Gov?t releases GH?1.0172 bn to statutory funds

0

The Government of Ghana has released a total of GH?1.017 billion (One billion, seventeen million and two hundred thousand Ghana Cedis) to statutory bodies to fund their operations during the first five months of the 2012 fiscal year.

The release comprises GH?725.1 million in respect of 2012 statutory transfers and GH?292.1 million 2011 transfers that spilled over into the 2012 fiscal year.

According to a statement from the Ministry of Finance and Economic Planning, ?the releases represent 49.64% of projected estimated transfers to statutory funds in the 2012 budget.

A breakdown of the releases is as follows:

District Assemblies Common (DACF) 481.69
GETFund 184.83
National Health Insurance 350.66

The statement added: ?The release of such funds to statutory bodies is an indication that government?s commitment of ensuring timely provision of resources to District and Metropolitan Assemblies for the implementation of projects and programmes is on course.

?This is in pursuit of government?s overall objective of achieving poverty reduction, removal of income distortions and ensuring the provision of basic infrastructure at the District and Municipalities of Ghana,? the statement signed by Abdul Hakim Ahmed, a media liaison officer at the MoFEP noted.

By Citifmonline.com/Ghan a

Send your news stories to [email protected] Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here