Parliament clears govt to spend GHC78bn for 2019

Parliament of Ghana has approved government’s proposed expenditure of GHS 78.7 billion for 2019.

The amount which was approved Saturday will be spent from the consolidated fund.

Out of the money approved, GHC18 billion ($3.6 billion) will go into interest payments of existing loans, GHC 22.8 billion ($4.6 billion) will be used for compensation of employees and GHC1.6 billion ($325.7 million) allocated for the National Health Insurance Scheme (NHIS).

Meanwhile, the Ministries, Departments, and Agencies (MDAs) will be allowed to keep and use GHC4.426 billion ($895.7 million) of Internally Generated Funds during 2019.

GHC40.617 billion of the approved spending would be used to pay for other government obligations.

This was announced in the Appropriation Bill, 2018.