ADVERTISEMENT
Nana Addo must stay away from the Heritage Fund - ACEP
Africa Centre for Energy Policy (ACEP) has said the government must stay away from using the Heritage Fund to finance its Free Senior High School
Recommended articles
According to ACEP, "it has been campaigning for the use oil revenue to finance the pro-poor sectors of education and agriculture for four years. Therefore, we cannot, in principle, be against the use of oil revenue to finance education."
In a statement signed by the Deputy Executive Director of ACEP, Benjamin Boakye, he said "In spite of many implementation challenges, the PRMA has been a model for many countries and Ghana can only do better at improving on transparency and accountability around the use of the oil revenues. Much as we support the use of oil revenue for financing education, we want government to recognise the significance of the Heritage Fund and not touch it".
ADVERTISEMENT
READ ALSO:Free SHS will fail - IMANI
Below is the full statement from ACEP:
ACEP therefore states its position on the use of oil revenue to finance the free SHS as follows;
READ MORE: Nana Addo's free SHS not feasible - K.B Asante2. Use the Annual Budget Funding Amount (ABFA)- the credible window for financing the free SHS policy from oil revenues will be through the ABFA. It must however be highlighted that the current architecture of the PRMA allows for only 30% of the ABFA for recurrent expenditure. Given that most of the cost items for the implementation of the Free SHS are recurrent expenditures, government will have to amend the law to be able to spend more that 30% of the ABFA
ADVERTISEMENT
ACEP will want to recommend that;
Signed
Benjamin Boakye
Deputy Executive Director
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
She sent naked photos to Dubai lover while I battled kidney disease - Erico speaks on divorce
How did young politicians get so rich in just 5 to 7 years - Franklin Cudjoe asks
Artificial Intelligence will affect around 40% of the global workforce — IMF
May God open your eyes to see the good in this government - Akufo-Addo prays
Police officer dies after colliding with stationary truck while chasing traffic offender
AG's office chases Alex Mould, Gavivina for GHS5 million bail bond for jailed MASLOC CEO
St Patrick Hospital suspends Muslim staff for taking break to observe Eid festivities
GPRTU proposes 30% increase in transportation fares
