Economic Policy Nana Addo's free SHS will cost GH¢400m - Finance Minister reveals

The Free SHS policy was a key campaign promise of the New Patriotic Party ahead of the 2016 elections.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Finance Minister Ken Ofori-Atta has revealed that the government’s free Senior High School policy is estimated to cost GH¢400 million yearly.

He said the Annual Budget Funding Amount (ABFA) will be used to fund the free SHS policy and will not rely on the Heritage fund as said by the Senior Minister Yaw Osafo Marfo.

"Mr Speaker, adequate provisions have been made for the funding of this monumental social intervention programme, which is said to begin in September 2017 from the Annual Budget Funding Amount (ABFA) and other domestic revenue sources.

READ MORE: Gov't won't touch Heritage Fund for free SHS - Finance Minister

 

"To overcome this challenge, Government will also redefine basic education to include secondary education, covering technical, vocational and agricultural education," he said.

However, Head of Economics at IMANI, Patrick Stephenson said the free Senior High School policy is will cost $600 million yearly.

According to him, the "total proceeds that we have sitting in the Petroleum Fund now – some rough computation suggest we have a little over $300 million. How much do we need to invest in free education annually? Rough computations suggest something in excess of $600million if we have to do it right and do it well."

READ MORE: Nana Addo must stay away from the Heritage Fund - ACEP

The Free SHS policy was a key campaign promise of the New Patriotic Party ahead of the 2016 elections.

According to Nana Addo, "By Free SHS, we mean that, in addition to tuition which is already free, there will be no admission fees, no library fees, no science centre fees, no computer lab fees, no examination fees, no utility fees; there will be free textbooks, free boarding and free meals, and day students will get a meal at school for free."

Minister of Finance Ken Ofori-Atta play

Minister of Finance Ken Ofori-Atta

 

READ ALSO: Nana Addo's free SHS will cost $600m yearly - IMANI

"Free SHS will also cover agricultural, vocational and technical institutions at the high school level," Nana Addo said.

The policy is set to begin in September 2017 and is estimated to cost GH¢3.6 billion yearly.

About 1.6 million eligible students between the ages of 15-17 years across the country are expected to benefit from the policy when it begins in September this year.

READ MORE: NDC set solid foundation for free SHS - Okudzeto Ablakwa

Many have since kicked against the move, saying it will not be feasible. A retired Ghanaian diplomat, K.B Asante said the implementation will not be sustainable especially with the financial situation of the country.

 

Recommended Articles

Recommended Videos





Top Articles

1 National Science and Maths Quiz Here are the schools that have qualified...bullet
2 Good News? Supreme Court cancels law school entrance exams & interviewsbullet
3 Shocker Jachie Pramso SHS thump POJOSS in National Science and Maths...bullet
4 #NSMQ PRESEC topples Accra Academy in a dramatic contestbullet
5 Social Media Reactions Some of the best jokes regarding NSMQ so farbullet
6 #NSMQ2017 Adisadel College sails through to semis in National...bullet
7 #NSMQ2017 Prempeh College blow GSTS and Aduman SHS away with...bullet
8 2017 NSMQ Competition Porters, Aburi Girls and Ghana...bullet
9 Free Education Abraham Attah to be named Free SHS...bullet
10 Abraham Attah Young actor unveiled as Free SHS ambassadorbullet

Top Videos

1 Outrageous Brawl Female teachers exchange blows over male counterpartbullet
2 Watch Best WASSCE graduate denied admission to study Medicine at KNUSTbullet
3 Free SHS Mahama inaugurates Agona Abodom Community SHSbullet
4 Invasion Surveying and Mapping students fight land guardsbullet
5 Election 2016 AUCC student launches “vote right vote peace” campaignbullet

Campus