By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
News

Government To Allocate GH¢345 Million for First-Year University Students’ Fees

The government will allocate GHS 345 million to cover first-year university students' fees, benefiting families but posing financial challenges for long-term sustainability.

Ghanaian Professor Designs Tech Solution That Predicts University Admission Chances Before Students Apply
News Desk
Jan 21, 2025

The government has announced a GHS 345 million allocation in its first budget to cover the academic fees of first-year university students, aiming to provide relief to families burdened by tuition costs. Education Minister-designate Haruna Iddrisu made this known during his vetting before the Appointments Committee of Parliament in Accra. The initiative, which seeks to enhance access to higher education, will also refund students who have already paid their admission fees.

While this move offers significant benefits to students and their families, it poses a considerable challenge to the government’s finances. The GHS 345 million expenditure comes at a time when the national budget is already strained, raising concerns about long-term sustainability.

This intervention will specifically cover first-year students pursuing regular academic courses, excluding those enrolled in professional programs like Medicine. The Minister-designate reaffirmed the government’s commitment to maintain the Free SHS policy but stated that a comprehensive review would be undertaken to ensure the policy’s sustainability. This review, according to him, will address funding issues while maintaining access, quality, and affordability at all levels of education.

The government plans to engage stakeholders, including parents, teacher unions, and the academic community, in a forum to identify and address the challenges facing the Free SHS policy. This collaborative effort aims to enhance the policy’s implementation and secure reliable, long-term funding.

In addition to addressing university fees, the government plans to uncap the Ghana Education Trust Fund (GETFund) to unlock additional resources for educational infrastructure development. Minister-designate Iddrisu suggested that 5-6% of the country’s gross domestic product (GDP) be allocated to support education, to improve accessibility and quality at all levels, from preschool to tertiary education.

READ ALSO

MIIF Launches Five-Year Forest Restoration Project in Western Region
MIIF Launches Five-Year Forest Restoration Project in Western Region
Syrian National Arrested in Beirut with 40kg of Suspected Cocaine from Ghana
Firefighting & Red Tape Adversely Impacting the Effectiveness of Gov’t Ministries – Prof. Danquah

Despite the benefits of these educational initiatives, the government’s financial commitment to higher education, particularly in providing free university fees, raises questions about how it will balance these obligations with its broader fiscal responsibilities.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article Navigating Professionalism in the Remote Working
Next Article Ghana to Earn Extra $60M Annually After Trump Gov’t Reversed the 15% Tariff on Cocoa Export Dollar Dips as Trump Holds Off on Immediate Tariffs, With Possible Impact on the Cedi
- Sponsored Content -
Ad imageAd image

LATEST NEWS

UniMAC-IFT Marks World Day for Audiovisual Heritage with Focus on Preserving Ghana’s Film History
News
Young, Educated Workers and Women Face Greater AI Exposure
Young, Educated Workers and Women Face Greater AI Exposure
Innovation News Work & Careers
The 2027 Budget Balancing Act Between Debt Walls and Expansive Social Commitments
Business & Economy
Mahama Defends Gold Export Restrictions, Eyes Wider Mineral Processing
Mahama Defends Gold Export Restrictions, Eyes Wider Mineral Processing
Business & Economy
Mahama Welcomes UK Openness to Apology Over Transatlantic Slave Trade
Mahama Welcomes UK Openness to Apology Over Transatlantic Slave Trade
News

You May Also Like

GRA Accelerates E-VAT Rollout with 3,000 Businesses Onboarded and 5,000 More in Pipeline

GRA Accelerates E-VAT Rollout with 3,000 Businesses On-boarded and 5,000 More in Pipeline

69% Of Ghanaians Asked to Pay Unofficial Fees by Public Officials in Late 2025 – GSS Report

69% Of Ghanaians Asked to Pay Unofficial Fees by Public Officials in Late 2025 – GSS Report

Employment

Ghana’s Economic Transformation Agenda Demands Real Youth Visibility

UN Raises Alarm Over Hidden Crises in Ghana’s Food System

Goosie Tannoh appointed as advisor for 24-hour economy in Ghana

24-Hr Economy Demands Vibrant & Energetic Leaders – Economist on Goosie Tannoh’s Role at Presidency

National Best Cocoa Farmer Urges Gov’t to Reduce Agro-Chemicals Costs After Cocoa Price Review

UBA Reaffirms Commitment to Youth Empowerment

UBA Reaffirms Commitment to Youth Empowerment

How Will KIA Renaming Improve Efficiency, Reduce Costs & Expand Routes – Dr. Apetorgbor Asks

Passenger Arrivals at KIA Drop by 10.3% as Port Traffic Surges to 22% in March 2025 – BoG

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

Loading Comments...
%d