consolidated fund.cdr - Ghana Audit Service

REPUBLIC OF GHANAREPUBLIC OF GHANA

REPORT OF THE AUDITOR-GENERAL

THE PUBLIC ACCOUNTS OF GHANA

(CONSOLIDATED FUND) FOR THE YEAY ENDED

31 DECEMBER 2015

REPORT OF THE AUDITOR-GENERAL

THE PUBLIC ACCOUNTS OF GHANA

(CONSOLIDATED FUND) FOR THE YEAY ENDED

31 DECEMBER 2015

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This report has been prepared under Section 11of the Audit Service Act, 2000 for presentationto Parliament in accordance withSection 20 of the Act.

Richard QuarteyAuditor-GeneralGhana Audit Service14 September 2016

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© Ghana Audit Service 2016

REPORT of the AUDITOR–GENERAL on the PUBLIC ACCOUNTS OF GHANA (CONSOLIDATED FUND) FOR THE YEAR ENDED 31 DECEMBER 2015 i

Ref. No. AG. 01/109/Vol.2/93

Office of the Auditor-General

Ministries Block ‘O’ P. O. Box MB 96

Accra

Tel. (021) 662493 Fax (021) 662493

14 September 2016

Dear Mr Speaker,

REPORT OF THE AUDITOR–GENERAL ON THE PUBLIC ACCOUNTS OF GHANA (CONSOLIDATED FUND)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015

In accordance with Article 187(5) of the Constitution of the Republic of

Ghana and Section 23(1) of the Audit Service Act 2000 (Act 584), I have the

honour to present my report on the Public Accounts of Ghana (Consolidated

Fund) for the year ended 31 December 2015 to be laid before Parliament.

2. The report highlights the outcomes of the financial statements which

comprise mainly the Balance Sheet, Revenue and Expenditure Statement,

Receipts and Payments Statements, Cash Flow Statement and the supporting

schedules, with a view to expressing an opinion on the accounts.

3. In my opinion, except for the significant issues raised in paragraph 93 of

this report, the financial statements give a true and fair view of the financial

position of the Government of Ghana as at 31 December 2015 and the results of

its operations, cash flow and financial requirements for the year then ended.

TRANSMITTAL LETTER

REPORT of the AUDITOR–GENERAL on the PUBLIC ACCOUNTS OF GHANA (CONSOLIDATED FUND) FOR THE YEAR ENDED 31 DECEMBER 2015 ii

The accounts however, are in accordance with the stated accounting policies of

the Government of Ghana.

4. I acknowledge the cooperation and assistance provided to the Audit

Service by the Ministry of Finance, Controller and Accountant-General and

Heads of Ministries, Departments and Agencies during the audit.

5. Once more, I also acknowledge the efforts and commitment of my staff

in conducting the audit and reporting to Parliament.

Yours sincerely RICHARD Q. QUARTEY AUDITOR-GENERAL THE RT. HON. SPEAKER OFFICE OF PARLIAMENT PARLIAMENT HOUSE ACCRA

REPORT of the AUDITOR–GENERAL on the PUBLIC ACCOUNTS OF GHANA (CONSOLIDATED FUND) FOR THE YEAR ENDED 31 DECEMBER 2015 iii

Contents

Acronyms and Abbreviations …………………………………………………...ii

Introduction ……………………………………………………………………….1

Summary of findings………………………………………………………………. 4

Ineffective recovery of GoG loans ……………………………………………….4

Inconsistencies in reporting loan receivables …………………………………..4

Undisclosed GoG on-lending loans ……………………………………………. 4

Payments outside the GIFMIS system …………………………………………..5

Poor management of non-tax revenue by Commercial banks ………………..5

Understatement of ABFA receipt ………………………………………………. 5

Understatement of external debt balance……………………………………… 6

Delays in crediting budget support receipt…………………………………… 6

Details of findings…………………………..……………………………………....7

Ineffective recovery of GoG loans……………………………………………… .7

Inconsistencies in reporting loan receivables………………………………….. 8

Undisclosed GoG on-lending loans…………………………………………….. 9

Payments outside the GIFMIS system ………………………………………...10

Poor management of non-tax revenue by Commercial banks………………12

Delays in transfer of NTR……………………………………………………….13

Understatement of ABFA receipt……………………………………………… 14

Understatement of external debt balance…………………………………….. 15

Understatement of external debt receipts…………………………………….. 16

Delays in crediting budget support receipts…………………………………. 17

Financial Analysis on the 2015 Financial Statements…………………………18

Audit opinion …………………...…….………………………………………….... 19

Acknowledgement………………………………………………………………….21

REPORT of the AUDITOR–GENERAL on the PUBLIC ACCOUNTS OF GHANA (CONSOLIDATED FUND) FOR THE YEAR ENDED 31 DECEMBER 2015 iv

Acronyms and Abbreviations

ABFA Annual Budget Funding Amount ADF African Development Fund AOM Audit Observation Memorandum BBP Barclays Bank Plc BoG Bank of Ghana BTA Bank Transfer Advice CAG Controller and Accountant General CAGD Controller and Accountant General Department CF Consolidated Fund CS-DRMS Commonwealth Secretariat Debt Recording and Management

