Grapevine

Funds being utilised judiciously

The Ghana Education Trust Fund (GETFund) has responded to assertions made by John Mahama, the National Democratic Congress (NDC) flag bearer, concerning the creation of Daakye Plc and the management of bond proceeds.

During a Youth Forum in Ho on August 13, Mr Mahama claimed that the New Patriotic Party's (NPP) running mate, Dr Matthew Opoku Prempeh (alias NAPO), who is a former Education Minister, has questions to answer about the management of the Daakye Bond.

He pledged to reverse the collateralisation and capping of GETFund, suggesting that these actions had reduced the Fund's effectiveness.

“This person who is the running mate for Dr Bawumia was the Minister of Education and he brought a bond to Parliament called the Daakye Bond. It has led to the collateralisation of the GETFund so this year, total receipt from the GETFund should amount to about 7 billion cedis. About 4 billion of that was taken in the Daakye bond by NAPO and his Ministry of Education."

“Tell me what was that money used for? The project that they said they were coming to fast-track and finish is still standing there unfinished so how did they apply that money? And so people have questions to answer,” he said.