The Ghana Education Trust Fund (GETFund) has revealed it is broke and cannot readily pay the fees of Ghanaian students studying abroad.
This was according to Public Relations Officer of the GETFUND, Stephen Baffoe, who told Citi News that despite an amount of GHC3million wired to some of the students on Government scholarship, the fund was unable to send any more money because it had no more.
‘We rely on the Ministry of Finance for our money so until the Ministry has paid what is due us, we are unable to send any money and this is regrettable,’ he stated.
Mr. Baffoe however stated, “This doesn’t mean the management of the GETFUND is not working on the issue. We are having high level consultations with the Ministry of Finance and other organisations. We are committed to our sponsorship of these students and are concerned about the conditions in which they find themselves but unfortunately, we are disabled at this point in time to send them money because we do not have it,” he added.
He also added, “We need in excess of GHC10 million to be able to pay the rest of the students
Earlier, Stephen Baffoe told Citi News his outfit had sent GHC3million to bail out the stranded students but one of them, Hakeem Tahiru, told Citi News they have been surviving on the benevolence of other students.
‘Those who were sponsored by the Ministry of Energy and other organisations do not face these problems and so because they are with us, they have been very good to us by giving us part payment of our accommodation fees and for survival and that is what has brought down the pressure but we still receive reminders from our landlords,’ he stated.