{"id":330444,"date":"2017-06-21T18:09:30","date_gmt":"2017-06-21T18:09:30","guid":{"rendered":"http:\/\/citifmonline.com\/?p=330444"},"modified":"2017-06-21T18:09:30","modified_gmt":"2017-06-21T18:09:30","slug":"naa-torshie-approved-as-common-fund-administrator","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/06\/naa-torshie-approved-as-common-fund-administrator\/","title":{"rendered":"Naa Torshie approved as Common Fund Administrator"},"content":{"rendered":"

Parliament has approved former Member of Parliament for Tema West Constituency, Irene Naa Torshie, as Administrator for the District Assembly Common Fund (DACF).<\/p>\n

Naa Torshie will replace Kojo Fynn, the former administrator who was relieved of his post by President Akufo-Addo earlier this year.<\/p>\n

[contextly_sidebar id=”Fu3x4Cf3nX8mELkeQzrRtRf7o0cB8Lh2″]Approving her nomination, Speaker of Parliament, Mike Oquaye said : “This honourable house has approved the nomination of Mrs. Irene Naa Torshie Addo for appointment as Administrator of the District Assemblies Common Fund in accordance with Article 252 (4) of the Constitution. May I take the opportunity to congratulate her on your behalf.”<\/p>\n

The District Assemblies\u2019 Common Fund is a pool of resources created under Article 252 of the 1992 constitution of Ghana.<\/p>\n

The pool is provided with at least 5% of the national revenue, set aside to be shared among all District Assemblies in Ghana with a formula approved by Parliament. Although the constitution does not state explicitly that allocations from the fund be made to MPs or regional coordinating councils, the country currently allocates a fraction of the fund to MPs and Regional Coordinating Councils.<\/p>\n

Naa Torshie’s plans for Assemblies\u00a0<\/strong><\/p>\n

Naa Torshie, during her vetting, proposed\u00a0new measures including borrowing from banks to end the perennial challenge of the delay in the payment of Assemblies\u2019 share of the Common Fund.<\/p>\n

Appearing before the Appointments Committee of Parliament on Tuesday, Irene Naa Toshie Addo said a combination of extensive lobbying and borrowing from banks to fill the gap can deal with the problem.<\/p>\n

Naa Torshie said, she will lobby \u201cthe Finance Minister and keep on pushing\u2026and I\u2019m going to involve Parliament\u2014Finance, committee, local government committee, leadership.\u201d<\/p>\n

\u201cI will be knocking on your doors; you have to help, if given the nod, to make sure the money comes in and the right amount comes in. That is very important\u2026 If I\u2019m given the nod, once we have the power to be able to invest some of the money to be able to accrue some interest, I\u2019m looking at, with the permission of my minister, bringing certain proposals like this to Parliament to find out whether or not in certain circumstances, just to keep the timelines so that there is no disappointments so that they can plan and manage their areas\u2026I\u2019m thinking about innovative things like that, maybe being allowed at certain times to borrow money for them and pay when the fund comes in,\u201d she added.<\/p>\n

–<\/p>\n

By: Marian Ansah\/citifmonline.com\/Ghana
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