System DACF District Assemblies Common Fund DMD Debt Management Division EFT Electronic Fund Transfer ERM External Resource Mobilization FAA Financial Administration Act, 2003 (ACT 654) FAR Financial Administration Regulations, 2004 (LI 1802) GoG Government of Ghana GIFMIS Ghana Integrated Financial Management and Information System GRA Ghana Revenue Authority GCB Ghana Commercial Bank IGF Internally Generated Fund INTOSAI International Organization of Supreme Audit Institution MDAs Ministries, Departments and Agencies MoF Ministry of Finance PDI Public Debt and Investment PID Public Investment Division PIU Project Implementation Units NTR Non Tax Revenue VAT Value Added Tax AFC African Finance Corporation ABFA Annual Budget Funding Amount SOEs State Owned Enterprises SMEs Small and Medium Enterprises PIMS Public Information Management System GBEs Government Business Enterprises SIP Social Intervention Programme GIIF Ghana Infrastructure Investment Fund

REPORT of the AUDITOR–GENERAL on the PUBLIC ACCOUNTS OF GHANA (CONSOLIDATED FUND)

FOR THE YEAR ENDED 31 DECEMBER 2015 1

REPORT OF THE AUDITOR–GENERAL ON THE PUBLIC ACCOUNTS OF GHANA (CONSOLIDATED FUND)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015

Introduction

1. The Controller and Accountant-General (CAG) is mandated under

Sections 41(1b & 2) and 44(1) of the Financial Administration Act (FAA), 2003

(Act 654), to prepare and submit to the Auditor-General for examination, the

annual financial statements on the Public Accounts of Ghana. The financial

statements comprise the following:

Statement of Assets and Liabilities (Balance Sheet)

Statement of Revenue and Expenditure

Statement of Receipts and Payments

Cash Flow Statement (which discloses the results of cash

transactions on the Consolidated Fund (CF) during the year)

Notes to the accounts

Functional classification of expenditure by items and heads

Summary of expenditure by heads and items

Analyses of the position of public debts, grants, public loans

funded from the CF, deposits, advances, equity investments,

Annual Budget Funding Amount (ABFA), and Social Intervention

Programme (SIP) Funds

Audit objectives

2. Section 15 of the Audit Service Act, 2000 (Act 584) requires that I

examine the Financial Statements and certify whether in my opinion, the

statements present fairly financial information on the accounts in accordance

with accounting policies of Government and consistent with statements of the

preceding year in accordance with best international practices. I am also



required to state any reservation or make any comment that I consider

necessary.

Audit scope and methodology

3. The audit covered transactions/events in 2015 which impacted on the

CF. Our review of these transactions/events was carried out taking into

consideration relevant provisions of the 1992 Constitution, the FAA, 2003 (Act

654), enabling enactments on statutory funds and other statutes and

regulations. The audit focused mainly on processes followed by the Controller

and Accountant General’s Department to capture transactions/events for the

preparation of the Public Accounts of Ghana (Consolidated Fund).

4. To satisfy the audit objectives, the control environment within which

the transactions/events were effected was assessed. This assessment included

the review of applications controls and data integrity of the GIFMIS system to

gain assurance on the adequacy and consistency with government business

processes as redefined. Inherent risks associated with significant transactions

and events were also assessed with the aim of evaluating the adequacy of

managements’ responses to these risks. On the basis of the outcome of these

reviews, I evolved and executed audit procedures which, in my view were

necessary to minimise audit risks. Systems supporting transactions/events

were also reviewed and substantive tests as appropriate were undertaken.

5. The outcome of my reviews were discussed with respective desk

officers and their supervising officers, whose responses were considered in

arriving at my conclusions. Observations derived from the reviews were

communicated to the CAG through Audit Observation Memoranda (AOM).

The responses obtained on the AOM were evaluated and, where necessary,

incorporated in this report.



6. I wish to state that the matters raised in this report were the significant

issues noted during the audit. The audit was directed primarily at giving an

opinion on the Financial Statements of the Public Accounts (Consolidated

Fund) for the year ended 31 December 2015. As a result, comments on systems

and internal controls in this report may not be exhaustive.

7. Mr Speaker, pursuant to Section 15 of Act 584, my office has reviewed

the annual financial statements on the Public Accounts of Ghana for the year

ended 31 December 2015. In compliance with Section 44(1) of Act 654 and

Section 23 of the Audit Service Act, 2000 (Act 584), I hereby present my report

on the Financial Statements for the year ended 31 December 2015.



Summary of significant findings and recommendations

Ineffective recovery of GoG loans

8. I noted that six institutions with a total debt of GH¢1.29 billion,

representing 83% of the total loan recoverable of GH¢1.56 billion have not

been servicing their debts over the past 10 years although they are still

operating.

9. I recommended that effective mechanisms should be put in place by

DMD and PDI to ensure prompt recovery of GoG loans on their due dates into

the designated debt recovery accounts.

Inconsistencies in reporting loan receivables

10. I noted some inconsistencies between the amounts reported as loan

receivables and balances confirmed by two State institutions resulting in a net

overstatement of GH¢151.5 million.

11. I urged the PDI of CAGD and the DMD of MoF to reconcile their ledger

balances with the affected institutions to ensure that the loan balances are

accurately reported.

Understatement of GoG on-lending loans

12. My review of a sample of on-lending Agreements disclosed that,

recoverable GoG Loan amounting to EUR 51.9 million and US$43.1 million

were not captured in the 2015 Public Accounts.

