Ghana’s Parliament has approved the sum of about GH¢ 29.9 billion to be spent by government to cater for ‘Other Government Obligations’ and General Government Services in the 2016 financial year.
The chairman of the Finance Committee, James Klutse Avedzi, who moved the motion on the floor of the House, informed Parliament that the said amount would be used for nineteen (19) different activities, programmes and payments into statutory fund for the year 2016.
Mr. Avedzi also said that the beneficiaries of the approved amount included the Ghana Education Trust Fund (GETFund), Lifeline Consumers of Electricity, Road Fund, District Assemblies’ Common Fund (DACF), National Health Insurance Fund (NHIF), among others.
He further indicated that a provision of GH¢ 50,000,000 had been made for the payment of subsidies that would be in excess of what the cross subsidy in the petroleum price build-up catered for and subsidies on premix and residual fuels.
The chairman of the Finance Committee explained that government was maintaining its policy on premix fuel as part of its social intervention programme to alleviate the plight of members of the fishing communities.
The consideration and the presentation of the report on the ‘2016 Annual Budget Estimates of Other Government Obligations’ before Parliament, was in accordance with Article 179 of the 1992 Constitution and Orders 140(5) and 169 of Standing Orders of the House.