{"id":3900,"date":"2024-08-28T21:13:22","date_gmt":"2024-08-28T21:13:22","guid":{"rendered":"https:\/\/sbmediaonline.com\/?p=3900"},"modified":"2024-08-28T21:13:23","modified_gmt":"2024-08-28T21:13:23","slug":"finance-minister-asks-for-gh%e2%82%b5500-million-from-contingency-fund-to-mitigate-drought-effects-%c2%b9","status":"publish","type":"post","link":"https:\/\/sbmediaonline.com\/?p=3900","title":{"rendered":"Finance Minister asks for GH\u20b5500 million from Contingency Fund to mitigate drought effects \u00b9."},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"408\" src=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/Dr-Mohammed-Amin-Adam-66cf92e3a06ea.jpg\" alt=\"\" class=\"wp-image-3903\" srcset=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/Dr-Mohammed-Amin-Adam-66cf92e3a06ea.jpg 700w, https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/Dr-Mohammed-Amin-Adam-66cf92e3a06ea-300x175.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p>Finance Minister, Dr Mohammed Amin Adam, has requested the approval of GH\u20b5500 million from the Contingency Fund.<\/p>\n\n\n\n<p>The amount is for implementing the Emergency Response Programme to address the impending food security crisis amidst the&nbsp;<a href=\"https:\/\/www.adomonline.com\/?s=dry+spell+\">dry spell<\/a>&nbsp;experienced in eight regions of Ghana.<\/p>\n\n\n\n<p>This was contained in statement signed by Dr Amin and addressed to the Finance Committee of Parliament.<\/p>\n\n\n\n<p>\u201cConsidering that we are eight (8) months into the implementation of the 2024 Budget and the proposed interventions are unplanned expenditure occasioned by a \u201cforce majeure\u201d, Government cannot fund the request of GH\u00a28.36 billion solely from a reallocation of existing budget lines in the 2024 Budget,\u201d the statement read in parts.<\/p>\n\n\n\n<p>The request follows President Akufo-Addo\u2019s directive for the Ministry to raise GH\u20b58 billion relief package to assist farmers.<\/p>\n\n\n\n<p>\u201cIn light of the foregoing, we write to request approval from the Finance Committee for the withdrawal of GH\u00a2500 million from the Contingency Fund, in accordance with Article 177 subsection 1 of the 1992 Constitution, Section 36 subsection 1 of the Public Financial Management Act, 2016 (Act 921) as well as Section 227 subsection 1 of the Standing Orders of Parliament of Ghana,\u201d it added.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"960\" src=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/WhatsApp-Image-2024-08-28-at-12.21.54-edited-1.jpeg\" alt=\"\" class=\"wp-image-3902\" srcset=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/WhatsApp-Image-2024-08-28-at-12.21.54-edited-1.jpeg 540w, https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/WhatsApp-Image-2024-08-28-at-12.21.54-edited-1-169x300.jpeg 169w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/figure>\n\n\n\n<p>This amount is expected to \u201ccomplement this withdrawal, as government is mobilizing support from Development Partners as well as realigning approved fiscal operations in the 2024 Budget.\u201d<\/p>\n\n\n\n<p>Meanwhile, the Minister for Food and Agriculture, Bryan Acheampong has announced an immediate ban on the export of key grains, including maize, rice, and soybean.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister, Dr Mohammed Amin Adam, has requested the approval of GH\u20b5500 million from the Contingency Fund. The amount is for implementing the Emergency Response [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3903,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3900"}],"version-history":[{"count":1,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3900\/revisions"}],"predecessor-version":[{"id":3904,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3900\/revisions\/3904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/media\/3903"}],"wp:attachment":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}