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Home Ghana

GETFund To Clear Contractors Arrears

jojo by jojo
March 27, 2024
in Ghana, More News, National, News, Reviews, Social Media
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GETFUND will begin the clearing of the outstanding certificates of its contractors this year following the approval of the total of GH¢3,935,780.000.00 by Parliament for the financing of educational infrastructure projects typically geared towards the completion of these 3,606 projects across the country.

 

Out of the amount, 67 percent of it, representing GH¢2.645 billion had been earmarked for the completion of uncompleted but stalled projects.

 

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This was announced by the Administrator of the GETFUND, Dr. Richard Ampofo Boadu, when he engaged journalists and explained that the remaining GH¢1,290,780,000 of the approved amount would focus on scholarships, furniture supplies, budgetary support for all the agencies under the Ministry of Education among others.

According to him, those arrears would cover payment certificates for works executed to date on various educational infrastructure types at all levels of education, adding that and for the distribution of its projects.

He further expressed appreciation to Parliament, and added that the objective of the Board of Trustees of the Fund was to complete as many of these initiated projects as possible this year.

Dr. Richard Ampofo Boadu explained that per the distribution formula, all awarding institutions such as the Funds and Procurement Management Unit (FPMU) of the Ministry of Education, the Regional Coordinating Councils (RCC), and the metropolitan, municipal district assemblies (MMDAs) were to reactivate the construction phase of all stalled projects under their respective areas of jurisdiction.

He said the Fund was determined to complete a chunk of the uncompleted but stalled projects in its projects portfolio to enhance the administration of educational institutions thereby improving quality education delivery, adding that ‘’The awarding institutions include the EG, FPMU, RCC, MMDAs, and the universities via GTEC’’.

The projects are administration/library blocks, assembly halls, auditoriums, classroom blocks, dining halls, dormitory/hostels, E-Block, Kindergarten blocks, lecture halls, model schools, sanitary facilities, staff accommodations, and other projects.

The total number of projects earmarked for completion have the breakdown as follows; 1,835 are at the basic level, 65 E-Block, nine model SHS, 1347 SHS, 347 tertiaries, and three of the TVET category.

The Ashanti Region has the highest number of 638 projects followed by the Central Region with 495, while 458 of them will be completed in the Eastern Region.

The Greater Accra and the Volta regions will welcome 312 and 286 newly completed projects respectively, while the Bono Region will be a beneficiary of 232 projects and the Upper East and Western regions will receive 198 and 197 newly completed projects respectively.

The Upper West and Northern regions will have 166 and 161 new projects respectively completed by the end of the year, while Bono East, Oti and Western North, and Ahafo regions will each receive 103, 100, 93, and 76 new projects respectively.

The North East and the Savanna regions will complete the list with 56 and 35 newly completed projects respectively.

 

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