Government to kick start 'one million per constituency' project in August

Government to kick start 'one million per constituency' project in August

- Each constituency in the country will receive the funds in August

- The money would be used to finance the one-district, one-factory policy, among others

- A ten-member Cabinet-approved committee would, oversee the entire programme

Get the latest news on www.yen.com.gh

Information reaching YEN indicates that current government is about to kick start the fulfillment of its promise to provide one million dollars to every constituency.

Government to kick start 'one million per constituency' project in August

Ken Ofori-Atta, Minister of Finance & Economic Planning

The funds earmarked are expected to reach all constituencies within the first week of August this year.

The minister in charge of Special Development Initiatives, Hawa Koomson, indicted that seventy percent cash will be channeled to policies that were used as the basis for the 2016 electoral campaign.

That which is left, she said, will go into the provision of necessities for the constituencies.

A ten-member committee would be constituted, subject to the approval of Cabinet, to oversee the the project.

READ ALSO: Yvonne Nelson is upset with some Ghanaian companies

She added that the country will be segmented into three parts - the Northern Development Authority, Middle Belt Development Authority and the Coastal Development Authority, to ensure the feasibility of the project.

These sub committees will be coordinated by the Presidency so as to avoid financial impropriety.

Earlier this year, the Minister for Finance, Ken Ofori-Atta, revealed that party’s promise of 1 million dollars to every constituency, will serve as the basis for the implementation of the one district, one factory policy.

He added that government intends to reallocate capital expenditure towards the policy, despite concerns that the plan to cut taxes could hinder these efforts.

He further stated that, assessing Ghana’s current expenditure profile, 15 percent of the country’s revenue, which represents about GHc 1.6 billion, is diverted towards capital expenditure.

Do you have any stories to share with YEN? Get featured! Contact us on Facebook and email via info@yen.com.gh.

Related news

Pressure piles up on Nana Konadu Agyemang Rawlings to present proper books of accounts

Pressure piles up on Nana Konadu Agyemang Rawlings to present proper books of accounts

Pressure piles up on Nana Konadu Agyemang Rawlings to present proper books of accounts
YEN.com.gh
Mailfire view pixel