• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, February 8, 2023
  • 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

District Assemblies Common Fund Rendered “impotent” by Government- Minority

October 21, 2021
Angeller AshongbyAngeller Ashong
in General News
0
Deputy Ranking Member on the Local Government Committee in parliament, Benjamin Kpodo, has disclosed that the District Assemblies Common Fund (DACF) has been rendered “impotent” by the Akufo-Addo led administration

Deputy Ranking Member on the Local Government Committee of parliament, Benjamin Kpodo.

Deputy Ranking Member on the Local Government Committee in parliament, Benjamin Kpodo, has disclosed that the District Assemblies Common Fund (DACF) has been rendered “impotent” by the Akufo-Addo led administration.

According to him, the situation isn’t a case where the DACF is “refusing” to give money to the districts. Mr Kpodo revealed that government has “persistently” deprived the DACF the needed fund for the discharge of its “constitutionally mandated” duties.  

Addressing the press today, October 21, 2021, on delays in the release of the common fund, Mr Kpodo noted that amounts due to the DACF were “underprovided” for and owed to the fund for 2017 and 2018.

RelatedPosts

Upward Tariff Adjustment And Reclassification Of Bottled Water and Beverage Category, Unfair- AmCham

Illegal Mining: The Menace Is Shameful, Painful And A National Disaster – Dr Henry Lartey

We Must Take Advantage Of National Chocolate Week Celebration To Increase Processing Of Cocoa Locally- Oppong Nkrumah

The Ho legislator, however, asserted that the debt was “partly settled” in 2020 with monies “borrowed” during the COVID-19 intervention period. Mr Kpodo explained that an amount of “GHC 144 million” was applied for settlement.

 “Indeed, the DACF is simply not working today, having been rendered impotent. The monies due to the fund have not been given to the fund to enable it to carry out its mandate as abundantly outlined by the constitution and the relevant Act”.

Mr Benjamin Kpodo

Government, Mr Kpodo expressed, had originally introduced the “earmarked funds capping and realignment Act”. Under this Act, he revealed that government had listed the common fund as funds that should be capped to “retain” funds for the “central government’s” spending.

Following this, Mr Kpodo indicated that the ministry of finance is refusing to “properly comply” with the directives of the apex court after its ruling on a case.

“Incomes from petroleum resources were already excluded from total revenues from which DACF monies could be computed. In June 2019, the Supreme Court in the case of Benjamin Kpodo and Richard Quashigah versus Attorney General ruled that as a constitutional creation, the DACF could not be capped. And that the receipts from the petroleum sources should be included in the total revenues when computing funds due to the DACF”.

Mr Benjamin Kpodo
Minority demands monies paid to DACF

Demanding payment of monies into the fund, Mr Kpodo asserted that the ministry of finance deducts certain amounts from the total revenue before computing the 5% of the balance for the DACF. He alleged that these revenues are “ceded to GNPC and GRA”.

“These are also agencies of state just like other MMDAs. So, their budgetary allocation should be made after the constitutional 5% is provided for, for the DACF. We consider this practice as a ploy to reduce the amount due to the DACF. We ask the ministry of finance to provide the constitutional 5% of total revenues to DACF before making budgetary allocations to all MMDAs”.

Mr Benjamin Kpodo

According to Mr Kpodo, the local governance Act, “Act 963 of 2016”, suggests that monies accruing to the District Assemblies Common Fund shall be distributed among all the districts on the basis of a formula approved by parliament.

He insisted that the Act “reiterates” the constitutional provisions and gives greater details of how the constitutional provision should be implemented.

“Further to these provisions, the supreme court of Ghana has given orders as to what constitutes total revenue of Ghana and what monies is to be paid into the fund. The purpose of this press conference is to highlight and to reveal… the malfunctional status of District Assemblies Common Fund. And the suspected misapplication of the constitutionally created fund by the government of Nana Addo Dankwa Akufo-Addo and Dr Bawumia”.

Mr Benjamin Kpodo

Read Also: Raise Capital from GFIM to Bridge Infrastructure Finance Gap – GSE to Gov’t

Tags: District Assemblies Common FundGhana NewsGNPCGRAMinority in Parliment

Related Posts

Upward Tariff Adjustment And Reclassification Of Bottled Water and Beverage Category, Unfair- AmCham
General News

Upward Tariff Adjustment And Reclassification Of Bottled Water and Beverage Category, Unfair- AmCham

February 8, 2023
Illegal Mining: The Menace Is Shameful, Painful And A National Disaster – Dr Henry Lartey
General News

Illegal Mining: The Menace Is Shameful, Painful And A National Disaster – Dr Henry Lartey

February 8, 2023
The first thing to look at is the person’s track record- Information Minister
General News

We Must Take Advantage Of National Chocolate Week Celebration To Increase Processing Of Cocoa Locally- Oppong Nkrumah

February 8, 2023
Put Okudzeto Ablakwa In Prison For Contempt – Rev. Kusi-Boateng
General News

Put Okudzeto Ablakwa In Prison For Contempt – Rev. Kusi-Boateng

February 8, 2023
Arise Ghana: Free Market Policy Has Made Africa, Ghana, The Laughing Stock Of The World - Economist
General News

Arise Ghana: Free Market Policy Has Made Africa, Ghana, The Laughing Stock Of The World – Economist

February 8, 2023
Asawase Muslims Rain Special Prayers On Muntaka’s Head
General News

‘The Lord Is Your Shepherd’, Babgin To Haruna Iddrisu

February 8, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Lil Nas X Honored with His Own Day in Atlanta

Next Post

Global FDI Records $852 billion, Low-Income Countries see 9% Decline- UNCTAD

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Low Optimism In Ghana’s Investment Environment
Vaultz Business

Low Optimism In Ghana’s Investment Environment

by Gifty BansahFebruary 8, 2023
Upward Tariff Adjustment And Reclassification Of Bottled Water and Beverage Category, Unfair- AmCham
General News

Upward Tariff Adjustment And Reclassification Of Bottled Water and Beverage Category, Unfair- AmCham

by Angeller AshongFebruary 8, 2023
Oil Giant BP Sees Biggest Profit In 114-Year History
Extractives/Energy

Oil Giant BP Sees Biggest Profit In 114-Year History

by Stephen M.CFebruary 8, 2023
Akufo-Addo Was Not Happy With My Decision To Contest – Kennedy Agyapong
Uncategorized

Akufo-Addo’s Name Should Be In The Guinness Book Of Records – Peter Akwasi Mensah

by Samuel Yeboah OtibuFebruary 8, 2023
Illegal Mining: The Menace Is Shameful, Painful And A National Disaster – Dr Henry Lartey
General News

Illegal Mining: The Menace Is Shameful, Painful And A National Disaster – Dr Henry Lartey

by Emmanuel SarpongFebruary 8, 2023
Zelenskyy To Visit UK For First Time Since Russia’s Invasion
Europe

Zelenskyy To Visit UK For First Time Since Russia’s Invasion

by Comfort AmpomaaFebruary 8, 2023
Low Optimism In Ghana’s Investment Environment
Upward Tariff Adjustment And Reclassification Of Bottled Water and Beverage Category, Unfair- AmCham
Oil Giant BP Sees Biggest Profit In 114-Year History
Akufo-Addo Was Not Happy With My Decision To Contest – Kennedy Agyapong
Illegal Mining: The Menace Is Shameful, Painful And A National Disaster – Dr Henry Lartey
Zelenskyy To Visit UK For First Time Since Russia’s Invasion
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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 © 2021 The Vaultz News. All rights reserved.

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