Ministries Departments and Agencies (Retention of Funds) Act, 2007 🇬🇭

Ghana

Republic of Ghana

The seven hundred and thirty-fifth

Act

of the parliament of the republic of ghana

entitled

Ministries Departments and Agencies (Retention of Funds) Act, 2007

Published by Government Gazette on 24 May 2007
Assented to on 18 May 2007
Commenced on 24 May 2007

AN ACT to authorise the generation and retention by Ministries, Departments and Agencies of a percentage of the moneys they realise in the course of the performance of their functions and to provide for related matters.

1. Retention of percentage of collections

(1)The preparation and submission of estimates and the reporting and accounting for them are subject to the Financial Administration Act, 2003 (Act 654).

(2)The retention of moneys is subject to the Financial Administration Act, 2003 (Act 654).

(3)Ministries, Departments and Agencies specified in the first column of the First Schedule shall retain out of the revenues and other moneys realised or received by them in the performance of their functions, the percentage spec…

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