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‘We worked on this project with the World Bank and went as far as, go and defend the proposal at the headquarters and fortunately we got a positive response May 20th.’
‘We took documentation to cabinet for support and we got it. The final stop was parliament and whatever happened or didn’t happen yesterday we have support and I’m very happy about that,’ the Education Minister said. Why pads
Explaining, Professor Opoku Agyemang said Ghana values education to the extent that the percentage of government funding in education was extremely high, far higher than what prevails in many other countries.
Therefore, she said, the expectation was that returns would be very high, but that was not the case.
She said studies had shown that over the years, children who stay in school from class one, two, three seem to be okay but by end of class five, six and JSS, the dropout rate for girls becomes very high.
The Minister said the situation was not peculiar to Ghana, noting that it was universal problem which many countries had been tackling for decades.
She argued that the provision of nice buildings, laboratories and other educational infrastructure and facilities alone does not make for quality education – although it is a prerequisite – neither does quality education depend only on how highly trained the teacher is, or how well the headmaster understands his job as a leader of the academic process. The welfare of the student is also important, she emphasised. Project breakdown
The project cost breakdown, as contained in the agreement, the construction of the 23 new schools would cost $98.9 million, while upgrading of the 75 existing SHSs was valued at $9 million.
Expansion of the 50 schools to increase capacity to absorb more students would cost $16 million, while scholarships for 10,400 students to pursue SHS education for three years would cost $15.6 million.
In spite of the vehement disagreement by the Minority, the Majority got the loan agreement approved as a result of the fact that it had a larger number in the House.
The loan has a 1.25 per cent interest rate, 20-year repayment period, 60-month grace period, a 0.5 per cent per annum commitment charge on the principal amount not withdrawn (effective 2015), a service charge of 0.75 per cent per annum on the withdrawn balance and a 25-year maturity period.
Credit: Enoch Darfah Frimpong /Daily Graphic.com.gh
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