The Custodian Newspaper Online
No Result
View All Result
Tuesday, July 7, 2026
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • World
  • eStore
The Custodian Newspaper Online
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • World
  • eStore
No Result
View All Result
The Custodian Newspaper Online
No Result
View All Result
Home Business

Summon Ken On GH¢2.4Bn DACF Budget-Minority Urges Speaker

by John Kekeli
February 21, 2022
in Business, Featured, News
0
Minerals C’sion Debunks Reports On Transport Of Explosives

Mr Ken Ofori-Atta, Minister for Finance

153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The Minority in Parliament has appealed to the Speaker to direct the Business Committee to summon the Minister for Finance, Mr Ken Ofori-Atta to appear before the House to explain the status of the 2021 formula that Parliament approved.

Deputy Minority Whip in Parliament Ahmed Ibrahim last Friday raised concerns about the GH¢2.4 billion approved for the District Assemblies Common Fund (DACF) in 2021, which he said, has not yet been disbursed.

According to him, there has not been any transfer from the 2021 formula to the Administrator of the DACF account by the Minister for Finance

He pointed out that it is a new year and calls are mounting for the 2022 formula to be submitted to Parliament, and yet the 2021 disbursement is outstanding.

Mr Ahmed who is also the Member of Parliament (MP) for Banda raised the concern during presentation of the Business Statement for this week.

He bemoaned that three months after the 2022 budget was read, the formulas for the District Assemblies Common Fund (DACF), the Ghana Education Trust Fund (GETFund) and the National Health Insurance and Service Fund are yet to be brought to Parliament.

Mr Ahmed Ibrahim, Deputy Minority Whip in Parliament

According to him, by law, the formulae for these statutory funds have to be prepared and sent to Parliament for approval within three months after the reading of the budget.

“Mr. Speaker, it is not for nothing that these funds are called statutory funds. That is why I want to know from the Deputy Majority leader when the 2022 formulas will be programmed for the House.

“On 3rd March 2022, the President will be coming to this House with the State of the Nation Address, which will be debated and by the end of March this House will be preparing for adjournment.

“So, if we are within the three months and there is no indication as to when those formulas will be programmed for the House to consider, it is a worry,” he added.

He said the Ministry of Finance need to reconcile the accounts and show how much has been disbursed from the 2021 Formula before the 2022 formula will be presented to the House.

Disagreement on DACF payment

Meanwhile, a Deputy Minister for Finance, Mrs Abena Osei Asare has challenged the Deputy Minority Whip’s assertion and argued the Ministry has paid some amount to the Fund.

According to her, the 2021 1st and 2nd Quarter disbursement of the DACF has been done and only the 3rd Quarter is outstanding while the 4th Quarter will be due in March 2022.

“Mr. Speaker, this House is a House of records so let’s speak the truth. This is unbecoming, they go around and say all sorts of things but we don’t get the opportunity to comment.

“Ask your DACF administrator, and ask your MCE whether the whole of 2021 government did not release some money,” she stated.

  • Latest
  • Trending
Xenophobic Ghana Ramaphosa

Xenophobic: Ghana turns down Ramaphosa’s proposed visit

July 7, 2026
China death bribes

China sentences official to death for taking $325m in bribes

July 7, 2026
Belgium United States

Belgium crush United States 4-1 to reach quarter-finals

July 7, 2026
Newspaper Frontpages – Tuesday, 7th July, 2026

Newspaper Frontpages – Tuesday, 7th July, 2026

July 7, 2026
Headmaster Agbana Dzosec

Agbana slams Lobbyists trying to replace DZOSEC Headmaster

January 29, 2026
Dzosec Arrest Headmaster

DZOSEC: Audit Report Calls for Arrest of Former Headmaster

August 23, 2025
Newspaper Frontpages – Thursday, 29th January, 2026

Newspaper Frontpages – Thursday, 29th January, 2026

January 29, 2026
Newspaper Frontpages – Wednesday, 25th February, 2026

Newspaper Frontpages – Wednesday, 25th February, 2026

February 25, 2026

The CustodianGh Online’s vision is to become the most preferred go-to news brand in Ghana.

Contact Us

thecustodiangh@gmail.com

Popular Categories

  • News
  • Business
  • Politics
  • Sport
  • Arts & Showbiz
  • Tech

Archives

© 2025 The CustodianGh Online - All rights reserved.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • eStore

© 2025 The CustodianGh Online - All rights reserved.