Ghana Education Trust Fund (GETFund)

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Ghana Education Trust Fund Act, 2000 (Act 581)

Establishment of the Fund

Objectives

Infrastructure Development:
Infrastructure Development
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Scholarships:
Scholarships
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Student Loans:
Student Loans
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Grants for Tertiary Institutions:
Grants for Tertiary Institutions
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General Educational Support:
General Educational Support
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Sources of Funding

Where the Money Comes From
Source of the Getfund
  • And, Money allocated by Parliament.
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Management Structure

Appointment:
Appointment GETFUND
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Administrator & Staff:
Administrator & Staff
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Responsibilities of the Board:

Priorities for Funding Distribution

Distribution Formula (Approved by Parliament)
Distribution FormulaGetFund
  • Pre-tertiary funds must be shared equally across districts
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Financial Safeguards

Strict oversight:
Strict oversightGetFund
  • The Auditor-General of Ghana audits these accounts within three months after the end of each financial year.
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Spending controls:
Spending controlsGetFund
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Annual Reporting:
Annual ReportingGetFund
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Key Rules for the Board

Periodic Snapshot of GETFund Allocations and Disbursements

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