Parliament approves GH₵924m as 2018 GETFund Distribution Formula


Parliament has approved GH₵924m as GETFund Distribution Formula for the 2018 fiscal year.

Of the allocation, tertiary institutions are the highest beneficiaries, with an amount of GH₵328m earmarked for projects and programmes at these institutions.

According to Parliament’s Committee of the Whole report, secondary and basic schools were allocated GH₵256m and GH₵253m respectively.

Others such as the GETFund secretariat, Ministry of Education also received GH₵66m representing 7.20percent.

The Committee report also noted that GETFund proposed an amount of GH₵20m for Members of Parliament (MPs) to undertake projects and the monitoring of the projects in their constituencies.

For 2018, GETFund will focus on the provision for social intervention programmes such as Capitation Grant, Feeding Grant to Special Schools, Senior High School subsidy for continuing students, Additional subsidy for continuing Day student of Senior High Schools, Basic Education Certificate Examination (BECE) subsidy, Counterpart Funding (development of skills for industry projects).

Leave a Reply