13. I recommended that all Loans and their Subsidiary Agreements that

translate into on-lending loans should be tracked and accounted for through

the CSDRMS by the DMD. I also urged key stakeholders to share information



relating to these facilities and perform periodic reconciliation on all on-

lending loans.

Payments outside the GIFMIS system

14. My review of sampled GoG transactions disclosed that, payments

totalling GH¢351.3 million were made by MoF to some contractors on behalf

of some MDAs outside GIFMIS contrary to previous audit recommendation.

15. I again advised MoF to desist from the practice and ensure that all

transactions relating to the Consolidated Fund are processed through GIFMIS.

Delay in the transfer of non-tax revenue by Commercial banks

16. My review of management of NTR by the commercial banks indicated

that, some banks delayed between 2 to 16 days after the agreed 48 hours,

before transferring their collections into the Consolidated Fund.

17. I recommended that, the outstanding amounts with the banks should be

transferred to the Consolidated Fund without further delay and interest

calculated and charged for the period of delay against the banks that

defaulted.

Understatement of external debt balance

18. Our review of the External Debt for the year ended 31 December 2015

disclosed that, loans received from 18 creditor institutions were misstated by

PDI, resulting in an understatement of the external debt balance by GH¢1.16

billion in the Public Accounts.



19. I recommended that, DMD should regularly communicate the updates

of the External Debt receipts and balances to PDI and also urged CAG to

restate the External Debt balance to reflect the true Debt position of the State.

Delays in crediting budget support receipts

20. I noted that BoG delayed for over 26 months before crediting the CF

with GBP 3,691,430 it received on behalf of Government from the UK

Government for the Ghana Poverty Reduction Budget Support Capacity

Building.

21. I urged CAGD to constantly monitor its accounts with BoG to ensure

that donor Budget support inflows are promptly credited to the CF.



DETAILS OF FINDINGS AND RECOMMENDATIONS

Ineffective recovery of GoG loans

22. My review of the 2015 Public Accounts showed an amount of

GH¢1,558,170,259.00 as balance on GoG Loan recoverable. I noted that, the

loans have been non-performing because some of the Debtors are defunct

State Owned Enterprises (SOEs) and liquidated companies.

23. I however, observed that the six institutions listed below, with a total

debt of GH¢1,285,555,385.00, representing 83% of the total loan recoverable of

GH¢1,558,170,259.00 have not been servicing their debts over the past 10 years

although they are still operating.

24. I also observed from the MoF records that though some recoveries were

made from the VRA, GWCL and ECG, these were not communicated to

CAGD to update their ledgers, as reflected in the table below.

No. Debtor Company Amount (GH¢)

Amount Paid (GH¢)

Outstanding Balance (GH¢)

Unreflected recoveries (GH¢)

1. Volta River Authority 218,470,000 Nil 218,470,000 100,000

2. Ghana Water Co. Ltd. 118,833,339 Nil 118,333,339 3,504,538

3. Electricity Co. Ltd 180,599,000 2,000,000 178,599,000 2,000,000

4. Tema Oil Refinery 70,704,016 Nil 70,704,016 -

5. Ghana National Petroleum

10,870,959 Nil 10,870,959 -

6. Vodafone 686,578,071 Nil 686,578,071 -

Total 1,285,555,385 1,283,555,385

25. Considering the poor rate of recovery, I am of the view that MoF and

CAGD are not managing these loans properly.

26. The incidence of non-performing Loans affects the ability of GoG to

extend loan facilities to other SOEs to enable them expand and improve their

operations.



27. I recommended that effective mechanisms should be put in place by

DMD and PDI to ensure prompt recovery of GoG Loans on their due dates

into the designated debt recovery accounts.

Management response

28. CAG indicated that a Committee has been set up to reconcile and

recover all government receivables. The amounts owed by defunct companies

are being compiled for possible write-off.

Inconsistencies in reporting loan receivables

29. I noted from my sampled debtor circularisation that, there were

inconsistencies in the amount reported as loan receivables as against the

confirmed balances from two State institutions resulting in a net

overstatement of GH¢151,481,016.67 as shown in the Table below:

Company Amount

Disclosed (A) GH¢

Circularisation (B) GH¢

Difference (A)- (B) GH¢

Remarks

State Gold Mining Corporation

140,430.00+ 144,249,402

15,412,693.00 128,977,139.00 Overstatement

Ghana Rubber Estates Ltd

32,814,033.00 10,310,156.33 22,503,876.67 Overstatement

Net Overstatement 151,481,016.67

30. Failure of CAGD to regularly monitor and update the loan receivable

records accounted for these discrepancies.

31. I therefore urged the PDI of CAGD and the DMD of MoF to reconcile

their ledger balances with the affected institutions to ensure that the loan

balances are restated to reflect the true state of affairs.

Management response

32. The figures have been reconciled with that of the Corporations and

have been restated in the Financial Statements.



33. Our checks disclosed that the figures have not been restated.

Understatement of GoG on-lending loans

34. GoG embarked on a number of on-lending facilities in the form of Loan

to Loan and Grant to Loan aimed at bailing-out State Own Enterprises and

boosting growth in the private sector.

35. In practice, DMD of the MoF captures and reports all the On-lending

loans to beneficiary Institutions on the CS-DRMS based on signed

Agreements. The PDI of CAGD is to receive copies of these Agreements and

maintain a ledger on these on-lending loans to track recovery and report in

the Public Accounts as required by Regulations 134 and 138 of the FAR, 2004.

