Mr Ofori-Atta said it will cost government GH¢400 million to implement the free SHS programme for the 2017/2018 academic year.
Presenting the 2017 Budget Statement and Economic Policy on Thursday, Mr Ofori-Atta said it will cost government GH¢400 million to implement the free SHS programme for the 2017/2018 academic year.
The Senior Minister Yaw Osafo Marfo suggested that the Heritage Fund could be used to finance the programme, the Finance Minister said it will not be touched, adding he is looking at over envelop available to the government to finance the programme.
The Finance Minister told parliament that President Nana Addo Dankwa Akufo-Addo will finance the Free Senior High School programme with the Annual Budget Funding Amount.
The minister further announced the scrapping of excise duty on petroleum products. In addition to abolishing excise duty on petroleum products, the government also intends to reduce the special petroleum tax rate from 17.5% to 15%.
Additionally, other taxes will either be abolished completely or reduced to create a conducive business environment.
He noted also that the implementation of the free SHS programme would include technical and vocational institutes.
Click to read the full budget here: Here are the taxes Nana Addo will abolish in his government