Tag Archives: District Assembly Common Fund

2018 budget won’t cater for new districts – Minister

The proposed 38 new districts will not have dedicated allocations from the Local Government Ministry’s 2018 budget. The Legislative Instruments seeing to their creation are yet to mature, thus the proposed districts are not yet to be recognized on government books to receive budgetary allocations by way of seed money. “The fact is that, you can’t even say anything for ...

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Regional Ranking: How MMDAs mismanaged Common Fund cash [Infographic]

The 2016 Management and Utilization of District Assemblies’ Common Fund, and other Statutory Funds reports released by the Auditor General, has revealed that among the 216 Assemblies across the ten regions of Ghana, assemblies in the Greater Region mismanaged the least of funds that were allotted them. Out of a total of GHc 33,392,496.94 released to the assemblies in the ...

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The obesity of a lean public purse [Article]

If You are a Bachelor, Don’t laugh at your Neighbour’s fat wife “…instead of a lean government, we have lean kenkey at a higher price, these are the issues which the….government and its activists should be tackling instead of seeking to divert attention with threats, intimidation, assaults, car-snatching, seizure of lorry parks and toilet grabbing”. Nana Addo Dankwa Akufo-Addo, May ...

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Naa Torshie advocates borrowing by MMDAs from local banks

Irene Naa Torshie Addo, the President’s nominee for the position of Common Fund Administrator,  is proposing new measures including borrowing from banks to end the perennial challenge of the delay in the payment of Assemblies’ share of the Common Fund. Per the constitution, not less than 5 percent of national revenue is to be allocated to the Common Fund for ...

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Naa Torshie Addo appointed as Common Fund administrator

President Nana Akufo-Addo has appointed the former Member of Parliament for Tema West Constituency, Irene Naa Torshie Addo, as the new administrator for the District Assembly Common Fund (DACF). This was contained in a letter addressed to the Speaker of Parliament, Prof. Aaron Mike Oquaye, to get her approved through the due parliamentary procedure. Naa Torshie Addo, if approved, will ...

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Capping statutory funds will affect banking sector – Ato Forson

The Minority Spokesperson on Finance has said government’s decision to cap statutory payments would have an adverse effect on the country’s banking sector. The government in its 2017 budget statement and economic policy indicated that it will cap all statutory funds at 25% to finance the one-district-one-factory and free SHS policies. This means that  7.5% of all total revenue of the ...

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