Subventions to the universities are suffering because of collateralisation of GETFund – Otokunor
Published:
1 month ago
Source:
3News
The Director of Interparty and Civil Society Relations of the National Democratic Congress (NDC), Dr. Peter Boamah Otokunor, says that if the government decaps the Ghana Education Trist Fund (GETFUnd), the GETFund should be able to give the government an amount of 300 million Cedis per year for this initiative. At the moment, he said the Akufo-Addo administration has collateralized the GETFund thereby even affecting the subventions to the universities. To him, if allocation to the student loans trust Fund is imposed together with decapping of the GETFund, the NDC administration will be able to fund the initiative. He asured that the NDC administration will find the resources to finance the 'no academic fees for level 100 students' initiative.
"We will improve allocation to the student loans trust fund," he said on the Key Points on TV3 on Saturday, August 17.
"If the government decaps GETFund, the GETFund alone will be able to release 300 million per year for this initiative and to be able to take
"Subventions are suffering because of the collateralization of GETFund, which they spend on frivolous projects and so the funding of this initiative will be the least of our problems.
"We rather have to look at moral hazards and corruption, where people will attempt to create ghost names, so efficiency mechanisms are required to track the numbers."
Dr.