Finance Minister Dr Mohammed Amin Adam has formally requested the release of GH₵500 million from the Contingency Fund to address the growing threat of food insecurity caused by the drought in northern Ghana.
In a letter to Parliament’s Finance Committee, Dr Amin Adam explained that, with eight months already passed in the implementation of the 2024 Budget, the proposed interventions constitute unplanned expenditures due to a “force majeure.”
Consequently, the government cannot cover the GH¢8.36 billion required solely through reallocating existing budget lines within the 2024 Budget.
He further stated,
“In light of the above, we are seeking approval from the Finance Committee for the withdrawal of GH¢500 million from the Contingency Fund, in accordance with Article 177(1) of the 1992 Constitution, Section 36(1) of the Public Financial Management Act, 2016 (Act 921), and Section 227(1) of the Standing Orders of Parliament of Ghana.”
This request comes shortly after the government announced an GH₵8 billion relief package aimed at supporting farmers struggling with the devastating effects of the drought.
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