Accounting for Household Formal Education Budget Shares in the Ashanti Region of Ghana: The Statistical Evidence

The socioeconomic regional factors influencing households spending on education are examined in this study using a Tobit model and data gathered from the seventh round of the Ghana Living Standards Survey (GLSS VII) in 2017. The results showed that households in the Ashanti region increased their spending on education in all three of the categories covered by the data and taking into account household undefined education expenditure, 57.1 percent of household total spending on education went toward basic education, 30 percent went toward secondary and post-secondary education, and 12.6 percent went toward tertiary education. The annual amount that households spend on education is positively impacted by the number of female heads of household and the size of the family. This study may help officials involved in the development of the Ashanti region's education sector create better plans by recognizing the contributions of households as significant players in funding education in the Ashanti Region. This is especially important given the region's declining public spending on education. To support the implementation of SDG4 and the African Union Agenda 2063, the Ashanti Regional Coordinating Council must take policy action to guarantee that households do not spend more than half of their total annual household spending on education on basic education.