The Finance Minister, Dr. Mohammed Amin Adam, has formally written to Parliament requesting the release of GH₵500 million from the Contingency Fund.
The amount is to help deal with the growing threat of food insecurity caused by the dry spell in the Northern regions of Ghana.
His formal request comes after the government approved the allocation of a GH₵8 billion relief package aimed at supporting farmers affected by the crisis.
The letter from the Minister said “considering that we are eight (8) months into the implementation of the 2024 Budget and the proposed interventions are unplanned expenditure occasioned by a “force majeure”, Government cannot fund the request of GH¢8.36 billion solely from a reallocation of existing budget lines in the 2024 Budget.”
“In light of the foregoing, we write to request approval from the Finance Committee for the withdrawal of GH¢500 million from the Contingency Fund, in accordance with Article 177 subsection 1 of the 1992 Constitution, Section 36 subsection 1 of the Public Financial Management Act, 2016 (Act 921) as well as Section 227 subsection 1 of the Standing Orders of Parliament of Ghana.”
Below is the letter form the Minister to Parliament
By: Rainbowradioonline com/Ghana
