Minister also revealed that his Ministry will work with the board members to improve disbursement of funds required for various programmes as approved by Parliament in their formula.

He acknowledge the role of GETFund in providing funding for the provision of educational infrastructure and facilities within the public sector  educational institutions, but said there still remained daunting challenges that required huge resources to meet the sector’s targets.

Prof. Fobih, on behalf of his colleague, thanked President Akufo Addo for the appointment and describe it as an honour and a call to duty.

He acknowledged the enormous responsibility placed on them and said they would rise up to the occasion.

Prof. Fobih also pledged the board’s support to President Akufo Addo to help him achieve his vision for education in the country.

The Chairman and members swore the Oath of Office and the Oath of Secrecy.


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