Skip to main content

MMDAs received GH¢5bn in 2025, up from GH¢362m in 2024 — Ahmed Ibrahim

 MMDAs, District Assemblies Common Fund

The Minister for Local Government, Chieftaincy and Religious Affairs, Ahmed Ibrahim, has disclosed that only GH¢362 million was released to Metropolitan, Municipal and District Assemblies (MMDAs) throughout 2024 by the District Assemblies Common Fund (DACF).

However, the Minister indicated that the situation improved remarkably in 2025, with a total of GH¢5 billion disbursed to assemblies across the country.

Speaking at the government’s Accountability Series on Monday, April 20, the Local Government Minister gave a structured quarterly distribution aimed at ensuring consistency and predictability in funding.

In the first quarter, GH¢790,372,058.40 was released, followed by GH¢1,464,983,309.60 in the second quarter.

The third quarter recorded GH¢1,188,921,640.80, while the fourth quarter saw the highest allocation of GH¢1,592,706,391.20.

The Minister explained that the increased and timely release of funds was tied to specific development obligations expected of all MMDAs.

These include the construction of at least two Community-based Health Planning and Services (CHPS) compounds, three classroom blocks, and ten boreholes in each district, as well as the completion of ongoing legacy projects.

In addition to these requirements, 25 percent of the Common Fund was earmarked for the development of 24-hour economy model markets, in line with government’s broader agenda to stimulate economic activity and create jobs at the local level.

Labels:

Comments

Post a Comment

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...
Post a Comment
Read more

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...
Post a Comment
Read more

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more