Parliament okays GH¢29 billion for development projects 

Parliament has authorised government to utilize about 29-point-nine billion Ghana Cedis (GH¢29.9 billion) to cater for what is termed ‘other government obligations’ in the 2016 fiscal year.

The amount will be used for nineteen different activities, programmes and payments of some statutory funds for the year. 

Under the estimate for ‘Other Government Obligations’ about ten-point-four billion cedis (GH¢10.4 billion) will be used to retire some domestic and external interests on borrowed facilities. 

The House endorsed the figure when the Chairman of the Finance Committee, James Avedzi presented a report of the Committee for the approval of the estimate. 

The beneficiaries of the about GH¢2 billion allocation include the GETFund, National Health Insurance Fund, District Assemblies Common Fund and payments for pensions and gratuities. 

Mr. Avedzi explained that part of the said amount will also be used as petroleum subsidy in the petroleum price build-up that caters for premix and residual fuels. 

He said that government is maintaining its policy regime on premix fuel as part of its social intervention programmes to alleviate the plight of fishing communities across the country.

GBC