• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, January 15, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Gov’t allocates GHS7.62 billion to Free SHS Programme from 2017-2021

M.Cby M.C
July 30, 2021
Reading Time: 3 mins read
consumer spending

Ken Ofori-Atta, Minister of Finance

The government has allocated a total amount of GHS7.62 billion to implement the free SHS Programme since its inception in 2017 to present.

According to the Minister of Finance, Ken Ofori-Atta, the primary sources of funding for the free SHS Programme over the five years period has been from the Annual Budget Funding Amount (ABFA) and other Government of Ghana (GoG) funding sources.

Out of this amount, GHS4.18 billion was sourced from GoG, representing 54.76 per cent, while the remainder of GHS3.44 billion, representing 45.24 per cent was sourced from ABFA.

RelatedPosts

Ghana’s Economy Faces External Headwinds as World Bank Flags Downside Risks to Global Growth in 2026

Ghana’s Economy Shows Steady Recovery with 3.8% Expansion in October, GSS Reports

Labour Minister Guarantees of Job Opportunities and Improvements in 2026

Specifically, the Annual Budget Funding Amount was set up by the government to channel allocations from petroleum revenue in support of government budgets.

In examining the use of petroleum revenue in the country, the Petroleum Revenue Management Act (PRMA) ACT 815 states that after the Ghana National Petroleum Commission (GNPC) receives its portion of oil profit, 70 per cent of the remaining profit must be lodged in the ABFA.

The law also stipulates that 70 per cent of the ABFA must be invested in infrastructure projects with the remaining 30 per cent to be allocated to priority areas, including education.

ADVERTISEMENT

To ensure that no child is left behind in access to education, the free SHS Policy was introduced as the government’s flagship programme to provide key requirement such as tuition, meals for both boarders and day-students, textbooks, library fee, boarding fee, science laboratory fee, examination fee and utility fees.

Governments’ implementation of the free SHS Programme

Particularly, as part of the implementation of the free SHS programme for 2020/2021 academic year, the Minister highlighted that the government procured and distributed 4,135,284 exercise books, 1,767,547 note books, 395,571 P.E. kits, 1,734,800 cartridge art paper for visual Arts Students, 27,391 technical drawing boards and technical instruments and 34,696 water-based acrylic paints for Visual Arts students.

According to the Minister, the total number of SHS students enrolled under the policy over the five year period totaled 1,261,125. For the 2020/2021 academic year, the budget statement reported that 423,320 first year students were enrolled.

“Mr. Speaker, five years after the implementation of the Free SHS, 411 students, constituting 88 percent out of the 465 candidates who scored grade A in all subjects at the 2020 WASSCE, were beneficiaries of the Free SHS.”

Mr. Ken Ofor1-Atta, Minister of Finance

Furthermore, he indicated that the Ministry has commenced the construction of 1,135 infrastructure projects at the secondary level. He further noted that the number students increased each year, hinting that the projects are aimed at creating enough space to accommodate the increasing number of students.

Moreover, the Minister also highlighted that a total of 50 projects made up of classrooms, dormitories, Administration blocks, libraries and canteens have been completed this year. This brings the total number of completed projects under the Senior High School Infrastructure Interventions to 589.

These notwithstanding, the overarching concern about the free SHS Programme revolve around the issue of sustainability. Several considerations have arisen about the possibility that the government may be financing the free SHS Programme from borrowing, a concern the Minister has denied as ever being the case.

READ ALSO: Newly introduced taxes accrue GHS 249.7 million for May and June 2021

Tags: ABFA fundFree SHS ProgrammeGNPCMinistry of FinancePetroleum Revenue Act
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Gov’t targets 3.6 million MT of maize under PFJ in H2 2021

Next Post

Mid-year Budget Statement Hopeless – Ato Forson

Related Posts

c443ffb8 f695 4478 aefc 524f8237ab35
Economy

Ghana’s Economy Faces External Headwinds as World Bank Flags Downside Risks to Global Growth in 2026

January 15, 2026
Economic Momentum Builds as Ghana’s Growth Rises to 3.8% in October, GSS Reports
Economy

Ghana’s Economy Shows Steady Recovery with 3.8% Expansion in October, GSS Reports

January 14, 2026
Dr. Abdul Rashid Hassan Pelpuo - Minister for Labour, Jobs, and Employment
Economy

Labour Minister Guarantees of Job Opportunities and Improvements in 2026

January 13, 2026
IMF Watches Closely as Ghana Prepares Landmark GH¢10bn Infrastructure Bond
Economy

IMF Watches Closely as Ghana Prepares Landmark GH¢10bn Infrastructure Bond

January 13, 2026
75120880
Economy

Ghana to Improve Its Position in the Global Investment Risk and Resilience Index in 2026

January 13, 2026
President John Dramani Mahama
Economy

Ghana Forms Strategic Partnerships to Foster Growth Amid Global Shifts

January 13, 2026
Member of Parliament for Tamale South and Minister for Education, Hon. Haruna Iddrisu
General News

No Confusion: Sex is Biological in Ghanaian Schools – Education Minister Insists

by Evans Junior OwuJanuary 15, 2026
Europe

Russia Expels British Diplomat Over Spying Claims

by Comfort AmpomaaJanuary 15, 2026
NAIMOS Officers
Extractives/Energy

NAIMOS Hunts Illegal Miners along River Ankobrah, Apprehends 7 Operators

by Bless Banir YarayeJanuary 15, 2026
Conservative Party leader Kemi Badenoch.
UK

Badenoch Sacks Robert Jenrick Over Defection Plans

by Comfort AmpomaaJanuary 15, 2026
Ghana's Ambassador to the United States of America, Victor Emmanuel Smith
General News

US Immigrant Visa Pause Does Not Affect B1 B2 Travel – Ambassador Victor Smith

by Evans Junior OwuJanuary 15, 2026
Economy

Ghana’s Economy Faces External Headwinds as World Bank Flags Downside Risks to Global Growth in 2026

by M.CJanuary 15, 2026
Member of Parliament for Tamale South and Minister for Education, Hon. Haruna Iddrisu
NAIMOS Officers
Conservative Party leader Kemi Badenoch.
Ghana's Ambassador to the United States of America, Victor Emmanuel Smith

Recent News

Member of Parliament for Tamale South and Minister for Education, Hon. Haruna Iddrisu

No Confusion: Sex is Biological in Ghanaian Schools – Education Minister Insists

January 15, 2026
download 26

Russia Expels British Diplomat Over Spying Claims

January 15, 2026
NAIMOS Officers

NAIMOS Hunts Illegal Miners along River Ankobrah, Apprehends 7 Operators

January 15, 2026
Conservative Party leader Kemi Badenoch.

Badenoch Sacks Robert Jenrick Over Defection Plans

January 15, 2026
Ghana's Ambassador to the United States of America, Victor Emmanuel Smith

US Immigrant Visa Pause Does Not Affect B1 B2 Travel – Ambassador Victor Smith

January 15, 2026
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address