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Act 747

SEVEN HUNDRED AND FOURTH-SEVENTH

ACT

OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED

THE SUPPLEMENTARY APPROPRIATION ACT, 2008

AN ACT to provide for the withdrawal of sums of money from the Consolidated Fund for supplementary appropriation to meet government expenditure for the financial year ending on the 31st December, 2006.

DATE OF ASSENT: 4th January, 2008.

ENACTED by the President and Parliament.

Supplementary appropriation for the financial year ending on the 31st December, 2006

1. 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.

Commencement

2. This Act shall be deemed to have come into force on the 13th day of July, 2006.

Schedule

SCHEDULE 1

2006 Orlg. Budget Estimate

2006 Hew Budget Estimate

2006 Suppl. Budget Estimate

Total Payments	38,972.9	43,468.2	5,663.0
Statutory Payments	13,993.2	13,993.2		0.0
External Debt Service	4,537.4	4,537.4		0.0
Principal 11	3,473.1	3,473.1		0.0
Interest	1.064.3	1.064.3		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	3,340.6	3,340.6		0.0
Pensions	705.9	705.9		0.0
Gratuities	409.4	409.4		0.0
Social Security	711.6	711.6		0.0
National Health Fund (NHF)	1,513.7	1,513.7		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	24,979.7	29,415.0	5,663.0
Personal Emoluments (MDAs ltem 1)	9,990.0	9,990.0		0.0
Administration (MDAs -ltem 2)	2,186.8	2,233.5		46.6
Service (MDAs • Item 3)	808.8	1,234.5		425.7
Domestic Investment (Item 4) (Excl. Statutory Funds)	1,684.8	3,681.9		1,997.1
Net Lending	39.5	39.5		0.0
New Loans	39.5	39.5		0.0
Loan Recoveries	0.0	0.0		0.0
Foreign-financed Investment (Item 4)	6,251.8	8,062.7		1,810.9
Strategic Oil Stocks	145.0	145.0		0.0
VAT refunds	100.0	100.0		0.0
Outstanding Commitments	347.0	347.0		0.0
Roads	100.0	100.0		0.0
Non-roads	247.0	247.0		0.0
Utility Price Subsidies	0.0	805.0		805.0
oIw TOR's Under-recovery	0.0	805.0		805.0
Other Transfers	350.0	350.0		0.0
Safety net for petroleum deregulation	250.0	250.0		0.0
Ufeline consumers of electricity	100.0	100.0		0.0
~IPC-financed Expenditure	1,822.1	1,822.1		0.0
Divestiture Liabilities	0.0	0.0	.	0.0
Repayment of Domestic Debt	1,167.7	0.0		0.0
Banking	0.0	0.0		0.0
Non-bank	0.0	0.0		0.0
otw Reduction due to HIP-fio'd debt buyback	455.5	455.5		0.0
Redemption of Deferred Interest Payments on	86.2	86.2		0.0
Inflation indexed Bonds
Discrepancy	0.0	577.6		517.7