Newly elected President John Dramani Mahama is concerned about the funding crisis currently affecting Ghana’s education sector from primary schools to tertiary institutions.
Speaking with key stakeholders in the education sector, the President-elect stressed that the entire education system faces severe financial constraints due to the lack of consistent and dedicated funding.
According to Mahama, there is a need for an advisory forum involving all relevant stakeholders to explore solutions to the financing challenges, with the aim of establishing a sustainable financing model that can meet the immediate and long-term needs of the sector.
“At last count, 1.3 million Ghanaian children at primary level lack basic furniture to sit and study. And so we have a crisis at the grassroots level. Even though a lot of money goes to the secondary level, it does not come from a dedicated fund, and there is a lot of waste and inefficiency in how it is spent on the Free SHS.
“And at the same time, tertiary education has also run out of funding because the GETFund, which was a good source of funding, has been collateralized, and so 60 percent of the GETFund has been pre-spent, and so only 40 percent is addressing the issues. infrastructure across the entire education value chain.
“That is a crisis, and that is why I have proposed that we hold a National Education Review Conference and look at what all the sticking points are.”