The Ghana Education Trust Fund (GETFund) was established by an Act of Parliament in 2000 (Act 581) with the object of providing finance to supplement the provision of Education at all levels by Government. It is, perhaps, instructive to indicate, briefly, the background and circumstances in which the concept of the Fund was conceived and subsequently evolved into an Act of Parliament. These includ
e:
Scaling up in enrolments at almost all cycles of the educational system;
Escalating demands on Educational resources by users at all levels;
Declining public sector spending on Education mainly on account of sluggish growth in the broader economy;
Over-crowded and decrepit Educational infrastructure, including obsolete textbooks and equipment; and,
Recurrent tensions between USERS and EDUCATION SERVICE providers, arising from persistent mismatch between sectoral resources on one hand, and escalating costs of providing services and facilities on the other. This is the backdrop against which the Mandate of the Fund has been set and role of the Board of Trustees designed, all expressly intended to ease these constraints whilst fostering greater access to quality Education and sustainable Human Capital development.
