Ghana’s Parliament has passed the Appropriation Bill, 2017, into law. This is to provide for the withdrawal of sums of money necessary to meet Government expenditure for the 2017 financial year from the Consolidated Fund and other Funds.
This is in accordance with Article 179(2) of the 1992 Constitution where estimates of expenditure of public offices are to be included in an Appropriation Bill to be introduced in Parliament to provide for the issue of funds from the Consolidated Fund and other Funds to meet Government Expenditure.
Pursuant to Article 179(2) (a) of the Constitution, a sum of money not exceeding GHC64,116,793,031 shall be issued from the Consolidated Fund and other Funds during the financial year commencing on the 1st of January and ending on the 31st of December, 2017.
The money will be allocated to the various Ministries, Departments and Agencies (MDAs) and other government obligations to undertake their various programmes in 2017.
The Controller and Accountant-General may, on a warrant issued on the authority of the Minister responsible for Finance, pay out of the Consolidated Fund and other Funds during the financial year ending on the 31st of December, 2017 any sum not exceeding on the whole the sum of GHC64,116,793,031.
The new Act, which repeals the Appropriation Act, 2015 (Act 901), came into force on Saturday, the 1st of April, 2017.