The Ghana Education Trust Fund (GETFund) has strongly denied allegations that it sells foreign scholarships, describing the claims as baseless and unsubstantiated.

In a statement issued on Wednesday, 4 February 2026, GETFund said its attention had been drawn to allegations made by Mr Kofi Ofosu Nkansah, former Chief Executive Officer of the National Entrepreneurship and Innovation Plan (NEIP), during a panel discussion on Sompa FM/TV.

The Fund stressed that its scholarship scheme operates under strict guidelines and is transparent and merit-based.

“We wish to state with emphasis that GETFund scholarships constitute five percent (5%) of its annual allocation. The Fund ensures a very stringent and transparent process for awarding the scholarships to deserving students. All beneficiaries are selected through a merit-based criteria,” the statement said.

GETFund categorically rejected the allegation that scholarships, whether local or foreign, are being sold.

“GETFund refutes any spurious allegations made by Mr Nkansah that scholarships, both local and foreign, are being sold, which he could not substantiate,” it added.

The Fund assured the public, particularly students and stakeholders in the education sector, that its scholarship programmes remain fair and credible.

“GETFund wishes to assure the public, particularly students and stakeholders in the education sector that its scholarship programs remain open, equitable, and designed to empower deserving individuals,” the statement noted.

GETFund assured the public, particularly students and stakeholders in the education sector, that its scholarship programmes remain open, equitable, and designed to empower deserving individuals.

The Fund called on all Ghanaians to refrain from making baseless accusations that could impugn the reputation of vital state institutions.

"We welcome constructive dialogues to address any concerns and assure that all necessary steps will be taken to uphold the integrity of the GETFund scholarship process", it noted.

The GETFUND statement comes after the presidency ordered an immediate investigation into allegations that Ghana’s overseas scholarship system may have been compromised, following claims aired on the radio that an individual was paid to secure a scholarship to study abroad.

The directive, issued on Tuesday and signed by the Secretary to the President, Dr Callistus Mahama, instructs the National Investigation Bureau (NIB) to probe what the Presidency describes as a matter of “grave public concern.”

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“The President considers the allegation to be serious and of grave public concern,” the statement said, noting that the matter directly touches on the government’s stated commitment to “transparency, integrity, and equal access to educational opportunities.”