In accordance with paragraph (a) of clause (2) of article 179 of the 1992 Constitution, the parliament has passed appropriation in the sum of money not exceeding Two Hundred and Ninety-Three Billion, One Hundred and Eighteen Million, Twenty-Six Thousand, One Hundred and Thirty-Seven Ghana Cedis (GH¢293,118,026,137) to be issued from the Consolidated Fund and other public funds during the financial year commencing on the 1st day of January 2025 and ending on the 31st day of December 2025 and shall be used for the purposes specified in the First Schedule, which translates into the Third and Fourth Schedules representing Ministries, Departments and Agencies and Other Government Obligations with their programmes.
On the issue of Internally Generated Funds (IGF) under the Act, the Ministries, Departments, and Agencies listed in the first column of the Second Schedule may retain and use an amount of Thirteen Billion, Five Hundred and Seventy-Two Million, Seven Hundred and Seventy-One Thousand, Four Hundred and Ninety-Nine Ghana Cedis (GH¢13,572,771,499) indicated in the second column of the Second Schedule being a part of the total amount specified in section 1 during the financial year commencing on the 1st day of January 2025 and ending on the 31st day of December 2025.
When it comes to payment of money on authorization of the Minister responsible for Finance, the Finance Minister, Dr. Ato Forson said, “the Controller and Accountant-General may, on a warrant issued on the authority of the Minister responsible for Finance, pay out of the Consolidated Fund and other public funds during the financial year ending on the 31st day of December 2025 any sum not exceeding the sum of Two Hundred and Ninety-Three Billion, One Hundred and Eighteen Million, Twenty-Six Thousand, One Hundred and Thirty-Seven Ghana Cedis (GH¢293,118,026,137) referred to in section 1”.
In a memorandum written by the Finance Minister said the object of the Bill is to provide for an appropriation for the year 2025, “this is by the constitutional requirement under paragraph (a) of clause (2) of article 179 of the Constitution that, estimates of expenditure of public offices shall be included in an Appropriation Bill to be introduced in Parliament to provide for the issue of funds from the Consolidated Fund and other public funds to meet Government expenditure”.
“AN ACT to provide for the withdrawal of sums of money necessary to meet Government expenditure for the 2025 financial year, from the Consolidated Fund and other public funds and for related matters.
PASSED by Parliament and assented to by the President”.
