A critical assessment of public funding of education in Ghana.

Amankona David, Kweitsu Godson, Korankye Benjamin, Ebo Arthur Emmanuel

Abstract


A country’s economic growth depends on its manpower development resulting from its investment in education. Countries that have invested on its manpower have developed through science and innovation. Many researchers believed that, an additional year of education of citizens increase gross domestic product. However, developing countries are faced with financial problems which made them invest lesser in their education sector. Most Africa countries depend on external aids to enable them provide education to all citizens. This study has revealed to students and researchers the financing strategies of the Ghanaian government and various policies concerning educational financing. The paper also analyzed the trends of education financing of Ghana from all levels and the percentage of government spending on education against total expenditure of a fiscal year. Recommendation were also made to government on how to effectively to manage the cost-sharing approach of higher education.


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References


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