{"id":163454,"date":"2024-03-20T06:56:52","date_gmt":"2024-03-20T06:56:52","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/20\/govt-owes-common-fund-over-gh%c2%a26bn\/"},"modified":"2024-03-20T06:56:52","modified_gmt":"2024-03-20T06:56:52","slug":"govt-owes-common-fund-over-gh%c2%a26bn","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/20\/govt-owes-common-fund-over-gh%c2%a26bn\/","title":{"rendered":"Govt owes Common Fund over GH\u00a26bn"},"content":{"rendered":"

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The Deputy Ranking Member on the Local Government Committee of Parliament, Benjamin Kpodo, has disclosed that the government is indebted to the District Assemblies Common Fund to the tune of over GH\u00a26 billion due to the delay in the release of funds by the Finance Ministry.<\/span><\/p>\n

According to the Ho Central MP, the Ministry of Finance has violated the constitution by failing to disburse the Common Fund on a quarterly basis.<\/span><\/p>\n

He made this known in a contribution to the report on the proposed formula for distributing the DACF for the year 2024 in Parliament.<\/span><\/p>\n

\u201cThe Ministry of Finance has been violating the constitution. Article 252(2) clearly states that the disbursement should be done on a quarterly basis, which they were not doing. As we speak now, the Common Fund is being owed some GH\u00a23.5 billion over the past two years.<\/p>\n

\u201cFor 2023, the debt has again risen by another GH\u00a23 billion. So, I don\u2019t know where the Ministry of Finance is keeping the money meant for the District Assemblies Common Fund.\u201d<\/p>\n

A Deputy Finance Minister, Abena Osei-Asare, on her part, assured of the government\u2019s commitment to settle the arrears.<\/span><\/p>\n

\u201cI want to put on record that, Mr. Speaker, yes, we do owe Common Fund some arrears, and we are working very hard to make sure we pay those moneys. But I want to also put on record that we haven\u2019t defaulted, or we haven\u2019t gone against the Supreme Court\u2019s ruling.<\/p>\n

\u201cThat is a fact and that I should put on the table. We have come to Finance Committee to explain how we arrive at revenue numbers for DACF. So I just want to put that on the table that we haven\u2019t gone against the ruling of the Supreme Court. But I want to assure the House that we will work together to make sure we clear any outstanding that we have with DACF.\u201d<\/p>\n\n

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The Deputy Ranking Member on the Local Government Committee of Parliament, Benjamin Kpodo, has disclosed that the government is indebted to the District Assemblies Common Fund to the tune of over GH\u00a26 billion due to the delay in the release of funds by the Finance Ministry. According to the Ho Central MP, the Ministry of […]<\/p>\n","protected":false},"author":1,"featured_media":82911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-163454","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nGovt owes Common Fund over GH\u00a26bn - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/03\/20\/govt-owes-common-fund-over-gh\u00a26bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt owes Common Fund over GH\u00a26bn - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Deputy Ranking Member on the Local Government Committee of Parliament, Benjamin Kpodo, has disclosed that the government is indebted to the District Assemblies Common Fund to the tune of over GH\u00a26 billion due to the delay in the release of funds by the Finance Ministry. 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