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Former Finance Minister Seth Terkper has called for a re-evaluation of the government’s approach to funding Ghana’s free senior high school (SHS) programme, suggesting that the model used in Europe and the United States could provide valuable insights.
Speaking on TV3 on December 13, Terkper advocated for limiting free SHS to day students, as seen in countries like the US and Europe. He highlighted that in these regions, boarding schools are predominantly attended by affluent families or exceptionally talented students with scholarships.
Terkper emphasized, “Why don’t we follow their examples? What makes us think we should support free SHS unfettered, where the government bears every cost?” He noted the substantial financial burden, referencing the use of GHS 2.2 billion in bonds to support the programme as early as 2018.
Since its inception under the Akufo-Addo administration in 2017, the free SHS programme has reportedly cost GHS 9.9 billion. Terkper raised concerns about the government’s ability to sustain this expenditure, particularly as opposition candidate John Dramani Mahama has promised to implement significant tax cuts if elected.
Joe Jackson, CEO of Dalex Finance, echoed these concerns during the same discussion. He questioned how the Mahama administration plans to balance the economy while abolishing key taxes such as the e-levy, betting tax, COVID levy, and import duties on vehicles and equipment.
Jackson stated, “Where is the money going to come from?” He stressed the economic challenges awaiting the next administration, emphasizing the importance of prudent fiscal management.
Both speakers underscored the need for thoughtful leadership to address Ghana’s economic challenges, with Jackson remarking, “Somebody has to step up and fix the country.”
