For two consecutive years, the Finance Ministry has not been able to meet the requirement to transfer 5.0% of the Annual Budget Funding Amount (ABFA) to the District Assembly Common Fund (DACF), contrary to the decision of the Supreme Court of Ghana in the case of Kpodo and Another vs Attorney-General in 2019.
The 2022 Public Interest and Accountability Committee (PIAC) Annual Report which uncovered this is therefore urging the Finance Minister, Ken Ofori-Atta, to comply with the decision of the Supreme Court in the disbursement of funds to the DACF.
“In the disbursement of funds to the DACF, the Minister for Finance should comply with the decision of the Supreme Court of Ghana in the case of Kpodo and Another vs Attorney-General in 2019”.
Utilisation of Annual Budget Funding Amount
It also expressed concern about the little disbursement of the ABFA to the Industrialization Priority Area, saying the Industrialisation Priority Area received an amount of about ¢9.29 million, representing 0.20% of the total ABFA of ¢4.41 billion.
“The Industrialisation Priority Area received an amount of ¢9.29 million representing 0.20% of the total ABFA (¢4.41 billion).
"The disbursement which represents 4.29% of the amount budgeted (¢216.3 million) for the priority area for 2022 does not reflect giving priority to Industrialisation in the use of ABFA.”
The report also indicated that an amount of ¢643.61 million ($73.68 million) was transferred to the Ghana Infrastructure Investment Fund (GIIF) in 2022.
According to the Fund, the entire disbursement was used to support the Agenda 111 Project of the government.
This is the second year after 2021 that GIIF has received funds for the Agenda 111 Project. In 2021 an amount of ¢290.38 million (US$49.39 million) was allocated to the Fund.
Latest Stories
-
West African School on Air Quality and Pollution Prevention to enable air quality forecasting in Ghana
24 mins -
Dumsor is back; tell Ghanaians the truth – Mahama to government
32 mins -
MTN Ghana reaffirms commitment to cultural heritage through support for Hogbetsotso Festival
39 mins -
Election 2024: NPP rejects NDC allegations of attempting to block GFP’s ballot re-entry
41 mins -
Full text: Sam Jonah – How Ghana can attain desired cultural values, peace and collective prosperity
56 mins -
We await EC’s response – GFP General Secretary says
1 hour -
Joyce Bawah: NDC best to lead Ghana out of current economic mess
1 hour -
Akomadan Omanhene praises Bawumia as empathetic and visionary
1 hour -
Excessive partisanship is Ghana’s problem; transformative leadership is the solution – Alan Kyerematen
2 hours -
NDC accuses NPP of attempting to block GFP’s ballot re-entry to alter positions
2 hours -
Alan Kyerematen is the situational leader Ghana needs at this critical time – Boniface Siddique
2 hours -
Speaker to address media on recent developments in Parliament, other issues on Wednesday
2 hours -
#Eleection2024: It’s a collective responsibility to maintain peace – Asogli Queen
2 hours -
Bawku conflict claims 61-year-old man, raising death toll to 22
2 hours -
Ghana’s education system stifles critical thinking, innovation – Sam Jonah
2 hours