The school that would win this year's National Science and Maths Quiz (NSMQ) walks away with a grand prize of GH₵80,000 in addition to an Excellence Award of GH₵40,000 by Absa Bank.

According to the Managing Director of Primetime Limited, Nana Akua Ankomah-Asare there are lots of prizes to be won by the contending schools.

She told JoyNews journalist, Manuel Koranteng on the AM Show that the main prize for the finalist schools; Prempeh College, Keta Senior High Technical School (Keta SHTS), and Presbyterian Secondary School (PRESEC) is sponsored by the Ghana Education Service (GES).

"GH₵80,000 total going to the first place school. GH₵40,000 to the school, GH₵20,000 to the students, and GH₵20,000 to the teachers. It’s an annual affair for the school and the team that wins it."

The first runner-up is set to take home "GHS30,000 to the school, GHS17,000 to the team of students, and GH₵17,000 to the teachers. So that's GH₵64,000 total."

The school that would place third is to receive, "GH₵50,000. GH₵20,000 to the school, GH₵15,000 to the students, and GH₵15,000 to the teachers."

Mrs. Ankomah-Asare also disclosed on the AM Show that partner-sponsor of the contest, Absa Bank Ghana Limited would also be awarding the contestants who made it to the finale.

"We have Absa Bank giving us the Excellence Awards, which is sort of like a complement to the main one, which is GH₵40,000 to the winning team. So it goes to the team. GH₵20,000 to the teachers, GH₵20,000 students."

"And then GH₵30,000 to the second place school which is GH₵15,000 to the teachers, and GH₵15,000 to students. And then GH₵20,000 to the third place team, to be shared Gh₵10,000 to the students, GH₵10,000 to the teachers."

Meanwhile, contestants for the three schools scheduled to compete in this year’s National Science and Maths Quiz (NSMQ) finals have vowed to deliver another action-packed contest on Friday, November 26.

The finale is set to take place at the Great Hall of the Kwame Nkrumah University of Science and Technology at 2pm.

Mrs. Ankomah-Asare hinted of a new award for the most influential 'jama' base.

"There is an award for that. Goil is sponsoring that. It’s a new award. But they want it to be decent. That’s the catch, Jama, yes. But decent."