• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 28, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in General News

No Law Breached in GH¢350 Million Flood Fund Release, Kwakye Ofosu

Evans Junior Owuby Evans Junior Owu
July 9, 2026
Reading Time: 5 mins read
Add as Preferred on Google
Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in charge of Government Communications

Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in charge of Government Communications

The government has firmly rejected claims that it acted unlawfully in disbursing GH¢350 million to finance flood relief and mitigation efforts, insisting that the release of the funds complied fully with Ghana’s public financial management laws.

Presidential Spokesperson and Minister of State in charge of Government Communications, Hon. Felix Kwakye Ofosu, said suggestions that government bypassed legal procedures are without merit, since the funds were ultimately drawn from a lawful budget allocation after access to the Contingency Fund became impossible.

“There is really no issue. No law has been breached. There has been nothing done that is illegal,” Hon. Kwakye Ofosu said while responding to questions about the disbursement.

The dispute arose after Parliament’s Finance Committee approved a request from the Minister for Finance to withdraw GH¢350 million from the Contingency Fund to finance government’s response to recent flooding.

ADVERTISEMENT

Of that amount, the Presidential Spokesperson noted that GH¢150 million was allocated for immediate relief operations, while GH¢200 million was earmarked for post-flood mitigation measures.

Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in charge of Government Communications
Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in charge of Government Communications

According to Hon. Kwakye Ofosu, once the Finance Committee granted approval, the Minister for Finance formally requested the Governor of the Bank of Ghana to release the funds from the Contingency Fund.

The Governor, however, informed the Minister that the account was subject to an injunction tied to a longstanding land dispute that has moved through the courts for decades.

Respecting the Court Order

The Minister for Government Communications Hon. Kwakye Ofosu said government chose to respect the injunction rather than attempt to access the Contingency Fund in defiance of the court.

Faced with an urgent need to fund flood relief, the Finance Minister instead turned to the Contingency Vote contained within the 2026 Budget, an allocation Parliament had already approved through the Appropriations Act.

ADVERTISEMENT

The Minister of State in charge of Government Communications explained that Ghana’s public finance framework draws a clear distinction between the Contingency Fund and the Contingency Vote.

Withdrawals from the Contingency Fund require fresh approval from Parliament’s Finance Committee, he said, while funds allocated under the Contingency Vote can be accessed directly by the Finance Minister without seeking additional parliamentary approval, since Parliament had already appropriated that money.

Ghana's Minister for Finance, Dr Cassiel Ato Forson
Ghana’s Minister for Finance, Dr Cassiel Ato Forson

He added that the Finance Minister’s only remaining obligation is to account for the expenditure at the end of the financial year, a routine requirement rather than evidence of irregularity.

ADVERTISEMENT

Defending the Attorney General’s Role

Hon. Kwakye Ofosu also dismissed suggestions that Attorney General Dr Dominic Ayine had acted improperly by offering legal advice on the matter.

“The Attorney General only proffered an opinion, which he is entitled to do. It does not offend the laws of Ghana in any way, shape or form,” he said, pushing back directly against calls from the Minority for Ayine’s dismissal over his involvement in the disbursement.

Looking ahead, Hon. Kwakye Ofosu disclosed that once the injunction on the Contingency Fund is lifted, the government could reimburse the Contingency Vote using funds from the Contingency Fund, effectively restoring the original account structure.

He stressed, however, that even if the injunction remains in place indefinitely, the current arrangement stays lawful in its own right, since the Finance Minister already holds the necessary authority under the Appropriations Act to spend from the Contingency Vote.

A Process Government Says Was Fully Lawful

Hon. Kwakye Ofosu maintained throughout his remarks that the Finance Minister acted strictly within the authority granted by the Appropriations Act, and that the government complied simultaneously with both the court order and Ghana’s public finance laws while still ensuring emergency support reached flood-affected communities without delay.

Minister of State in charge of Government Communications, Felix Kwakye Ofosu
Minister of State in charge of Government Communications, Felix Kwakye Ofosu

His account frames the episode as a procedural adjustment rather than a legal violation, resting on the technical distinction between two separate budgetary instruments, the Contingency Fund and the Contingency Vote, each carrying its own approval requirements under Ghana’s public financial management system.

While Hon. Kwakye Ofosu’s explanation addresses the specific legal mechanics behind the disbursement, the underlying land dispute that triggered the injunction remains unresolved before the courts.

Until that matter is settled, the Contingency Fund itself stays inaccessible, meaning government will likely continue relying on the Contingency Vote for any further emergency allocations tied to the ongoing flood response, a workaround Kwakye Ofosu insists carries no legal risk regardless of how long the injunction persists.

READ ALSO: Hichilema Seeks Second Term as Zambia Election Race Tightens

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: 2026 Budget GhanaBank of GhanaContingency Fund GhanaContingency Vote GhanaFelix Kwakye Ofosuflood mitigation Ghanaflood relief funding GhanaGH¢350 million flood fundMinistry of Finance Ghanapublic finance laws Ghana
Please login to join discussion
Previous Post

Hichilema Seeks Second Term as Zambia Election Race Tightens

Next Post

Minority’s Call to Sack AG Over GH¢350m Flood Fund Disbursement Baseless, Kwakye Ofosu

Related Posts

Styrofoam Products
General News

Styrofoam Convenience Comes At Environmental Cost, EPA Warns

July 28, 2026
Hon. Haruna Iddrisu, Minister of Education
General News

Ghana’s Economy Must Go Beyond Stability to Real Job Creation – Hon. Haruna Iddrisu

July 28, 2026
Infrastructure project for National Universities
Education

Education Minister Announces Plan for National Teacher University in Peki

July 28, 2026
Hon. Haruna Iddrisu, Minister of Education
General News

Government Commits $256 Million J-STAR Project to Secondary School Infrastructure

July 28, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Styrofoam Products

Styrofoam Convenience Comes At Environmental Cost, EPA Warns

July 28, 2026
Honourable Atta Issah, Member of Parliament for Sagnarigu

Governance Progress Takes Time To Deliver Results — Sagnarigu MP

July 28, 2026
ADB Begins Landmark Renovation and Enhancement of Iconic ADB House

ADB Begins Landmark Renovation and Enhancement of Iconic ADB House

July 28, 2026
IMF Flags Banking Risks Despite Ghana’s Progress

IMF Flags Banking Risks Despite Ghana’s Progress

July 28, 2026
International Organization for Migration

IOM Warns Hundreds of Thousands Trapped in Global Online Scam Networks

July 28, 2026
ADVERTISEMENT
Next Post
Minister of State in charge of Government Communications, Felix Kwakye Ofosu

Minority's Call to Sack AG Over GH¢350m Flood Fund Disbursement Baseless, Kwakye Ofosu

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.