Mahama’s ‘New Economy’ to excite teacher trainees as over GH¢200m allocated to settle allowances

Government has reiterated its commitment to enhancing the education sector of the nation.

In the 2027 budget ushering in a New Economy agenda of the incumbent NDC government led by President John Dramani Mahama, some financial aids have been extended to teachers and students to boost Ghana’s education system.

Finance Minister Dr. Cassiel Ato Forson, who presented the budget in Parliament yesterday, recounted that the government has, out of its $10-billion New Economy initiative which begins next year, set aside “GH¢48 billion to the Ministry of Education to support teaching, learning and access to education”. 

Of this amount, he expounded that GH¢11.2 billion has been allocated to the “Ghana Education Trust Fund (GETFund) to support the development of educational infrastructure; GH¢1.37 billion to transform secondary education and eliminate double track; GH¢537 million to the No Fees Stress policy for first-year students so that the cost of entry does not close the door to opportunity; GH¢292 million for the distribution of free sanitary pads to support girls’ participation in education”.

GH¢227 million, he disclosed, is pledged for “teacher trainee allowances to support the people preparing to teach the next generation” and “GH¢169 million for Basic Education Certificate Examination fees”.

Also, GH¢166 million is allocated for Capitation Grant with GH¢133 million for “existing education interventions to sustain support for teaching and learning; and GH¢50 million to special schools to support learners who require specialised educational provision”. 

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