The Finance Minister Ken Ofori-Atta has justified the investment being made by the Akufo-Addo administration in the educational sector. He stat
The Finance Minister Ken Ofori-Atta has justified the investment being made by the Akufo-Addo administration in the educational sector.
He stated that investments in education is what will enable the people tackle poverty on the African continent.
He said this at a ministerial conference in Accra on Monday June 27.
“We must be emboldened by the existing data and science around education investment. According to the Bill and Melinda Gate Foundation , investment in human capital in Africa remains unchanged, GDP per capita increased by 39 per cent by 2050.
“However, if countries in Africa increase their investments in the health and education of young people this could trigger an 88 per cent increase in GDP per capita by 2020,” he said.
He added “It is staggering to think that we can move from the current 3.3 trillion to 6.6 trillion just by focusing on putting more resource in education.
“Even as we raise more finance for education, our government must continue to prioritise education by allocating funds more fairly and efficiently to meet current pressing fiscal needs.
“As has been said, the best time to plant tree was 25 years ago, the second best time to plant a tree is today. Let us start today and let finance ministers begin to change their allocating principles.”
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