Vice chairman of the Public Interest And Accountability Committee (PIAC) Kwame Jantuah says a proposal by government to finance its free education policy with the heritage fund is preposterous. He said the fund was set up to support the country when its oil reserves are depleted, hence using it for anything apart from what the … Read more
The Civil Society Platform on Oil and Gas (CSPOG), has raised issues with government’s intention to finance the free senior high school education policy with proceeds from the Heritage Fund. The Senior Minister, Mr Yaw Osafo-Maafo on Tuesday gave hints that this year’s budget would explain how government intends to go about the free SHS … Read more
An ally of disgraced Indian politician VK Sasikala was Thursday appointed the next leader of Tamil Nadu state, ending a weeks-long succession war marked by bitter in-fighting and plot twists. Edappadi Palanisamy took the reins of the ruling party after Sasikala, who was on the verge of becoming chief minister of the southern state, was … Read more
The decision by Nana Akufo-Addo’s administration to finance its flagship free Senior High School policy with petroleum revenues has stirred controversy about the usefulness of the Ghana Heritage Fund (GHF), originally meant for future generations when the oil resources run out. Proponents of the amendment of the Petroleum Revenue Management Act (Act 815), such as … Read more
The Chairman of the Public Interest Accountability Committee (PIAC), Joseph Winful, has expressed doubts about the capacity of the Heritage Fund in its present stage, to meet the needs of the Free Senior High School policy. Speaking on Eyewitness News, Mr. Winful indicated that, the fund had less than $300 million, while some analysts say … Read more
The Chairman of the Public Interest Accountability Committee (PIAC), Joseph Winful, has expressed doubts about the capacity of the Heritage Fund in its present stage, to meet the needs of the Free Senior High School policy. Speaking on Eyewitness News, Mr. Winful indicated that, the fund had less than $300 million, while some analysts say the … Read more
The plan of the Akufo-Addo-led government to use the Heritage Fund to finance the Free Senior High School programme is apt, Dr Mark Assibey-Yeboah, Chairman of the Finance Committee of Parliament, has said. His comment follows criticisms levelled against the government for deciding to fund the programme with monies that have been set aside for … Read more
The plan by the Akufo-Addo-led government to use the Heritage Fund to finance the Free Senior High School programme is “shocking” and “untenable”, Fiifi Kwetey, a former Minister of Transport, has said. According to him, the governing New Patriotic Party (NPP), when it was in opposition, made it known that it would fiercely resist any … Read more
This week, Ghanaians have been discussing an announcement by the government that free Senior High school education will begin in September of 2017. The debate has largely been whether it should be free for all or that government must employ “targeting”, meaning only those who can’t genuinely pay for secondary education must be sponsored. “By … Read more
Return on investment of Ghana’s Heritage Fund recorded a decline in the second half of 2016 as compared to the first half of the same year. A report released by the Bank of Ghana on the performance and activities of the Petroleum Holding Fund (PHF) and the Ghana Petroleum Funds (GPFs) for the Second half … Read more
The debate over the funding for the free senior high school has not seized with different views and opinions coming from individuals and organizations. The sustainability and release of funds speedily has become the major topic for discussions. A retired Ghanaian diplomat, KB Asante has argued that the free SHS policy announced to start in … Read more
The Deputy Minority Leader, James Klutse Avedzi believes using the Heritage Fund component in the Petroleum Management Act to fund some policies, only six years after it was set up, could compromise the fund. The New Patriotic Party (NPP) government has hinted of reviewing the Petroleum Management Act to allow for the use of the … Read more
The Deputy Minority Leader, James Klutse Avedzi believes using the Heritage Fund component in the Petroleum Management Act to fund some policies, only six years after it was set up, could compromise the fund. The New Patriotic Party (NPP) government has hinted of reviewing the Petroleum Management Act to allow for the use of the … Read more
A policy analyst at the Integrated Social Development Center (ISODEC), Dr. Steve Manteaw has kicked against government’s move to fund the free Senior High School policy from the Heritage Fund. He argued that it is unwise to spend the Heritage Fund on recurrent expenditure and that “won’t yield the benefits that we want.” The Senior … Read more
A policy analyst at the Integrated Social Development Center (ISODEC), Dr. Steve Manteaw has kicked against government’s move to fund the free Senior High School policy from the Heritage Fund. He argued that it is unwise to spend the Heritage Fund on recurrent expenditure and that “won’t yield the benefits that we want.” The Senior … Read more
The government has conceded that the economic challenges confronting the country are daunting but has given its strongest assurance yet that it will surmount them and propel the nation to economic prosperity. The Senior Minister, Mr Yaw Osafo-Maafo, who gave the assurance, said the government would work assiduously to lay the foundation for economic growth … Read more
The government has said it would review the Petroleum Management Act to allow for the use of the Heritage Fund to finance the free senior high school (SHS) policy scheduled to start in September 2017. The Senior Minister, Mr Yaw Osafo Maafo, who made this known on the side-lines of the Graphic Business-Stanbic Bank Breakfast … Read more
The Public Utility Workers’ Union of Ghana (PUWU) has reiterated its call on the government to renegotiate aspects of the US Millennium Challenge Compact II which oblige government to give out Electricity Company of Ghana (ECG) for a 25-year concession with a private investor. It rejected a recent claim by the United States Ambassador to … Read more
Citi Business News can confirm that Government is considering extending Ghana’s program with the International Monetary Fund(IMF). Minister of Monitoring and Evaluation, Dr. Anthony Akoto Osei who confirmed the move to Citi Business News said Government is seeking to extend the Extended Credit Facility program with the IMF to December 2018. According to him, even … Read more
The vetting of Regional Ministers-designate nominated by President Akufo-Addo is happening now as Ashanti Regional Minister-designate; Simon Osei Mensah is currently being grilled by members of the Appointments Committee following the vetting of Dr. Kwaku Afriyie. Also to face Parliament’s Appointments Committee today after the vetting of Simon Osei Mensah is Eric Kwakye Darfour; Eastern … Read more