Ato Forson Drops Another Huge Announcement For Ghanaians

Finance Minister Dr Cassiel Ato Forson has revealed that the government has paid GH¢24.8 billion into statutory funds since the beginning of January 2026, describing the disbursements as necessary to sustain public services and support development initiatives nationwide.

The minister made the disclosure in a post on X on Wednesday, October 21, 2026, explaining that the funds were intended to support priority areas such as education, healthcare, road development and projects undertaken by local authorities.

Dr Forson said the government was placing emphasis on releasing statutory allocations promptly to enable institutions mandated to manage the funds to carry out their responsibilities without unnecessary financial constraints.

He further indicated that the current approach was intended to address challenges associated with earlier disbursement arrangements, which he said had been marked by delayed payments, restrictions on releases and the accumulation of unpaid obligations.

According to the Finance Minister, ensuring that the funds are transferred in full and within the required timeframes would help beneficiary institutions execute their programmes and improve the delivery of services to the public.

Statutory funds are established under specific laws or constitutional provisions to finance particular government responsibilities. They provide dedicated resources for public programmes, infrastructure development and other activities considered essential to national progress.

The Ghana Education Trust Fund (GETFund) is one such mechanism. It supports the education sector through infrastructure development, scholarships and other interventions designed to address educational needs.

The District Assemblies Common Fund (DACF), provided for under Article 252 of Ghana’s 1992 Constitution, allocates resources to metropolitan, municipal and district assemblies to finance development projects and address local priorities.

Similarly, the Road Fund provides financial support for road maintenance, rehabilitation and other related infrastructure works.

Timely transfers to these funds are important because delays or shortfalls can affect the ability of beneficiary institutions to implement approved projects and deliver essential services as planned.

Dr Forson’s disclosure signals the government’s stated commitment to fulfilling its statutory financial responsibilities. However, the announcement did not specify how the GH¢24.8 billion was shared among the different funds or provide individual figures for each beneficiary institution.

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