36. My sample review of these Agreements disclosed that due to failure on

the part of PDI unit of CAGD to monitor and track these facilities, recoverable

GoG Loan amounting to EUR 51,933,855 and US$43,120,000 were not captured

in the 2015 Public Accounts. Details of the on-lending loans are shown below:

No. Source of Loan Date

Signed Beneficiary Institutions

Amount (USD)

Amount (EUR) Purpose

1.

Italian Government Phase 1 2003

29 Small and Medium Enterprises

10,000,000

Ghana Private Sector Development

2.



10,000,000


3.



10,000,000


4.

International Development Association 2005

Volta River Authority

43,120,000

-

Coastal Transmission backbone Project

5. KfW-Germany 2012 5 PFI-Farmer groups

10,000,000 Outgrower value chain facility

6. KBC Bank 2015 GRIDCO

11,933,885

For the Kpando-Kadjebi transmission line development

Total

43,120,00

0 51,933,855



37. In my view, failure of DMD to effectively utilize the CSDRMS to

facilitate the tracking of all On-lending Agreements initiated by MoF largely

accounted for this condition.

38. I also attribute this to ineffective collaboration, information sharing and

reconciliation processes among the DMD, PDI and BoG.

39. Considering the significance of the amounts and their impact on the

reported balance, I am unable to ascertain the completeness of all transactions

making up GoG On-lending.

40. To ensure consistency and credibility of reporting on-lending facilities, I

recommended that all Loans and their Subsidiary Agreements that translate

into on-lending loans should be tracked and accounted for through the

CSDRMS by DMD.

41. I also urged all key stakeholders to share information relating to these

facilities and perform periodic reconciliation on all on-lending loans.

Management response

42. CAG accepted my recommendation for disclosure and explained that

the planned upgrade of the CSDRMS to improve tracking of all on-lending

Loan Agreements delayed due to licensing issues and indicated that this is

expected to be resolved by the close of 2016.

Payments outside the GIFMIS system – GH¢351.3m

43. Notable among the reforms in the Public Financial Management system

is the introduction of GIFMIS which serves as the platform for cash and

treasury management, purchase ordering, payments, commitment control and

reporting on the Consolidated Fund.



44. I however, noted that GoG continued to transact business outside the

GIFMIS platform despite my audit recommendation in 2014 and the assurance

of CAG to discontinue the practice.

45. My review of sampled GoG transactions showed that, payments

totalling GH¢351,347,884.09 were made by MoF to some contractors on behalf

of six MDAs outside GIFMIS. Details are shown in the table below:

MDA Amount (GH¢)

Ghana Highway Authority 60,870,343.53

Department of Feeder Roads 54,714,651.63

Department of Urban Roads 75,543,566.60

Office of Government Machinery 29,370,784.90

Ministry of Water Resources Works and Housing

80,583,767.11

Ministry of Power 50,264,770.32 Total 351,347,884.09

46. In view of this I could not confirm the completeness of the transactions

disclosed in the Consolidated Fund considering the materiality of the

payments involved.

47. To avoid budget overruns, I again advise MoF to desist from the

practice and ensure that all transactions relating to the Consolidated Fund are

processed through the GIFMIS System.

Management response

48. The CAG explained that the business processes under the GIFMIS

recognizes two ways of making payments on the platform. The ex-Ante

method where transactions are directly processed on the system using the

Procure to Pay business process and the ex-Post method where transactions

are paid and subsequently journalized into GIFMIS.



49. CAG added that as the GIFMIS is still at its developmental stage, it is

not practicable to process all transactions ex-Ante hence the use of ex-Post for

the stated transactions but indicated that systems are being developed to

minimize the use of the ex-Post method and eventually deploy the ex-Ante

approach to cover all transactions.

Audit position

50. I am of the opinion that as all MDAs have been fully deployed on the

GIFMIS and the payments noted above were not payments for emergencies,

there is no reasonable excuse for processing payments outside the system.

Delay in the transfer of non-tax revenue by commercial banks

51. In order to improve the system and accounting for collection of Non-tax

revenue from the MDAs, MoF has signed agreements with some commercial

banks to provide on-site banking services to these Institutions. Per the

agreement, the commercial banks are to lodge collections into the Institutions’

Non-tax Revenue Holding accounts with Bank of Ghana within 48 hours.

52. My review of management of NTR by the commercial banks indicated

that, a total amount of GH¢4,553,469.51 collected and paid into the transit

accounts with Eco-Bank and Fidelity Bank were not transferred to BoG within

the 48 hours deadline.

53. I noted that the banks delayed between 2 to 16 days after the agreed 48

hours, before transferring their collections into the Consolidated Fund. Details

are shown below.



