Close Menu
  • Science
  • feature
  • Video
What's Hot

Albert Dwumfour re-elected GJA President with 64% of votes

July 1, 2025

BoG integrates over 40 financial institutions into cybersecurity command centre

July 1, 2025

Ghana makes headway in over $750m Afreximbank debt standoff – Deputy Finance Minister

July 1, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Economy Times GhEconomy Times Gh
Subscribe
  • Science
  • feature
  • Video
Economy Times GhEconomy Times Gh
Home»Economy»Gov’t releases GH¢987m to District Assemblies Common Fund for Q1
Economy

Gov’t releases GH¢987m to District Assemblies Common Fund for Q1

AdminBy AdminJune 4, 2025No Comments2 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The government has disbursed GH¢987,965,730 to the District Assemblies Common Fund (DACF) as the first-quarter allocation for 2025, reinforcing its commitment to decentralisation and local governance.

Finance Minister Dr. Cassiel Ato Forson made the announcement while addressing Parliament on Tuesday, June 3.

He revealed that the transfer was executed on Monday, June 2, directly from the Consolidated Fund.

“As of yesterday, the DACF has received and we have transferred GH¢987,965,730 from the Consolidated Fund,” Dr. Forson told lawmakers.

He emphasized the statutory obligation for swift distribution, ensuring that 80 per cent of the allocated funds reach district assemblies without delay.

“The Administrator of the DACF is required to ensure that 80% of this amount is transferred directly to the district assemblies without fail. Expenditure returns must be submitted to the Ministry of Finance before any subsequent releases are made,” he stated.

Dr. Forson further urged Members of Parliament to actively monitor the use of these funds within their constituencies to guarantee accountability and adherence to cabinet-approved spending directives.

“Honourable Members of Parliament are encouraged to monitor the utilisation of these funds in their respective districts, in line with the directives approved by the cabinet of President John Dramani Mahama,” he added.

The timely disbursement is expected to support various developmental initiatives across Ghana’s districts, aiding efforts to enhance local governance and public services.

District Assemblies Common Fund Dr Cassiel Ato Forson
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Admin

Related Posts

BoG integrates over 40 financial institutions into cybersecurity command centre

July 1, 2025

Ghana makes headway in over $750m Afreximbank debt standoff – Deputy Finance Minister

July 1, 2025

GRA to roll out new tax measures from July 1 to boost revenue

July 1, 2025
Leave A Reply Cancel Reply

Top Posts

MTN Ayo Insurance fleeces customers

October 23, 202497

Eni welcomes withdrawal of unitisation directive

February 27, 202559

Ghana’s cocoa crisis deepens, 2024 half-year revenues crash by nearly $700 million

September 16, 202453

Using IT to fight galamsey: A sustainable approach

September 16, 202449
Don't Miss
General

Albert Dwumfour re-elected GJA President with 64% of votes

By AdminJuly 1, 20252

Incumbent President of the Ghana Journalists Association (GJA), Mr Albert Dwumfour, has been re-elected to…

BoG integrates over 40 financial institutions into cybersecurity command centre

July 1, 2025

Ghana makes headway in over $750m Afreximbank debt standoff – Deputy Finance Minister

July 1, 2025

GRA to roll out new tax measures from July 1 to boost revenue

July 1, 2025
Stay In Touch
  • Facebook
  • Twitter
Facebook X (Twitter) Instagram
  • Economy
  • feature
  • Life Style
  • Science
  • Video
© 2025 Economy Times Gh.

Type above and press Enter to search. Press Esc to cancel.