GHANA EDUCATION TRUST FUND ACT, 2000

(1) There is established by this Act the Ghana Education Trust Fund. (2) The Fund is a body corporate with perpetual succession and a common seal and may sue and be sued in its corporate name.2(2) (3) The Fund may enter into a contract, acquire, purchase and hold movable or immovable property, and convey, assign or transfer a movable or immovable property or equivalent in a property vested in the Fund.

(1) The object of the Fund is to provide finance to supplement the provision of education at all levels by the Government. (2 ) For the purposes of attaining this object, the moneys in the Fund are to be used (a) to provide financial support to the agencies and institutions under the Ministry of Education, through the Ministry, for the development and maintenance of essential academic facilities and infrastructure in public educational institutions particularly, in tertiary institutions; (b) to provide supplementary funding to the Scholarship Secretariat for the grant of scholarships to gifted but needy students for studies in second-cycle and accredited tertiary institutions in the country; (c) to contribute moneys towards the operation of student loan schemes for students in accredited tertiary institutions through loan scheme mechanisms and agencies, approved by the Minister; (d) to provide, through the National Council on Tertiary Education, grants to tertiary institutions, (i) to train brilliant students as members of faculties, (ii) to undertake research and any other academic programmes of relevance to national development; and (e) to provide moneys to support any other educational activities and programmes for the promotion of education determined by the Minister in consultation with the Board.