The Finance Minister, Mr Ken Ofori-Atta, on Wednesday 28th October, 2020 presented the 2021 Expenditure in Advance of Appropriation from January to March, 2021, to Parliament.
The Finance Minister is seeking the house to approve an amount of GH¢27,434,180,520 (Twenty-Seven Billion, Four Hundred and Thirty-Four Million, One Hundred and Eighty Thousand, Five Hundred and Twenty Ghana Cedis) as Expenditure in Advance of Appropriation to carry on the services of government until the expiration of three months from the beginning of the 2021 Financial Year.
He also requested an approval for the issuance of sovereign bonds of US$3 billion with the option to increase it to US$5 billion should market conditions prove favourable.
Below is expenditure amount (GH¢)
1 Compensation of Employees 7,708,960,148
2 Use of Goods and Services 1,595,571,683
3 Interest Payments 7,002,221,941
4 Subsidies 259,087,194
5 Grants to Other Government Units 4,340,216,517
6 Social Benefits 41,271,000
7 Other Expenditure 813,610,025
8 Capital Expenditure 1,903,658,408
9 Arrears Clearance 350,000,000
10 Amortisation 3,419,583,605
APPROPRIATION 27,434,180,520
