“For instance, an amount of US$13.52 million, which was wrongfully paid into GRA’s account in 2017 has only recently been transferred into the PHF as required by the PRMA, according to GRA. The practice re-occurred in 2019, though rectified in the same year. “This denies the PHF the needed resources for development financing. The recurring noncompliance in the reported expenditure of the MoF to the PRMA requirement to spend at least 70 percent of the ABFA on Public Investment Expenditure is another challenge,” it said. Other challenges it encountered within the period were the recurring noncompliance in the reported expenditure of the MoF to the PRMA requirement to spend at least 70 percent of the ABFA on Public Investment Expenditure, and, the implementation of the Law relates to the recurrence of unutilized ABFA.

Source: GhanaWeb July 18, 2021 18:22 UTC