The main sources of finance for education include the budgetary allocation from the Ministry of Finance and Economic Planning (MOFEP), the Ghana Education Fund (GETFund), the District Assemblies Common Fund (DACF), Internally Generated Funds (IGF) and Donor Contributions.
The allocation from MOFEP constitutes about 80 per cent of the total expenditure on education out of which 95 per cent is spent on teacher salaries. A free secondary school policy will mean an increase in the budgetary allocation for education. This will be more pertinent since Nana's vision includes an improvement in the working conditions of the teacher. Giving education priority, in essence, means there will be an increase in the budgetary allocation to education.
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