Finance Minister Ken Ofori-Atta has said the Akufo-Addo government has ample resources to bankroll its Free Senior High School policy without needing to touch the Heritage Fund. “We are financing the Free SHS education without looking at the Heritage Fund. We are not touching the Heritage Fund. I think we have enough resources from our … Read more
A civil society group in the oil sector has welcomed government’s decision not to use the Heritage Fund to finance its proposed free Senior High School programme. An endowment reserve, the Fund, which is 9 per cent of petroleum revenues, was established by the PRMA to support the development of Ghana’s future generations when the … Read more
Vice president of policy think tank IMANI Ghana, Kofi Bentil says government must close down some social intervention programmes and use monies invested in them to finance the free education policy. He said the free education policy is more important than any social intervention programme and if government can mop up some monies it will … Read more
The Senior Minister, Yaw Osafo-Marfo, has said that government and the International Monetary Fund (IMF) have reached an agreement for government to roll out its ‘one district, one factory project’ as part of the review of the Extended Credit Facility (ECF) programme. Speaking to the media in Accra, the Senior Minister said: “IMF has a … Read more
Finance Minister Ken Ofori-Atta has stated that the Akufo-Addo led government will not use the Heritage Fund to bankroll the free Senior High School policy. “We are financing the Free SHS education without looking at the Heritage Fund. We are not touching the Heritage Fund,” Mr. Ofori Atta told journalists Thursday after the Achimota Speak … Read more
Finance Minister, Ken Ofori-Atta, has dismissed proposition by Senior Minister Yaw Osarfo Maafo that government intends to run the Free Senior High School (SHS) policy with the Heritage Fund. Hon. Osafo-Marfo sparked controversy when he hinted that government was considering the Heritage Fund to finance the education policy slated for the 2017/2018 academic year. The … Read more
Finance minister, Ken Ofori Atta has dismissed claims that the Nana Akufo-Addo’s administration has initiated actions to finance its free Senior High School (SHS) policy with petroleum revenues kept in the Heritage Fund. According to the Ken Ofori Atta, government has made budgetary allocation to finance the free SHS policy however, the assertion that the … Read more
Finance Minister, Ken Ofori-Atta, has said the Akufo-Addo government has no intention of touching the Heritage Fund to bankroll the Free Senior High School policy. “We are not going to touch the Heritage Fund to be able to support the free SHS education,” Ofori-Atta told Accra-based Joy FM. Mr Ofori-Atta’s clarification follows a comment by … Read more
African Center for Energy Policy (ACEP) has joined calls for government to rescind the decision to finance its flagship free Senior High School policy with petroleum revenues kept in the Heritage Fund. Head of Policy Unit and Energy Policy Advisor at ACEP, Dr. Ishmael Ackah, asserted that the 70 percent of oil revenues being allocated … Read more
Finance Minister Ken Ofori Atta has stated that government will not finance the Free Senior High School (SHS) promise it made with the Heritage Fund. This, is in sharp contrast with earlier assertions made by the Senior Minister; Yaw Osafo-Maafo that government will finance the Free SHS with the Heritage fund. Soon after Mr. Osafo-Maafo … Read more
Government will soon review the Petroleum Act to make it possible for it to use the Heritage Fund for key developmental projects, Senior Minister, Yaw OsafoMaafo has announced. According to the Senior Minister, the move is better than having the Fund sit ideal while critical areas of the economy lack the needed support to make … Read more
A Member of Parliament for Bibiani-Anhweaso-Bekwai, Kingsley Aboagye-Gyedu has described as premature criticisms about government’s decision to reserved oil revenue known as Heritage Fund to finance its free Senior High School (SHS) policy. In his view, the Akufo-Addo led government should be given the opportunity to explain how it intends to utilise the funds before … Read more
Financial discipline on the part of the Akufo-Addo-led government will sustain the Free Senior High School programme, Michael Nsowah, a former Director-General of the Ghana Education Service, has said. According to him, prudent management of state resources will ensure that more revenue is raked in to implement government programmes without seeking external support. His comments … Read more
Edappadi Palanisamy, an ally of jailed and disgraced Indian politician VK Sasikala has been sworn in as the next chief minister of Tamil Nadu state, ending a week-long tussle over succession marked by bitter infighting. Wearing a crisp white shirt, Palanisamy took the oath of office along with 31 cabinet colleagues in the state capital … Read more
A New Patriotic Party (NPP) MP on Parliament’s Finance Committee says government has not taken any definite decision to use the Heritage Fund to finance the free senior high school (SHS) policy. Kwaku Kwarteng said government’s ways of funding its flagship programme would be communicated to Ghanaians in its 2017 budget statement scheduled to be … Read more
The minority in parliament has said it will fiercely resist any attempt by government to finance its free SHS policy with the Heritage fund. According to the minority, the decision by the Akufo-Addo-led government to resort to the Heritage fund for the education policy exposes its lack of resource ideas. Section 10 of the Petroleum … Read more
The minority members in parliament say they will resist any attempt by the government to amend the Petroleum Revenue Management Act (PRMA) to enable it use proceeds from the Heritage Fund to finance its proposed free Senior High School programme. An endowment reserve, the Fund, which is 9 per cent of petroleum revenues, was established … Read more
Some political parties have kicked against Senior Minister Osafo-Maafo’s suggestion for government to consider using the Heritage Fund for the implementation of the free SHS policy this year. The fund has so far accrued almost $300 million, and some civil society groups have projected it will cost government an estimated 3.5 billion Ghana cedis annually … Read more
The Managing Editor of the Insight Newspaper, Kwesi Pratt Jnr has described as a ‘sensible idea’ proposals to use percentages of the Heritage Fund to fund the free Senior High School (SHS) concept. According to him, he has always been against the idea of reserving some monies for future generation when the monies could have … Read more
Vetting of Regional ministers ends today as three Regional Ministers-designate appears before Parliament’s Appointments Committee. Currently, Kwaku Asoma-Cheremeh, Brong Ahafo Regional Minister-designate is being grilled by members of the committee. He will be followed by Kwamena Duncan and Salifu Sa-eed of the Central and Northern regions respectively. The process begun on Friday, 20th January, 2017 … Read more