The Ghana Education Trust (GET) Fund has recently experienced significant financial losses, according to former president John Dramani Mahama.
The GETFund will benefit students and institutions in need of financial support at both private and public schools in the future, according to him, thanks to the collaboration of stakeholders.
In a lecture he gave over the weekend at Academic City University College, the flagbearer of the National Democratic Congress (NDC) made these points.
“Globally, economists and governance experts have long acknowledged that development does not start with goods; it starts with the development of human capital,” he said in his address to the graduating class. Therefore, without education—especially excellent education—our natural resources—including our land, sea, minerals, forests, etc.—will remain untapped. The environmental and socioeconomic repercussions will be disastrous for the advancement of our country, even if they are exploited.
“Education must be of the highest quality for it to fulfill its mission of producing knowledgeable and talented human resources who can meet the needs of societies. Focusing only on increasing accessibility without also improving the quality of education will not produce the skilled labor force that society requires.
Poor education also tends to expand the wealth divide in our country since it levels the playing field.
He continued, “The Social Democratic tradition of my party, the NDC, has prioritized investment in education over the years to ensure quality education at all levels and address inequities. The NDC created the Ghana Education Trust Fund (GETFund) as a financial supplement to the conventional means of funding education as a result of this quality-indexed spirit.
“Unfortunately, GETFund has recently experienced significant financial challenges. We can collaborate in the future to make the GETFund useful for students and organizations in both private and public schools that want financial support.
Let’s not forget that the digital revolution, which is what makes the 21st Century so successful, is driven by creativity and invention. Our educational system needs to change in order to provide the future generation with the critical thinking abilities, creativity, and innovation needed to prosper in this period.
“For this reason, the National Democratic Congress is looking for a private sector partner to invest three billion dollars (US$3 billion) in an integrated ICT infrastructure, encompassing onshore and offshore fiber super-highways and electronic applications. This partnership would help us construct the Ghana we want.
The investment will support other national goals in the health, education, agriculture, petroleum, and power sectors while using 5G technology to further communication, commerce, civil freedoms, and individual expression.
This project will also modernize industry, outmoded legacy platforms and IT systems, improve network security, and create thousands of excellent and long-lasting jobs throughout the value chain. It will also increase the quality of service delivery to Ghanaians.
