Heritage Fund debate builds up

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Kobby 7 years ago

Something called heritage shouldn't be outside the country.Heritage fund if,it is situated outside must find its way back home.

Something called heritage shouldn't be outside the country.Heritage fund if,it is situated outside must find its way back home.
BOY KOFI 7 years ago

Nigeria produces more oïl than Ghana and have been in the business many decades before us.
I have no doubt that we can learn a lot from Nigeria when it comes to oïl business.
I have in mind the bad experience Nigeria went ...
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Nigeria produces more oïl than Ghana and have been in the business many decades before us.
I have no doubt that we can learn a lot from Nigeria when it comes to oïl business.
I have in mind the bad experience Nigeria went through in the 70s and 80s when they decided to use oil money to fund free education.
Why can't we find out what happened to their best intended free education policy that ended in fiasco and plunged the country into depression?Don't worry be happy.
OLAJIDE 7 years ago

Boy Kofi you are right, I was a benefitiary of Nigeria's free education at the University of Lagos in the early 80s as a student from Oyo State and thus qualified for bursery from the government of Oyo State, haven qualified ...
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Boy Kofi you are right, I was a benefitiary of Nigeria's free education at the University of Lagos in the early 80s as a student from Oyo State and thus qualified for bursery from the government of Oyo State, haven qualified to read Accounting at the faculty of Business Administration. The Government of my State of origin was responsible for the entire fees including bursery meant for my books and other logistics, except feeding. The free education programme collapsed when oil productions became epileptic and as well frought with corruption. The free education then led to deterioration of infrastructure virtually in all Universities across the country cos while the free education was ongoing, little or no attentions were paid to improving standards and upgrading the infrastrutures. Today the evidence of such not well through policy has led to young Nigerians seeking tetiary education here in Ghana and elsewhere Easten Europe in 2nd & 3rd grade mushroom and unrecognised and unacredited private universities dotted everywhere in residential street coners across Ghana. Ghana should be catious and learn from the mistakes Nigeria went through in the 70s & 80s. Good luck to Ghana anyway.
OLAJIDE 7 years ago

"not well thought through policy" was meant.

"not well thought through policy" was meant.
Nshyira 7 years ago

Was it the free education or corruption that brought Nigeria down. We want to know.

Was it the free education or corruption that brought Nigeria down. We want to know.
Ben Kofi 7 years ago

Ask them that if they were in opposition now, wd they allow the ruling government use such important money mearnt for our future people be used for that purpose? Hypocrisy to its highest point . Ghanaians shd not permit. Tnx

Ask them that if they were in opposition now, wd they allow the ruling government use such important money mearnt for our future people be used for that purpose? Hypocrisy to its highest point . Ghanaians shd not permit. Tnx
King of powers 7 years ago

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ghanani 7 years ago

Eat today and starve tomorrow.This is what the NPP has for the nation.The NPP says the future will take care of itself.Saving for the future can go hang.

Eat today and starve tomorrow.This is what the NPP has for the nation.The NPP says the future will take care of itself.Saving for the future can go hang.
KK 7 years ago

Investing in the education of the country IS THE FUTURE. IT IS THE HERITAGE WE SPEAK OFF

It is stupid to simply leave the money sitting there and claim you are saving it for future generations..that is rubbish...INVEST IT ...
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Investing in the education of the country IS THE FUTURE. IT IS THE HERITAGE WE SPEAK OFF

It is stupid to simply leave the money sitting there and claim you are saving it for future generations..that is rubbish...INVEST IT IN THE HUMAN CAPITAL...that is how to help the future generation.

I Applaud Akufo Addo on this.

Another bonus...all this free SHS and free meals would create thousands of jobs in the system. Who is going to provide these free meals? Local contractors...Local Awonyes and Area Mamas. these are the types of jobs the economy should target for provision to help the majority of the people. No foreigner would leave their country to come and cook Ghanaian meals...these types of contracts would go straight to the Ghanaian working and lower classes. EXCELLENT MOVE.
BOY KOFI 7 years ago

How come Nana Addo has been campaigning on free shs since 2008 and still doesn't know how to fund it?This is crazy because afterall the Heritage Fund is still not enough.Then remember again that the oïl will finish soon.Don' ...
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How come Nana Addo has been campaigning on free shs since 2008 and still doesn't know how to fund it?This is crazy because afterall the Heritage Fund is still not enough.Then remember again that the oïl will finish soon.Don't worry be happy.
BlackC 7 years ago

That is why you set priorities and use the portion of the 70 percent or so of oil revenue for free SHS project.

You don't come up with a valid reason to raid your retirement account. It is there for retirement. Why make ...
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That is why you set priorities and use the portion of the 70 percent or so of oil revenue for free SHS project.

You don't come up with a valid reason to raid your retirement account. It is there for retirement. Why make up a Heritage Fund if you only were going to come up with good reasons to spend it?

The Heritage Fund has only been in existence for less than 10 years and you want to put our corrupt filled government hands on it and waste it.

Pass the Right to Information bill so that we can have an accurate picture of what is going on with government revenue.
Lori 7 years ago

The true President, Osafo M will massively mess up the dwarf.

The true President, Osafo M will massively mess up the dwarf.
Dan Buduh 7 years ago

Individuals and corporate bodies that spend all their income today cannot think of any income in the future in case of emergency. The same is the state of Ghana. Having set up the Heritage Fund, this is something that cushion ...
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Individuals and corporate bodies that spend all their income today cannot think of any income in the future in case of emergency. The same is the state of Ghana. Having set up the Heritage Fund, this is something that cushion the country in future in case of very unpredictable circumstances. I am surprised that we are today talking about using this Fund. Please, let us all agree that saving money for the future is good and hence the Fund at peace.
Currently, due to some funds I set aside on my own in the past, this earns me around 4,000 Ghana cedis a month. If this savings and/or investment was not done in the past, I will not have been earning this money now.
What we have to do now is find why we have a negative return on the Fund. This need to be rectified, and the Fund well invested for the future of Ghana. The argument that the Heritage Fund is not necessary is baseless. If this is not necessary, the Finance Minister should not have worked hard to set up Databank. He should spent the money he used to invest in Databank. Ken, the Heritage Fund is necessary; keep it and look elsewhere for funding for the free education.

Thank you and God bless Ghana.
Abacha 7 years ago

we are the future so we have to use it

we are the future so we have to use it
SLIMMART 7 years ago

It is amusing that some people are claiming the Heritage Fund is for the "future generation". Question is, for the "future generation" to do what with it? Where were all these people when foreign loans were being acquired lef ...
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It is amusing that some people are claiming the Heritage Fund is for the "future generation". Question is, for the "future generation" to do what with it? Where were all these people when foreign loans were being acquired left, right, center by the previous gov't? Do they know, repayment of these loans and interest on the loans are also for the future generation? Why should the future generations bear these loan expenses while the current generation is the one misappropriating the monies through corruption? Education is an investment and to educate the future generations with the Heritage Fund monies which are supposed to belong to them is a good thing. Mr. President, you owe no-one an apology if you use the money for education. It is seed-money, the benefits of which Ghanaians will reap in the future. Go for it, Nana.

Heritage Fund debate builds up

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