Finance Ministry releases monies to Common fund


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Mrs Abena Osei-Asare Deputy Minister of Finance

By
Christopher Arko

Accra, July 20 GNA – The Ministry of Finance
has released an amount of GH¢336, 168,522.78 to the Controller and Accountant
General’s Department for the disbursement into the District Assembly Common
Fund (DACF).

According to the Finance Ministry, the amount
is the 2018 first quarter payment for the District Assembly Common Fund, which
had duly been paid.

Mrs Abena Osei-As

By
Christopher Arko

Accra, July 20 GNA – The Ministry of Finance
has released an amount of GH¢336, 168,522.78 to the Controller and Accountant
General’s Department for the disbursement into the District Assembly Common
Fund (DACF).

According to the Finance Ministry, the amount
is the 2018 first quarter payment for the District Assembly Common Fund, which
had duly been paid.

Mrs Abena Osei-Asare, Deputy Minister of
Finance announced this when she appeared before Parliament to answer questions
relating to the release of funds to the DACF.

This follows a question by Mr Samuel Okudzeto
Ablakwa, Member of Parliament for North Tongu asking the Minister of Finance
when the first quarter of the DACF for 2018 fiscal year which has been in
arrears, would be released.

He also asked what accounted for the delays in
the releases of the DACF to the various districts.

Mrs Osei-Asare also stated that the amount had
been released and hopefully, would hit the accounts of most of the district
assemblies by next week.

She explained that in situations when revenue
inflows were not sufficient to meet all constitutional charges from
consolidated funds delays may occur.

She said the Ministry of Finance on its part,
released the letter and funds on time but needed to laisse with the Ministry of
Local Government and the Administrator of the Common Fund to expedite action
when the releases come to them.

GNA


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