Parliament approves GETFund distribution formula for 2018

Parliament on Wednesday approved the formula for sharing the GH¢924 million of the Ghana Education Trust (GETFund) for the 2018 fiscal year.

Out of the amount approved for the GETFund, GH¢328,136,603 has been allocated to tertiary institutions; GH¢246,323,360 to secondary schools; GH¢253,11,580 to basic schools while other expenses by the GETFund amounted to GH¢66,604,000.00, with Members of Parliament emergency projects and monitoring being allocated GH¢20,625,000.00.

According to a Report of the Committee of the Whole, there was a proposal for an amount of GH¢20m for (MPs) to undertake projects and the monitoring of the projects in their constituencies.

For 2018, the 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 and Counterpart Funding (development of skills for industry projects).

Each MP would be provided with GH¢60,000.00 for the funding of education related projects in their respective constituencies.

A further GH¢15,000.00 has been earmarked for each MP to monitor education related projects.

Source: GNA