Account for $1.5bn GETFund loan approved for completion of E-block projects – Apaak to gov’t

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The Minority has called on the Akufo-Addo led government to give a clear breakdown of the $1.5 billion security that was approved for the Ghana Education Trust Fund (GETFund) to complete some critical educational facilities including E-blocks across the country.
This follows the first phase of a nationwide tour of the E-block projects initiated by the former Mahama government to ease congestions in second-cycle schools across the country.
The tour led by the Minority MPs on Parliament’s Education Committee revealed the neglect of the projects with completion of some ranging between 20% to 95%.
Speaking to the media after a tour of some of the uncompleted projects left to rot after the exit of the NDC government, a Deputy Ranking Member of the Committee, Dr Clement Apaak, questioned the rationale in stalling work on the projects and allowing the nation’s scarce resources to go down the drain.
“We are all aware of the inadequacy of infrastructure which is why the obnoxious double track system was introduced.”

 “So, when we have structures like this, 90 per cent complete, at a cost of 9 million cedis  and yet we cannot complete it for students to have access to education , for classroom sizes to be reduced, for  communities to have hope  that their wards are going to benefit from the free senior high school, clearly, we cannot forgive government.

“Because the 1.5 billion dollars that GETFund was securitised  to obtain  was supposed to help complete what they themselves described as essential educational infrastructure and they  indicated in their memo  to parliament  to that was to address the increased number of students who have come on stream as a result of the coming into being of the free SHS policy, so why is this here.

“Is it that we don’t have the money? What have they done with the 1.5billion that we securitised the GETFund for? Is it not time they come to parliament to account for how many of the critical educational infrastructure they have completed so that we know there is value for money in a community such as this which doesn’t even have a secondary school. Is it fair?”


The seventh Parliament under controversial circumstances in 2018, approved the $1.5 billion loan for the GETFund to support the development of critical educational needs across the country.

The Minority which boycotted the approval process argued it could not back the deal because of the mystery surrounding the identity of the lender of the facility.

But government disagreed insisting Minority MPs had been given full disclosure on the lender.

Then Minister of Monitoring and Evaluation, Dr. Anthony Osei Akoto, in his contribution during the debate went ahead to reveal the lender was CAL Bank.

“Mr Speaker, let us be honest with ourselves, other than that, we will be setting examples that we cannot continue to follow” he added.

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