GHC459m oil money sunk into free SHS – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has disclosed that about GHC459 million has so far been spent on the government’s flagship education programme- Free SHS.
According to him, the expenditure is to afford all school going children the opportunity to have free senior high education.
Speaking at the launch of the oil and gas licensing round 2018, at the Kempinski Hotel, Accra, Nana Akufo-Addo said the government is committed to investing the country’s oil revenue into areas that will safeguard the future.
“Investing in our children and in the future of our country is the most appropriate investment any Government can make, and we are fully committed to continuing on this path.”
The President stressed that: “Free SHS is ensuring that our oil revenues are being equitably distributed to our people, and not ending up in the pockets of a few. The most important resource of any nation is its people.”
President Akufo-Addo noted that the countries that have benefited immensely from their oil and gas resources are those that implemented policies to accelerate value addition activities in their economies, through the development of forward and backward linkages, and by investing oil revenues in strategic social and economic programmes