The need to provide quality education remains fundamental to Governments the world over. Ghana in a quest to guarantee a flow of funds to finance education established the Ghana Education Trust Fund (GETFund) through the Ghana Education Trust Fund Act 2000, (Act 581). The fund provides a structure to raise revenue to meet various educational expenditure. In 2020, the Government of Ghana established a Special Purpose Vehicle (SPV), Daakye Trust PLC, to facilitate the issuance of bonds to finance the educational need of the country. The SPV is set out to issue bond worth GHS 5.5 billion. The bonds issued are to be listed on the Ghana Fixed Income Market. Based on the above, prepare a brief paper that discusses the Daakye PLC and its implication on GETFund.
The need to provide quality education remains fundamental to Governments the world over. Ghana in a quest to guarantee a flow of funds to finance education established the Ghana Education Trust Fund (GETFund) through the Ghana Education Trust Fund Act 2000, (Act 581). The fund provides a structure to raise revenue to meet various educational expenditure.
In 2020, the Government of Ghana established a Special Purpose Vehicle (SPV), Daakye Trust PLC, to facilitate the issuance of bonds to finance the educational need of the country. The SPV is set out to issue bond worth GHS 5.5 billion. The bonds issued are to be listed on the Ghana Fixed Income Market.
Based on the above, prepare a brief paper that discusses the Daakye PLC and its implication on GETFund.
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