Tag: Bank of Ghana
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DACF Withdrawal Allegations: Minority Accuses Finance
Background: What is the DACF and why it matters The District Assemblies Common Fund (DACF) is a statutory pool of funds allocated to district assemblies for development projects and service delivery across Ghana. Managed by the Bank of Ghana and disbursed under the oversight of the Ministry of Finance and the Controller and Accountant General,…
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DACF Withdrawal Allegations: Minority Claims GH¢1.4B Unlawful
Overview of the Allegations The Minority in Parliament has raised serious concerns about the management of public funds, accusing the Minister of Finance and the Controller and Accountant General of unlawfully withdrawing GH¢1.4 billion from the District Assemblies Common Fund (DACF) account at the Bank of Ghana. Officials from the governing party have not publicly…