The Ghana Edu­cation Trust Fund (GETFund) has denied allegations of misapplication in the utilisation of the $1.5billion bond funds raised by the government in 2018 to provide critical infrastructure for schools in the country. According to the fund, its budget remained one of the most scru­tinised in budgets in Parliamentary records, as such there was no way monies allocated it could be misap­plied or misappropriated. "The budget (distribution for­mula) prepared by the Trustees is submitted to the Parliamentary Se­lect Committee. Education for its study and advice. Thereafter, same is presented to the Committee of the Whole for further scrutiny before it is forwarded to Plenary for debate and approval," the fund said. A statement issued in response to former Presi­dent John Drama­ni Mahama's query for the setting up of Daakye Plc and the utilisation of proceeds of the bond issuance, said all the budgets presented to Parliament within the syndication and the bond programme period had detailed updates on how funds raised were disbursed to finance urgent educa­tional needs of the country.