Tema East NPP Chairman Applauds Bawumia
Nene Ofoe Teye-chu
Agbadiagba IV, is praising Vice President Mahamudu Bawumia’s proposed usage of
an advanced credit system to boost the funding of educational infrastructure.
According to the Tema
East NPP Chairman, the proposal will help end the current situation where
contractors who have worked on educational infrastructure for government but have
their monies unpaid to them for years.
“It is a proposal
that I fully endorse because people have suffered very much as government
contractors,” Nene Agbadiagba IV said.
According to him,
“this arrangement will unburden government, bring in private sector money and
most importantly ensure that contractors are paid on time.”
The policy Nene
Ofoe Teye says he is cool with is what Vice President Bawumia is calling an
enhanced credit system.
Under it, the
government will leverage private sector capital to fund educational
infrastructure expansion, taking burden off the Ghana Education Trust Fund
(GETFund).
The private sector will be encouraged to build infrastructure
(such as dormitories, classrooms, etc.) which government will rent over a
period of years and own it after a period of time. Government will also lease
buses for schools.
Recently, the Vice President explained the policy thus; “This
new mode of financing will avoid huge initial government outlays through the
GETFUND and delays in the completion of infrastructure projects in our senior
high schools.”
According to the NPP Chairman, who is also a manager at GPHA,
this policy proposal will reduce the educational infrastructure deficit,
improve maintenance, enhance the quality of education and at the same time
improve the management of Government expenditure.
“As contractors
will be paid on time, there will be a knock-on effect for the local economies
and the local labour that contractors rely on to execute contracts,” Nene told
female reporters at the Green Cool Corner in Tema.
“I have been in politics for many years and I can tell you that
at the end of the day, it’s not about having your party in power, but having a
government that proposes innovative ways of doing things that makes life easier
for everyone; this is what truly counts.” Nene Ofoe Teye-chu
Agbadiagba IV said.
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