Ensuring timely, early completion of educational institution projects: GETFund, Sky Brokers sign pre-financing support
The Ghana Education Trust Fund (GETFund) has signed a Memorandum of Understanding (MoU) with Sky Brokers, a local logistics company, to offer pre-financing support to contractors and suppliers engaged in GETFund-funded projects.
This partnership aims to accelerate project delivery and enhance the efficiency of education infrastructure development across the country in line with the vision of President John Dramani Mahama.
Tailored solution
The MoU establishes a collaborative framework where Sky Brokers and its Chinese partner, Jiangsu Yisong Construction Engineering Co Ltd, will provide tailored and flexible pre-financing solutions to contractors and suppliers executing GETFund-approved projects.
The initiative is designed to bridge funding gaps, reduce project delays and ensure the timely completion of critical educational infrastructure.
The MoU is expected to significantly reduce project lead times, strengthen local contractor participation, and enhance transparency and accountability within the funding and implementation process.
In a brief comment after the signing ceremony, the Administrator of GETFund, Paul Adjei, emphasised the significance of the partnership.
"One of the key challenges affecting timely project execution is access to upfront capital. This partnership with Sky Partners addresses that gap directly.”
“It aligns with our commitment to deliver on our mandate effectively, ensuring that schools and educational facilities are delivered on time and at the highest quality standards," Mr Adjei explained.
Collaboration
For his part, the Managing Director of Sky Brokers, Mesuna Deliman Osman said his company was proud to collaborate with GETFund on the transformative initiative.
“Our financing solutions are tailored to support local contractors and suppliers, boosting their capacity to deliver.”
“This MoU represents not just a financial partnership, but a shared vision to improve educational outcomes in Ghana,” he affirmed.
GETFund and Sky Brokers are committed to ensuring that this partnership yields tangible improvements in the educational infrastructure landscape in Ghana, supporting the government’s broader goals for equitable and quality education delivery.
