Ghana: Parliament Approves Gh¢ 36.1 Billion for Gov't Expenditure Next Year

press release

Parliament yesterday passed the 2013 Appropriation Bill, authorising the utilisation of GH¢36.1 billion from the Consolidated Fund and other funds to meet government's expenditure for the 2014 fiscal year.

The Bill, which was passed under a certificate of urgency, would give government the mandate to withdraw the amount for the payments of its recurrent and Capital expenditureas well as to service other payment, including road arrears, non-road arrears, tax refunds and amortisation.

Out of the amount, a sum of money not exceeding GH¢6.4 billion would to be allocated to the District Assemblies Common Fund, Ghana Education Trust Fund and National Health Insurance Fund, Road Fund, Petroleum related Fund, retention of IGFS fund and transfer to GNPC from oil revenue.

On the other hand, an estimated amount of GH¢ 3,692,028,414 had been earmarked for statutory funds, while the DACF is expected to receive GH¢ 1,369,764,728 determined by 7.5 per cent of non-oil tax revenue less VAT refunds on import.

Minister for Finance, Mr Seth Tekper who moved the motion for the passage of the Bill said "government would continue with measures regarding the moratorium of contracts and the implementation of its programs."

He intimated that "in the spirit of the discussion held in Ho and as agreed earlier this year government would be working with labour to developed a comprehensive measures that would ensure a moderation in the negotiating of wages or salaries increases including a possibly moratorium on increase."

He assured that the Ministry would ensure the timely releases of the allocations to prevent any adverse effects on the smooth implementation and completion of the programmes.

The legislators who, worked late into the evening also approved the appointment of Egala Atitso and Associates as auditors to undertake the auditing of the Account of the office of the Auditor General for the periods between 2007 and 2013 in accordance with Article 187(15) of the 1992 Constitution.

Sitting was adjourned to make way for the Christmas. The House is expected to resume on January 28, 2014 to commence the second meeting.

Source: ISD (Gilbert Ankrah & Richie Osei Asiedu)

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