Gov’t transferred GHS519m to 8 subvented agencies in 2018; GBC received GHS25m but spent GHS40m
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

Nigeria's commercial dispute involving Ghanaian firm raises bilateral trade concerns-UK Certified Customer Communication expert warns
21:31
GoldBod Jewellery, GTA launches December homecoming promotion for diaspora visitors
17:15
Global cocoa prices soared, but Ghanaian farmers gained little – Randy Abbey
15:40
GIPC CEO joins Vice President to open new sanitary pad production line
09:23
New job creation is still not fast enough to absorb new entrants – Statistical Service
08:58
Employment up 330,000 by Q3 2025, unemployment averages 12.8% – GSS
06:57
GOLDBOD Jewellery unveils festive Christmas and New Year collections
18:17
Importers and Exporters Association kick against planned introduction of AI system at Ghana's ports
11:47
TDC unveils vision for Oxygen City development in Ho
09:59
First Atlantic Bank PLC marks major milestone with oversubscribed IPO and upcoming GSE listing
08:51



