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Earmarked Funds Capping and Realignment (Amendment) Act, 2022 🇬🇭

Ghana
Coat of Arms
Republic of Ghana


The one thousand and eighty-eighth

Act

of the parliament of the republic of ghana
entitled

Earmarked Funds Capping and Realignment (Amendment) Act, 2022

  • Published by Government Gazette on 29 December 2022
  • Assented to on 29 December 2022
  • Commenced on 29 December 2022
AN ACT to revise the cap for Earmarked Funds and to provide for related matters.

1. Section 2 of Act 947 amended

The Earmarked Funds Capping and Realignment Act, 2017 (Act 947), referred to in this Act as the "principal enactment", is amended in section 2 by the substitution for paragraph (a), of"(a) provide a cap on the Earmarked Funds specified in the Schedule to ensure that tax revenue encumbered by the Earmarked Funds as a result of allocations is seventeen and a half percent of total tax revenue;".

2. Section 3 of Act 947 amended

The principal enactment is amended in section 3 by
(a)the substitution for subsection (1), of
"(1) The Minister shall ensure that the budgetary allocation(a) made in each year to the Earm…

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