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August 7, 2017 | Opinion/Feature

The Free SHS Policy: A Perfect Initiative To Transform Ghana

Nana Kwame Nkrumah
File Photo
File Photo

I have always prioritize the foundation of this country on four major Pillars

1. Education
2. Health
3. Energy
4. Infrastructural and social interventions
The health of a nation represents the wealth of the nation. The future of this country will be predictably secured if we have appreciable number of educated youth. Free accessibility of quality education by all irrespective of our social status is one of good way to build a secured future.

Energy is the backbone of every economy. In this era of technological advancement, businesses ranging from small scale to giant corporations heavily rely on energy for production of goods and services. The country's GDP have positive relationship with sustainable supply of energy and this explains why the previous government recorded a worst performance growth in GDP (Dumsor effect)

Infrastructure and social interventions is one major responsibility of every government. The tax payer must have access to basic needs. The government must invest in its people by creating value for the tax payer from each cedi received. Good road network/system, hospitals, schools, affordable houses, sanitation and environmental protection etc etc

In as much as I believe all previous government did their best to improve these four pillars mentioned above (Particularly education), I am much impressed with the initiative by the current government's Free SHS policy. Of course, I have my personal reservations regarding the timing and the implementation of the policy. Especially when we (government) have not done much about improving the standards of our schools and living conditions of teachers which for me is an utmost priority.

I have personally listened to debates from both experts in the educational sector and political propagandist who defends or critics the policy based on their political colors/affiliate. However, what is undebatable is the financial reliefs this policy will give to parents whose children will benefit from the policy. The number of student who drop out from SHS because of financial distress is also undebatable. The poor tax payer who cant afford three square meals do not have anymore excuses to retire a15yr old JHS leaver to the farm or trafficking them for some few coins...What we failed to address and appreciate is the value the government will be creating with our taxes and the future this policy will create for our Future.

But one major question always comes to mind anytime I think of this sumptuous policy. Thus, Financing and sustainability of the Free ShS policy. I have not seen any contingency approach to financially sustain the policy in case the sources of financing failed. The use of heritage fund is still debatable depending on the school of thought you will refer to..But what is more dangerous is failing to address the potency of the fund to sustain the policy for the next 5years, 10years, 20years and 50years. We as a country do not control the prices of oil and the proceeds from the oil sector which the heritage fund heavily depends on. This basically must inform policy makers about the risk of failure hence the need to fish out other lucrative ways of financing the policy.

The first time I heard about the source of financing for the Free SHS policy was when the minister of finance Hon. Ken Ofori Attah presented the 2017 "Asempa" budget and stated categorically that the free ShS will be financed through the heritage fund. I was impressed with his submission on the policy. His demeanor alone signalled how ambitious his government was to implement the policy. However, was quite troubled about the policy's sustainability through the heritage fund. In fact, I became more troubled after listening to the views of some experts as well.

Just after he ended with the budget reading; a thought came to mind (A thought I posted on my Facebook wall).

Why don't we levy the citizens with 2.5% indirect tax just as the NHIS policy so we can sustain the Free SHS policy for a life period. I perfectly understand the ripple effect and the politicalization this decision will be attributed to...More especially introducing such levy at a time of the NPP administration. It is of much evident that the NPP bitterly complained about nuisance taxes introduced by the NDC government and they promised to eliminate and reduce taxes to relief some burdens on the tax payer if in power.

This Free SHS policy is best for the majority of the Ghanaian citizenry and I think irrespective of the political campaign promises the government must come clear on the financial sustainability of the Free SHS policy. I was glad to hear the IEA in their recent presentations by Dr. Assibey on financing the Free SHS policy. The policy expert apolicy and he recommended to charge one percent(1%) tax on goods and services to help finance the Free SHS policy. A recommendation that I perfectly agree with on the grounds of sustaining the policy. Then again, something came to mind; will the 1% be enough? Especially when our major problem in this country is prudent financial administration. Is the Free SHS policy not going to be like the NHIS policy where service providers refused to deliver services due to failure by government to meet its financial obligations? Government must come clear on this policy

I believe the Free ShS is one of the best policy initiative by the NPP government and if it must be done it must be done perfectly well. The policy must stay and improved with time. My children, grand children and great grand children must all benefit from this sumptuous policy. I want to see my country developed with positive attitude and change through access to free quality education. As we always say; Education is the key to success.

The politician must create value from the taxes of the citizenry and one of the best value any government can create is initiating an access to a free quality education for all. Lets join hands irrespective of our political power to build this policy. Let us build our country together and create a better future for our unborn generation.

I believe in Ghana and I believe Ghana must work for the Future

Citizen Kwame Nkrumah
0208603020
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Thank you
Nana Kwame Nkrumah
Lecturer and Financial Economist
0243 93 21 07
Accra - Ghana

Disclaimer: "The views/contents expressed in this article are the sole responsibility of Nana Kwame Nkrumah and do not neccessarily reflect those of Modern Ghana. Modern Ghana will not be responsible or liable for any inaccurate or incorrect statements contained in this article."

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