Saturday, April 19, 2025
HomeBusinessFinance Minister did well in uncapping GETFund - Haruna Iddrisu

Finance Minister did well in uncapping GETFund – Haruna Iddrisu

-


Minister for Education, Haruna Iddrisu, has reiterated the government’s commitment to strengthening the financial foundation of the country’s education sector, praising the Finance Minister, Dr Cassiel Ato Forson for uncapping the Ghana Education Trust Fund (GETFund) in the 2025 Budget.

He says uncapping GETFund will enhance the administration of Ghana’s education sector as it will boost infrastructure expansion.

The Finance Minister presented the 2025 budget in parliament on Tuesday, March 11, 2025.

Speaking on Joy FM’s Super Morning Show on Wednesday, March 12, Mr. Iddrisu, described the current efforts as “a good beginning and a good start,” highlighting key financial strategies aimed at ensuring sustainable educational development.

According to the minister, the government has identified three major steps to improve funding in the education sector.

The first step involves uncapping the Ghana Education Trust Fund (GETFund), allowing for an increase in financial resources allocated to educational infrastructure and programmes.

Secondly, the government plans to absorb the Daakye bond bills as part of the national public debt, a move aimed at relieving the education sector of the financial pressures and ensuring a more stable allocation of resources.

He said the third and perhaps most significant initiative is dedicating GETFund solely to financing the Free Senior High School (SHS) policy.

“Three, to dedicate Get Fund to the financing of the free senior high school,” he said.

This move, he explained, is expected to enhance the implementation and sustainability of the flagship education programme.

While acknowledging that these measures may not entirely address all financial challenges facing the education sector, Mr. Iddrisu maintained that they are necessary steps towards long-term improvements.

“Now, that may not be enough, but at least a good beginning,” he remarked.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.



Source link
Disclaimer

The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Hot Fm Online Media.

Related articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest posts