Government cleared to spend ¢98bn in 2020

Parliament has by a majority decision approved 98 billion cedis from the consolidated fund to be spent by government in 2020.

The amount will be expended from the January 1, 2020 and ending December 31, 2020.

Despite concerns by the minority on some aspects of the appropriation, especially the 400 million cedis for the compilation of a new voters register by the EC, the house by a viva voce approved the appropriation Monday night after a marathon sitting.

Presenting the 2020 budget statement to parliament in November, the Finance Minister Ken Ofori-Atta wage bill is projected to consume 22.9 billion cedis, while 21.7 billion cedis will go to interest payment, goods and services for government operation will take 8.3 billion cedis while 9.3 billion cedis will go into capital expenditure.

Also, he said part of the money will go into funding of government flagship programmes and security as well as one-off financing of the 2020 presidential and parliamentary elections next year.