SETH TERKPER BLAST GOV’T FOR USING OIL MONEY TO FUND FREE SHS POLICY

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Former Finance Minister under the erstwhile Mahama administration, Seth Terkper has chided the Akufo-Addo led government for using oil money to fund the Free Senior High School (SHS) programme.

Looking out for response in the Finance Minister’s annual Mid-Year budget review to parliament Thursday, July 23, 2020. Mr Terkper said, “We hope that they give us the full cost of Free SHS because we know they are using oil money, and we know they use the sovereign bond, Annual Budget Funding Account (ABFA) part of it to finance Free SHS. I don’t think they’ve told us that they are going to borrow for Free SHS. They said they will use their revenue so if they are borrowing as much as 2 billion for Free SHS, then they should tell the nation so that we know whether going forward, we are to borrow 2 billion every year for Free SHS,” he told GhanaWeb’s Ernestina Serwaa, Asante, in an exclusive interview.

He reiterated that he hopes the Finance Minister gives “full account of the oil money and the loan that they have received for Free SHS”.

He said “We are investing revenues from oil in one of the most ambitious social programmes in our country’s history – i.e. the Free Senior High School policy. In the 2018 budget, GH¢455.9million of petroleum revenues was allocated to the Free SHS programme”.

Background

President Nana Addo Dankwa Akufo-Addo launched Government’s Free Senior High School Policy, making good his resolve to ensure accessible, equitable, quality and life-changing education for every Ghanaian child.

The Free Senior High School program is a flagship intervention by the Government to widen the gates of opportunities to every child, especially those whose talents are arrested because of poverty.

Under the Policy, all cost barriers to education have been absorbed by the Government. It would improve the quality of education, address equity issues associated with education in the country and, importantly, ensure that every child acquires employable skills by the time they leave school.

SOURCE. KINGDOMFMONLINE.COM

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