Gov’t transferred GHS519m to 8 subvented agencies in 2018; GBC received GHS25m but spent GHS40m
Business
GBC
The government of Ghana transferred an amount of GHS519.00 million to eight subvented agencies in 2018, the 2018 State Ownership Report has disclosed.
The institutions include Ghana Broadcasting Authority, Ghana Highways Authority, the Ghana News Agency; and the Community, Water and Sanitation Agency.
The amount represented 31.17% of the budgeted amount (GHS395.64 million).
According to the report, the 2018 outturn of GHS392.97 million represents a significant increase of 106.50% and 182.88% over 2017 and 2016 figures of GHS190.30 million and GHS138.92 million, respectively.
The Ghana Highways Authority received the highest amount of GHS358 million though it spent GHS262 million.
GBC received GHS25.61 million but spent GHS40.11 million, whilst GNA received GHS5.03 million but spent GHS4.75 million.
The Ghana Metrological Service received GHS11.68 million and spent GHS9.67 million.
Source: classfmonline.com
Trending Business
NPA hosts second downstream compliance workshop to strengthen petroleum sector standards
11:23
GFZA CEO tours Tema Free Zone Enterprises to strengthen strategic partnerships
11:05
Finance Minister vows lasting economic stability and lower food prices in meeting with FABAG
08:46
Bawumia’s Gold for Reserve Programme is anchoring the Cedi – Kofi Bentil
13:27
DVLA opens new office in Adentan, CEO expresses gratitude to all stakeholders
08:27
President Mahama delivers on 24-hour economy promise within first 120 days
01:34
Gov't inaugurates task force to oversee establishment of Ghana’s national airline
13:57
NPA boss heaps praise on Finance Minister and BoG for stabilising Cedi, fuel prices
11:18
President Mahama sets $10 billion target for non-traditional exports by 2030
03:34
Hand over Saglemi housing project to TDC- Parliamentary Select Committee to gov't
04:51