Delays in transfer of NTR

MDA Period Collected

Date Transferred

Amount (GH¢)

Days Delayed Bank

DVLA 30/12/2014 5/1/2015 127,185.00 3 Eco-Bank

31/12/2014 6/1/2015 74,611.30 3 Eco-Bank

2/1/2015 7/1/2015 150,256.20 3 Eco-Bank

24/12/2014 7/1/2015 3,638.00 12 Eco-Bank

22/12/2014 7/1/2015 5,784.25 12 Eco-Bank

8/1/2015 14/1/2015 72,556.00 5 Eco-Bank

14/1/2015 20/01/2015 63,427.00 3 Eco-Bank

26/1/2015 30/1/2015 18,207.00 3 Eco-Bank

5/2/2015 11/2/2015 53,504.10 3 Eco-Bank

6/2/2015 11/2/2015 43,606.70 4 Eco-Bank

12/2/2015 17/2/2015 41,146.83 4 Eco-Bank

2/10/2015 20/2/2015 6,264.00 16 Eco-Bank

20/02/2015 27/2/2015 7,735.00 5 Eco-Bank

26/02/2015 3/3/2015 47,368.00 4 Eco-Bank

27/02/2015 4/3/2015 48,006.30 3 Eco-Bank

4/3/2015 10/3/2015 47,004.15 4 Eco-Bank

5/3/2015 11/3/2015 56,614.00 3 Eco-Bank

12/3/2015 17/3/2015 50,717.80 3 Eco-Bank

2/1/2015 18/1/2015 40,009.00 16 Eco-Bank

Registrar General 2/01/2015 19/1/2015 43,452.51 16 Fidelity Bank

21/01/2015 2/2/2015 72,289.31 12 Fidelity Bank

2/2/2015 9/2/2015 97,538.99 6 Fidelity Bank

19/02/2015 25/02/2015 139,299.78 5 Fidelity Bank

26/02/2015 9/3/2015 2,746,494.31 10 Fidelity Bank

2/4/2015 7/4/2015 81,189.91 4 Fidelity Bank

8/5/2015 15/05/2015 59,188.04 5 Fidelity Bank

1/6/2015 5/6/2015 85,416.81 4 Fidelity Bank

5/6/2015 10/6/2015 58,686.36 4 Fidelity Bank

10/6/2015 17/06/2015 74,663.18 6 Fidelity Bank

18/08/2015 26/08/2015 137,609.68 6 Fidelity Bank

4,553,469.51

54. I also noted that, two Banks failed to transfer a total amount of

GH¢993,194.62 collected on behalf of Veterinary Services Division at the end

of the 2015 financial year. The table below shows the details.

MDA Commercial Bank

Amount Collected

(GH¢)

Amount Transferred

(GH¢)

Outstanding Amount (GH¢)

Veterinary Services GCB 1,367,386.40 858,437.40 508,949.00

Veterinary Services HFC 2,162,059.22 1,677,813.60 484,245.62

Total 3,529,445.62 2,536,251.00 993,194.62



55. This irregularity was attributable to poor monitoring of the activities of

the Banks by the MDAs.

56. I therefore recommended that, the outstanding amounts with the two

banks should be transferred to the Consolidated Fund without further delay. I

also recommended that, interest should be calculated and charged for the

period delayed by the banks and pay same into the Consolidated Fund.

Management response

57. Letters have been written to the banks demanding payment of interest

on the delayed transfers of revenue.

58. Revenue monitoring conducted during the first quarter of 2016 have

shown that, the MDAs are complying in the submission of their returns and

are also ensuring early transfer of the revenue by the Commercial Banks.

Understatement of external debt balance – GH¢1.16 billion

59. GoG under various agreements receives loans from its Development

Partners for various developmental projects in the country. The Debt

Management Division (DMD) of Ministry of Finance is responsible for the

management of Public loans with respect to disbursement, repayment and

cancellation. Public Debt Investment (PDI) Unit of CAGD also relies on data

from DMD in the preparation of the Public Accounts.

60. My review of the External Debt for the year ended 31 December 2015

revealed that, PDI in reporting the various external debt balances, misstated

loan received from 18 creditor institutions. This inaccurate balances reported,

resulted in an overall understatement of the external debt balance in the

Public Accounts by GH¢1,156,655,254.77. The table below provide the details.



Understatement of external debt receipts

No. Creditor CF Accounts

(GH¢) DMD (GH¢)

Difference (GH¢)

1. African Development Fund 300,480,432.51 354,103,545.47 (53,623,112.96)

2. International Development Association 1,370,586,819.89 1,825,168,236.24 (454,581,416.35)

3. International Fund for Agric. Development 35,870,952.55 42,049,637.82 (6,178,685.28)

4. Bank Austria AG 24,544,856.86 24,632,567.98 (87,711.12)

5. Deutsche Bank 4,024,522,546.19 4,418,916,802.13 (394,394,255.93)

6. Export-Import Bank of India 3,110,011.95 2,389,399.76 720,612.20

7. Export-Import Bank of U.S.A. 134,557,948.52 332,548,802.03 (197,990,853.50)

8. Government of France 130,077,072.02 133,156,884.47 (3,079,812.45)

9. Government of India 48,676,393.71 60,896,143.33 (12,219,749.62)

10. KBC Bank n.v 14,945,577.81 14,980,461.56 (34,883.75)

11. Government of Spain 7,714,439.93 7,803,051.90 (88,611.97)

12. Bank Hapoalim 411,524,227.97 411,631,643.96 (107,415.99)

13. ABN Amro Bank N.V. - 10,371,764.80 (10,371,764.80)

14. Bank Austria AG 24,632,567.98 24,544,856.86 87,711.12

15. Banque National de Paris 29,433,680.21 54,772,432.14 (25,338,751.93)

16. Export-Import Bank Of China 167,610,521.47 167,609,074.12 1,447.35

17. Export-Import Bank of India 3,110,011.95 2,389,399.76 720,612.20

18. Government of Spain 7,714,439.93 7,803,051.90 (88,611.97)

Total 6,739,112,501.47 7,895,767,756.23 (1,156,655,254.77)

61. This understatement in my view, stems from non-communication of

information between DMD and PDI, particularly on debt disbursements,

repayments and cancellations. Consequently, I could not confirm the

completeness of the External Debt balance.

62. I recommended that, DMD should regularly communicate the updates

of the External Debt receipts and balances to PDI.

63. I also urged CAG to restate the External Debt balance to reflect the true

Debt position of the State.



Management response

64. The figures stated in the Public Accounts of 2015 are the reconciled

figures between CAGD and MoF as at the 31st December, 2015 per MoF Letter

with reference DMD/CAGD/2016/01 dated 8th February, 2016.

65. The differences observed by the Auditor may be as a result of updates

done by DMD after 31st December, 2015 because the CS-DRMS reports are on

real time basis.

Audit position

66. The transactions that resulted in the understatement occurred before 31

December 2015, but DMD of MoF delayed in the updates of the CS-DRMS

with those transactions. As per Generally Accepted Accounting Practice

(GAAP), accounting transactions that occurred before the year end and has

impact on the reported account balance shall be adjusted in the Financial

Statements.

Delays in crediting budget support receipts

67. The Government of Ghana had a Memorandum of Understanding

(MoU) with the United Kingdom (UK) in which the UK government agreed to

provide six million pounds sterling for the Ghana Poverty Reduction Budget

Support Capacity Building, to be disbursed from 2006 to 2008.

68. In line with the MoU, the UK government through HSBC Bank PLC

remitted GBP 3,691,430 to BoG on 19 March 2013.

69. I noted that BoG held on till 30 June 2015, before notifying CAG of

receipt of the amount and indicated that the recipient account had been closed



since August 2010. The CF was eventually credited with the amount on 9

September 2015 after a period of 26 months’ delay.

70. I urged CAGD to constantly monitor its accounts with BoG to ensure

that donor Budget support inflows are promptly credited to the CF.

Management response

71. CAGD has been monitoring its bank account. The delay was due to

BoG’s failure to communicate receipt of the money on time. CAGD, MoF and

BoG are improving collaboration to avert future occurrences.

Follow-up on recommendations from previous audit report

72. We followed up on action taken on recommendations in previous audit

reports, the results of which are attached.



FINANCIAL ANALYSIS

Revenue

73. Total revenue in the year amounted to GH¢23.72 billion, representing a

shortfall of GH¢2.92billion over the Budgeted figure of GH¢26.64 billion. This

was mainly attributable to significant drop in the Non–tax Revenue by

GH¢2.04 billion relative to its projected figure of GH¢ 4.95billion.

Expenditure

74. Actual expenditure incurred of GH¢38.57 billion exceeded the budgeted

amount of GH¢32.62 billion, resulting in an excess of GH¢5.95 billion though

within the Annual Appropriation of GH¢44.9billion.

75. Significant areas that resulted in the increase in expenditure were

foreign financed investments and Government subsidies of GH¢1.55 billion

and GH¢0.843 billion respectively.

76. Furthermore, although there was an appreciable savings of GH¢2.70

billion on Goods and Services, this was eroded by an unbudgeted expenditure

of GH¢6.82 billion on exchange loses.

Financial position

77. GoG financial position at the close of the year recorded a Net Asset of

GH¢86 billion compared with GH¢68 billion in 2014 mainly due to External

Loans contracted.

78. However, there was an appreciable increase of GH¢4.53 billion in GoG

Total Assets mainly from the implementation of the Treasury Single Account

from a cash position of GH¢0.140 billion in 2014 to GH¢3.04 billion in 2015.



Audit opinion

79. I have audited the Statement of Assets and Liabilities of the CF as at 31

December 2015 and the Summary Statement of Receipts and Payments of the

CF, Statement of Revenue and Expenditure and Cash Flow Statement for the

year then ended shown on pages 20 to 24 of the 2015 Financial Statements of

the Public Accounts.

80. These statements have been prepared under the historical cost

convention on the basis of the accounting policies set out on pages 3 to 8 of the

financial statements of the Public Accounts.

Responsibility of the Controller and Accountant-General

81. Section 41 of the FAA requires the CAG to prepare and present to the

Auditor–General in respect of the financial year, the public accounts on the

Consolidated Fund which shall comprise a balance sheet; a statement of

revenue and expenditure; a cash flow statement; and notes that form part of

the accounts.

Auditor-General’s responsibility

82. Article 187(2) of the 1992 Constitution, Section 44(1) of FAA and Section

11 of the Audit Service Act 2000, (Act 584) require the Auditor-General to

audit and report on the public accounts of Ghana. It is therefore, the

responsibility of the Auditor-General to express an independent opinion on

the financial statements of the CF.

83. I give my opinion as to whether proper books of account have been

maintained by the CAG and whether the financial statements are in

agreement therewith and comply with the requirements of the FAA and

present fairly, the financial position of the CF as at 31 December 2015 and



whether the results of its operations, cash flow and financial requirements for

the year then ended are in accordance with the stated accounting policies of

Government and comply with the relevant legislations.

Basis of opinion

84. I conducted the audit in accordance with generally accepted auditing

standards and the auditing standards of the International Organisation of

Supreme Audit Institutions (INTOSAI). An audit includes examination, on a

test basis, of evidence relevant to the amounts, disclosures and regularity of

financial transactions included in the financial statements. It also includes an

assessment of significant estimates and judgements made by the CAG in the

preparation of the financial statements.

85. I planned and performed my audit so as to obtain all the information

and explanations which I considered necessary to provide me with sufficient

evidence to give reasonable assurance that the financial statements are free

from material misstatements, whether caused by error, fraud or any other

irregularity and that, in all material respects, the expenditure and income

have been applied to the purposes intended by Parliament, and the financial

transactions conform to the authorities which govern them.

86. In forming my opinion, I also evaluated the overall adequacy of the

presentation of information in the financial statements. I believe that my audit

provides a reasonable basis for the audit opinion.

Opinion

87. Basis of my qualification:

a. Understatement of external debt balance

b. Understatement of GoG on-lending loans



88. In my opinion, except for the above reservations, the accounts present

fairly, in all material respects, the financial position of the Consolidated Fund

as at 31 December 2015; and of the results of its operations and cash flows for

the year then ended in accordance with the stated accounting policies of

Government.

Acknowledgement

89. I gratefully acknowledge the cooperation and assistance accorded the

audit team by key personnel of MoF and CAGD during the audit. I also

acknowledge the efforts and commitment of my staff in conducting the audit.

RICHARD Q. QUARTEY AUDITOR-GENERAL



STATUS OF IMPLEMENTATION OF RECOMMENDATIONS MADE IN

THE 2014 REPORT ON THE CONSOLIDATED FUND Para. No.

Audit Findings Audit Recommendation Action taken by Management/ ARIC

Auditor’s comments

23 – 28

Payments Made Outside the GIFMIS System

I urged CAGD to ensure that all transactions relating to the Consolidated Fund are processed through GIFMIS.

The transaction processes outside the system have been incorporated into the 2014 accounts. These were transactions that had been budgeted for and therefore their incorporation did not result in Budget overrun

Not implemented. Ref. para 44 - 51 of this report

29 – 35

Carried Interest in Mining Companies

I urged MoF to strengthen its control on GoG equity investments in mining companies by ensuring that dividend due GoG are properly monitored and paid promptly into the Consolidated Fund.

MOF has developed Public Investment Managing System (PIMS) to help track government interest in state and other organizations. This will facilitate the monitoring of the financial performance and dividend payments to government.

Even though the PIMS has been deployed is yet to be used.

36 – 43

Payment of Penalties for delays in servicing loans

To minimize the risk of further delays in the servicing of loans that could result in the payment of penalties, I urged DMD to streamline its processes with its stakeholders including BoG to ensure that all debts are paid when they fall due.

The business for debt servicing has been re-engineered to reduce the debt processing time. This has reduced considerably the payment of penalties.

Implemented

44 – 47

Automatic Bank Reconciliation not fully operational

To minimize the risk associated with manual preparation of bank reconciliation, I urged CAGD to collaborate with BoG to agree on a common reference number that could be used to facilitate automatic bank reconciliation at both national and sub-national levels.

Transaction reference numbers have now been agreed between BOG and CAGD. Setups have been completed on GIFMIS awaiting finally testing to operationalise the automatic Bank Reconciliation functionality.

Action yet to be Implemented actually.

54 – 65

Non Deduction of Withholding Tax

I recommended that the Ministry of Food and Agriculture should liaise with Ghana Revenue Authority to ensure that all taxes due GoG from the supplier are paid into the Consolidated Fund, failure of which the Chief Director of MoFA would be surcharged.

The Chief Director of MOFA wrote to the suppliers, Messrs. KNIGHTS A. S, for the refund of the Tax. The company replied indicating the nature of the transaction and terms of the contract do not make them obliged to pay the Tax.

The withholding tax has not been recovered.

65 – 75

Management of Tax Revenue with Commercial Banks

I urged GRA to strengthen its control over its accounts with both GCB and Ecobank by ensuring that they submit regular statements to all relevant Stations of GRA and to ensure that all outstanding transactions with GCB are cleared together with any associated penalties without any further delays.

All the amounts due at 31st December 2014 have been paid by the two Banks. The Bank are now paying the revenue on time.

The outstanding balance has been recovered.

76 – 84

Unreliable External Debt records on CSDRMS

I recommended that the Head of DMD exercise strong oversight in the recording of external debt transactions, paying particular

CS-DRMS is being upgraded to ensure reliable report generation. DMD now collaborates well with PDI and Data from DMD is

Not fully implemented.



attention to prompt update of the CSDRMS and regular reconciliation with lending institutions. I also urged PDI to collaborate with DMD to clean the external debt schedule.

reconciled before incorporation into the accounts.

89 -93 Delays in the transfer of Accrued GETFund

To ensure that the operations of GETFund are not stifled due to financial constraints, I urged MoF to ensure compliance.

Although Amount Due in 2015 has been paid. There are still some 2014 outstanding GETFUND.

94 – 98

Late Transfers into DACF

To ensure that the District Assemblies have access to funds for their developmental activities, I urged the Ministry of Finance to issue instructions for the transfer of the outstanding amount in compliance with Act 455.

Although Amount Due in 2015 has been paid. There are still some 2014 outstanding DACF.

