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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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IFS cautions gov’t over sustainability of free SHS policy

bycitibusinessnews
March 13, 2017
in Banking And Finance, Government, Local Economy, Top Stories
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The Institute for Fiscal Studies (IFS) has warned of a potential dip in the quality of education if government fails to identify pragmatic funding sources to sustain its free SHS policy.

The Institute says the fundamentals for achieving the objectives require robust and sustainable funds which need to be considered critically.

In a post analysis of the budget statement, the Executive Director for the IFS, Professor Newman Kusi further cautioned that the development may lead to undesirable circumstances that had characterized previous policies.

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“If the enrolment numbers increase or double, are we assuming that there are available classrooms to accommodate the children so that we can get quality education. Are we saying that there are enough teaching and learning materials as well as teachers so that we do not continue with the schools under trees phenomenon?” he quizzed.

“What we must understand is that we have to grant access to children in school…in as much as we are talking about access to education, we must also look at the quality of education,” Prof. Kusi added.

The NPP government has announced an ambitious plan to increase access to education at the Senior High School level with the free SHS policy.

The programme is expected to commence in the 2017/2018 academic year (September2017).

The government has since projected about 400 million cedis for the program.

Analysts believe the plan will increase enrollment by at least seventy percent.

Critiquing the budget, the Executive Director of the IFS, Professor Newman Kusi stressed the need to get other essentials adequately catered for in the free education policy.

Meanwhile the IFS has predicted of increased public debt burden if government continues the current fiscal regime which lends itself to high debts.

The caution follows a fiscal deficit target of 6.5 percent of GDP representing 13.2 billion cedis.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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