Saturday, June 3, 2023
No menu items!
HomeNewsWe will block all finance ministry business if Common Fund is not...

We will block all finance ministry business if Common Fund is not paid – Minority threatens

The minority in parliament have threatened to boycott businesses brought to the House by the Ministry for Finance if funds allocated to the District Assembly Common Fund (DACF) are not paid with immediate effect.

Speaking to the media on Tuesday, March 28, 2023, the minority bemoaned the delay in the release of the statutory funds describing it as a clear breach of the law.

“They are already in breach of the delivery in terms of when they are supposed to get this done. By the end of 2018, whatever you have collected in tax revenue should have been fully paid to Common Fund in terms of the 5%, so we can only say immediately because you are already in breach of the law. That is why we are saying that if he refuses, we will not do any business from the Ministry of Finance,” MP for Adaklu, Kwame Governs Agbodza said.

The District Assembly Common Fund is established by the District Assembly Common Fund Act 1993, (Act 455) under Article 242. The purpose of setting up this fund is to provide resources to support the developmental activities of the local government. It is a fund created out of the Consolidated Fund to channel resources from the central government to the local governments for development.

The District Assemblies’ Common Fund (DACF) is a pool of resources created under section 252 of the 1992 constitution of Ghana. It is a minimum of 5% of the national revenue set aside to be shared among all District Assemblies in Ghana with a formula approved by Parliament. It is a Development Fund which enables the use of the nation’s wealth throughout Ghana to the benefit of all citizens.





Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments