+233 (0)243015248 info@tnpnewsonline.com
Thursday, October 21, 2021
FeaturedGeneral News

GETFund Doesn’t Pay Contractors Through Third Parties


The Ghana Education Trust Fund (GETFund) has warned contractors not to succumb to middlemen or agents when they are chasing for their payments.

According to the GETFund, contractors should not go through anybody in processing documents for payments but deal directly with the Office of the Administrator.

All that contractors need to do is to submit their certificates at the GETFund offices for verification and payments would be done.

Again, GETFund is on the lookout for middlemen or agents that would be fronting for contractors for payment to report them to the appropriate law agencies, as it only deals with contractors.

Plans are afoot to pay contractors within two to six weeks, starting from next year.

The contractors must submit their certificates after completion of work and processing for payments would commence.

GETFund is asking Parliament to approve $1.5billion for educational infrastructure development.

Debts owed contractors alone are likely to eat deep into the said amount such that there would not be much left for completion of existing projects and the commencement of new ones.

It is therefore not correct and right for anyone to suggest that the money that is being requested was on the high side.

Deputy Minority Leader in Parliament, James Klutse Avedzi, is of the view that the $1.5billion was on the high side and suggested that $500million should be sufficient, so that it would be able to be seen that GETFund could manage that money.

But the truth of the matter is GETFund owes lots of contractors moneys which must be paid in earnest.

The Association of Conscientious Public Sector Contractors in July, this year, claimed that it had not been paid for work done in schools over the years.

By the current arrangements by management and Board of GETFund, all debts would be cleared, uncompleted projects completed and new projects embarked on.

With that agenda, $500million cannot even pay old debts that were accrued over the years and it would also be impossible to complete uncompleted projects.

Hitherto, the GETFund had been a gold mine for some contractors, where they were collecting huge monies for no work done or for shoddy work.

The Administrator, Mr. Richard Boadu and the Chairman of Board of Directors of GETFund, Professor Dominic K. Fobih, have in a short time turned things around to the admiration of contractors, who are the major stakeholders of the fund.

Numerous attempts to throw mud at the handlers of the GETFund have failed because contractors appreciate the new direction that the strategic state agency is going.

The infrastructural development in the educational sector is not in the best of shapes, although there have been several moves to address the situation.

The deficit is what is guiding the current handlers of the GETFund to move with jet-speed to work at reducing it, as Ghana’s educational needs continue to grow.


Source: tnpnewsonline.com (TNP NEWS)/ Samuel Appah-Peniel

Leave a Response

This site uses Akismet to reduce spam. Learn how your comment data is processed.