Posted: Thursday 22nd November 2012 at 6:26 am

NPP to use oil revenue to fund Free SHS policy

 NPP to use oil revenue to fund Free SHS policy

Nana Addo Dankwa Akufo Addo, New Patriotic Party (NPP) Presidential Candidate, has said revenue accrued from oil would be used to fund the proposed “Free Senior High School,” when elected to form the next government.

Speaking at the final presidential debate organised by the Institute of Economic Affairs, Nana Akufo-Addo said “the most equitable manner in which Ghanaians would benefit from the oil revenue is to ensure that they are used on the two most critical aspects of our national life – education and health care.

“We would use the oil revenue in these critical areas of the life that at the time the oil resources run out, we would have transformed Ghanaian population through education and people have good healthcare.

“We now have the basis to sustain the development of our nation, not for one year, not for two years but for generations to come”, Nana Akufo Addo stated IEA debate in Accra.

The IEA debate, which was limited to Presidential Candidates of political parties with representation in parliament, was on the general theme: “Upholding Electoral Accountability”.

The NPP presidential candidate said the oil revenue offers Ghanaians an opportunity to transform the economy.

On how to ensure that Ghana gets the best deals out of contracts relating to our natural resources, Nana Akufo Addo explained that under the previous NPP administration, the parameters was to attract investors to field, but now that we are producing oil the parameters are different.

Mr Hassan Ayariga presidential candidate of the People’s National Convention (PNC) blamed past and present governments for signing contracts that have deprived the nation of enjoying the fruit of its natural resources.

“Under my Presidency, I will review all such contracts…taking inspiration from former President Jerry John Rawlings, a Hassan Ayariga led government would review all contracts to ensure that the nation and generation unborn benefits from our natural resources”.

Dr Michael Abu Sakara Foster, CPP Presidential candidate, said a CPP government would pass the local content law, build the technical capacity to deal with the knowledge gap in the field.

On how to make science and technology the core of Ghana’s economic development, Dr Sakara said a CPP government will set up a Ghc10 million Research and Development Fund dedicated to innovations.

This, he said, was aimed at moving “ideas from the shelf to the factories” and to drive the economy forward.

Dr Sakara explained that the “science and technology gap is reflected in the poverty gap saying “if we do not have science and technology driving the economy, then you will find that we are not able to close the income generation and the other measures that we need to take to improve people’s lives.”

He also pledged to improve the quality of technical and vocational institutions.

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