ACHIEVING SCHOOLING FOR ALL: AN EMPIRICAL ANALYSIS OF HOUSEHOLD ANNUAL FORMAL PRIMARY EDUCATION EXPENDITURE IN GHANA

The study analysed household-level annual spending on formal primary education with focus on determinants of various socio-economic factors, using the latest Ghana Living Standards Survey Seven data of 2016-2017. The study findings are that an increase in annual household income of 122 cedis per year increases actual household expenditure on formal primary education by about 1.2 cedis. The study further established that increase in household size positively correlates with annual household formal primary education expenditure. Rural annual household formal primary education expenditure lags behind urban household annual education expenditure in Ghana. Based on the findings, it is recommended that policy-makers must take pragmatic steps to drastically reduce the gap to help maximised the education for all as envisaged by the SDG 4.