The Supplementary Appropriation Act, 2007 (Act 747)

This section authorizes an additional appropriation of ¢5,663,000,000,000.00 from the Consolidated Fund for the purposes listed in the Act’s Schedule.

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Jurisdiction: Ghana
Instrument: Act or statute
Citation: Act 747
Version: Undated source snapshot
Language: en
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commencement government spending

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This section authorizes an additional appropriation of ¢5,663,000,000,000.00 from the Consolidated Fund for the purposes listed in the Act’s Schedule. This section says the Act is deemed to have come into force on 13 July 2006.

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Provisions of The Supplementary Appropriation Act, 2007 (Act 747)

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1
Supplementary appropriation for the financial year ending on the 31st December, 2006
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AI-assisted research summary: This section authorizes an additional appropriation of ¢5,663,000,000,000.00 from the Consolidated Fund for the purposes listed in the Act’s Schedule.

Section 1—Supplementary appropriation for the financial year ending on the 31st December, 2006 Pursuant to article 179 (8) and 179 (9) of the Constitution, an additional sum of (Five Trillion, Six Hundred and Sixty-three Billion Cedis) ¢5,663,000,000,000.00 shall be paid out of the Consolidated Fund for the purposes specified in the Schedule to this Act being the supplementary estimates laid before Parliament by the Minister responsible for Finance and approved by Parliament on the 13th day of July, 2006.
2
Commencement
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AI-assisted research summary: This section says the Act is deemed to have come into force on 13 July 2006.

Section 2—Commencement This Act shall be deemed to have come into force on the 13th day of July, 2006. SCHEDULE SCHEDULE 1 2006 Orig. Budget 3 Estimate 2006 New Budget Estimate 2006 Suppl. Budget Estimate Total Payments 38,972.9 43,468.2 5,663.0 Statutory Payments Eternal Debt Service Principal 1/ Interest13,993.2 4,537.4 3,473.1 1,064.3 13,993.2 4,537.4 3,473.1 1,064.3 0.0 0.0 0.0 0.0 Domestic Interest 2,426.8 2,426.8 0.0 District Assemblies Common Fund 1,204.3 1,204.3 0.0 Transfers to Households Persons Gratuities Social Security National Health Fund (NHF) 3,340.6 705.9 409.4 711.6 1,513.7 3,340.6 4 705.9 409.4 711.6 1,513.7 0.0 0.0 0.0 0.0 0.0 Education Trust Fund 1,386.3 1,386.3 0.0 Road Fund 1,068.9 1,068.9 0.0 Petroleum-related Fund 28.9 28.9 0.0 Discretionary Payments Personal Emoluments (MDAs-Item 1) Administration (MDAs-Item 2) Service (MDAs-Item 3) Domestic Investment (Item 4) (Excl. Statutory Funds) Net Lending New Loans Loan Recoveries 24,979.7 9,990.0 2,186.8 808.8 1,684.8 39.5 39.5 0.0 29,475.0 9,990.0 2,233.5 1,234.5 5 3,681.9 39.5 39.5 0.0 5,663.0 0.0 46.6 425.7 1,997.1 0.0 0.0 0.0 Foreign-financed Investment (Item 4) 6,251.8 8,062.7 1,810.0 Strategic Oil Stocks 145.0 145.0 0.0 VAT refunds 100.0 100.0 0.0 Outstanding Commitments Roads Non-roads 347.0 100.0 247.0 347.0 100.0 247.0 0.0 0.0 0.0 Utility Price Subsidies o’w TOR’s Under-recovery 0.0 0.0 805.0 805.0 805.0 805.0 6 Other Transfers Safety net for petroleum deregulation Lifeline consumers of electricity 350.0 250.0 100.0 350.0 250.0 100.0 0.0 0.0 0.0 HIPC-Financed Expenditure 1,822.1 1,822.1 0.0 Divestiture Liabilities 0.0 0.0 0.0 Repayment of Domestic Debt Banking Non-bank o/w Reduction due to HIP-fund debt buyback 1,167.7 0.0 0.0 455.5 0.0 0.0 0.0 455.5 0.0 0.0 0.0 0.0 Redemption of Deferred Interest Payments on Inflation-indexed Bonds 86.2 86.2 0.0 Discrepancy 0.0 577.6 577.7 Date of Gazette Notification: 4th January, 2008.

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The Supplementary Appropriation Act, 2007 (Act 747)

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