GETFund defends Bond issuance, rejects Mahama’s claims of ineffectiveness

The Ghana Education Trust Fund (GETFund) has refuted claims by NDC flagbearer John Mahama that the fund has been "collateralised and capped," limiting its effectiveness.

In a statement, GETFund clarified that its receivables were not collateralised but securitised to raise funds for urgent educational needs, particularly due to the increased enrollment from the Free SHS/TVET program.

Between 2020 and 2022, Daakye Plc facilitated bond issuances that raised 2.6 billion cedis, funding over 3,000 projects.

GETFund assured the public that its budget is carefully managed and transparent.