Government to borrow $1.5 bn to expand SHS, tertiary institutions - Dep Education Minister

Government to borrow $1.5 bn to expand SHS, tertiary institutions – Dep Education Minister

As part of the efforts to ensure more students are enrolled in both secondary and tertiary institutions across the country, Deputy Education Minister, Dr. Yaw Osei Aduwtwum has indicated that GETFund would be funded with $1.5 billion to expand its projected plans that aim at solving infrastructural deficit to both the Senior High School and tertiary Institutions.

“Getfund is taking some of the revenue that they projected that they would be receiving from ten year plans for now and they are borrowing against it. Five hundred million would go into Senior High School contribution and all buildings at 70 percent completion level will be completed” he said.

He added that in order to expand space in the tertiary institutions, additional $500million would be allocated to the tertiary institutions to ensure that abandoned projects are completed.

“It will take 500 million to help universities complete all abandoned structures that GETFund had begun so that we can expand space in our universities and other tertiary institutions” he added

President Nana Addo Dankwa Akufo-Addo earlier announced that the 2018/2019 academic year for Senior High School is expected to see double enrollment in the country due to the introduction of Free SHS policy.

The implementation of this double track will see over 90,000 students enrol in various Senior High Schools in the country.

In order to ensure these polices are well implemented and to prevent infrastructural challenges, the Education Ministry has indicated that an amount of $1.5 million would be allocated to GETFund to fix infrastructural challenges in both Senior High schools and Tertiary Institution for expansion.

Source:www.ghanaweb.com

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