Achimota School Gets GH¢18.7M Dormitory Boost from Old Student – A Win for Education Financing

In a powerful display of alumni giving back, the Ghana Education Trust Fund (GETFund) has broken ground on a new GH¢18.7 million boys' dormitory at Achimota School. The 250-bed facility, fully funded by Saka Homes, marks a major milestone under GETFund's Education Financing and Partnership Initiative (EFPI). This is not just a building; it is a blueprint for how private capital can transform public education in Ghana.

How a Private Company Stepped Up to Fund Education Infrastructure

Saka Homes, owned by old student Ebenezer Kwadwo Saka Addo-Mensah, becomes the first company to fully finance a project under the EFPI. The two-storey dormitory with a courtyard will ease accommodation pressure at the historic school, which has produced generations of leaders. GETFund Administrator Paul Adjei, who cut the sod on August 6, 2026, called the project a reflection of shared commitment to preserving excellence. “It's more than a new building,” he said. “It's about creating an environment where future students can learn, grow, and reach their full potential.”

What the GETFund Tax Credit Scheme Means for Investors

Under the GETFund tax credit scheme, companies and individuals who invest in educational infrastructure can choose project locations and brand completed facilities. They also qualify for tax-deductible expenses through the Ghana Revenue Authority (GRA). This makes it a win-win: businesses get tax relief while helping solve Ghana's school infrastructure gap. Minister of Education Haruna Iddrisu used the occasion to call on President Mahama to prioritize funding for basic education, stressing that strong foundations drive national development.

Alumni Giving Back: A Model for Diaspora Engagement

Ebenezer Saka Addo-Mensah, Managing Director of Saka Homes, expressed gratitude to GETFund for facilitating the project. “I hope this encourages other people to help in educational projects,” he said. He urged students to aspire to give back in the future. Headmaster Ebenezer Graham Aquaah described the day as one of gratitude and hope, noting that the dormitory will be a home where future national leaders will live, dream, and study. For the diaspora, this is a powerful example of how investing in Ghana's schools can create lasting impact while building a legacy.

Why This Matters for Ghana's Business and Innovation Future

Quality education depends on safe, modern facilities. GETFund's EFPI is a smart, market-driven approach to infrastructure development. By leveraging private capital, Ghana can accelerate school upgrades without straining public budgets. This project aligns with President Mahama's vision of ensuring every learner has access to infrastructure that supports academic excellence and character formation. For businesses and diaspora investors, the message is clear: Ghana is open for partnerships that drive growth and innovation.

Frequently Asked Questions

How does the GETFund tax credit scheme work?

Companies and individuals who invest in educational infrastructure can choose project locations and brand completed facilities. They receive tax-deductible expenses through arrangements with the Ghana Revenue Authority.

Who funded the new dormitory at Achimota School?

Saka Homes, owned by old student Ebenezer Kwadwo Saka Addo-Mensah, fully funded the GH¢18.7 million project. It is the first private company to do so under GETFund's EFPI.

What is the capacity of the new dormitory?

The two-storey building will house 250 boys and includes a courtyard. It is designed to ease accommodation pressure at the school.