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
GLICO Group pays tribute to late Asantehemaa with support and condolence visit
11:23
Mahama directs purchase of glut tomatoes and onions from Asante Akim North farmers for SHS feeding
11:11
MASLOC to publish names of loan defaulters after final warning
10:34
Brazilian Ambassador pledges support for Ghana’s cocoa sector ahead of Afro-Brazil Festival 2025
08:07
Fisheries Commission engages stakeholders on Ghana’s first Inland Fisheries Management Plan
03:06
Regulatory costs threatens job creation, SME expansion in Ghana: ILAPI and FUNDALIB warn
13:13
GIPC pledges support to Guinness Ghana amid rising illegal imports
04:36
World Bank disburses $360m to support Ghana’s economic recovery and resilience
03:48
President Mahama: Nkoko Nketenkete project to launch in Oct
19:01
V/R: AGI marks 30 years with bold vision for 24-hour economy
13:48
