December 19, 2013

Parliament on Wednesday, prior to going on recess, passed the Appropriation Act for the 2014 financial year, committing a sum of GH¢36,170,983,663.00 from the Consolidated Fund for government to meet its financial obligations for the year.

This allocation is almost twice of the 2013 allocation of GH¢3,344,571,086.00.

The Appropriation Act also makes provision for the sum of GH¢6, 498,022,790.00 to be allocated to the District Assemblies Common Fund, Ghana Education Trust Fund, National Health Insurance Fund, Road Fund Petroleum related Fund and Transfers to the Ghana National Petroleum Corporation from the oil revenue in the 2014 financial year.

Earlier before the passage of the Act, the Finance Committee of Parliament urged the Finance Minister to ensure timely releases of these allocations since the Funds are committed to various projects and programmes, delays of which would have adverse effect on their smooth implementation and completion

The House is expected to reconvene on 28th January 2014 for the Fourth meeting of the Sixth Parliament.