100 – 111

Non Transfer of Non Tax Revenue

I recommended that, MoF and CAGD should ensure that the unpaid NTR totaling GH¢21,296,167.31 is transferred into the appropriate Consolidated Fund account without any further delay. I also recommended that, Ghana Tourism Authority should ensure full compliance with the provisions of the Appropriation and Retention Act by ensuring the transfer of surplus funds into the Consolidated Fund.

Not implemented

TABLE OF CONTENTS

PAGE

ACRONYMS i

CAG'S REPORT ON THE FINANCIAL STATEMENTS 1

FINANCIAL STATEMENTS

STATEMENT OF RECEIPTS AND PAYMENTS 20

STATEMENT OF REVENUE AND EXPENDITURE 21

BALANCE SHEET 22

STATEMENT OF CASH FLOW 23

POLICY 25

NOTES TO THE ACCOUNTS 28

ADDITIONAL STATEMENTS (INDEX) 36-76

ADDITIONAL INFORMATION (INDEX) 77-124

ARIC Audit Report Implementation CommitteeBoG Bank of GhanaCAG Controller and Accountant - GeneralCAGD Controller and Accountant - General’s DepartmentCF Consolidated FundCoA Chart of AccountsDIC Diverstiture Implementation CommitteeDMD Debts Management DivisionEOCO Economic and Organised Crime OfficeEFT Electronic Funds TransferFAA Financial Administration Act, 2003 (Act 654)FAR Financial Administration Regulations, 2004 (LI 1802)FWSC Fair Wages and Salaries CommissionGCB GCB Bank LimitedGCNet Ghana Community NetworkGES Ghana Education ServiceGFS Government Finance StatisticsGHS Ghana Health ServiceGIFMIS Ghana Integrated Financial Management Information SystemGoG Government of GhanaGRA Ghana Revenue AuthorityHIPC Highly Indebted Poor CountriesHRMS Human Resource Management SystemIAAA Internal Audit Agency Act, 2003 (Act 658)ICT Information Communication TechnologyIGF Internally Generated FundIPPD Integrated Personnel and Payroll DatabaseMDAs Ministries, Departments and AgenciesMDBS Multi–Donor Budgetary SupportMDRI Multilateral Debt Relief InitiativeMESTI Ministry of Environment, Science, Technology and InnovationMELR Ministry of Employment and Labour RelationsMFARI Ministry of Foreign Affairs and Regional IntegrationMINT Ministry of the InteriorMLGRD Ministry of Local Government and Rural DevelopmentMLNR Ministry of Lands and Natural ResourcesMMDAs Metropolitan, Municipal and District AssembliesMoC Ministry of CommunicationMCTA Ministry of Chieftaincy and Traditional AffairsMoD Ministry of Defence

ACRONYMS

i

ACRONYMS

MoE Ministry of EducationMoEnP Ministry of Energy and PetroleumMoFA Ministry of Food and AgricultureMoFAD Ministry of Fisheries and Aquaculture DevelopmentMoF Ministry of FinanceMoH Ministry of HealthMoJAG Ministry of Justice and Attorney-GeneralMoRH Ministry of Roads and HighwaysMoT Ministry of TransportMoP Ministry of PowerMoTI Ministry of Trade and IndustryMoGCSP Ministry of Gender, Children and Social ProtectionMoYS Ministry of Youth and SportsMWRWH Ministry of Water Resources, Works and HousingNITA National Information Technology AgencyNHIL National Health Insurance LevyNPT Non - Project TypeOMCs Oil Marketing CompaniesPDI Public Debt and Investment PIA Project Implementation AgencyPPA Public Procurement Act, 2003 (Act 663)PFM Public Financial ManagementPUFMARP Public Financial Management Reforms ProgrammeSSNIT Social Security and National Insurance TrustSSPP Single Spine Pay PolicySIP Social Intervention ProgrammeTRIPS Total Revenue Integrated Processing System TSA Treasury Single AccountNPRA National Pensions Regulatory AuthorityPIMS Public Investment Management SystemBAT Bank Account Tracking SystemSWIFT Society For World wide Inter Bank Tele CommunicationGIIF Ghana Infrastructure and Investment Fund

i

1

REPORT OF THE CONTROLLER AND ACCOUNTANT-GENERAL (CAG) ON THE

PUBLIC ACCOUNTS OFTHE CONSOLIDATED FUND FOR THE YEAR ENDED 31ST

DECEMBER, 2015

1 INTRODUCTION

1.1 Mandate

Section 41(1)(b) of the Financial Administration Act, 2003 (Act 654)(FAA) and

Regulation191 of the Financial Administration Regulations, 2004 (LI 1802)(FAR)

require the Controller and Accountant-General to prepare and transmit to the Auditor-

General and the Minister for Finance (MoF), the Public Accounts (Financial

Statements) on the Consolidated Fund of the Republic of Ghana within a period of

three months after the end of the financial year or such other period as Parliament may

by resolution determine.

The financial statements are prepared on Government business which is regulated by

the financial laws. The authorization to spend and the limit on expenditure are

stipulated in the Appropriation Act for each financial year as required by Article 179

(2) (a) of the 1992 Constitution of the Republic of Ghana.

In addition to the legal requirements, the Financial Statements are to provide a

summary of government’s financial resources and their application for the benefit of

the citizens of Ghana.

1.2 Components of the Financial Statements

The financial statements of the Consolidated Fund comprise:

A Statement of Receipts and Payments

A Statement of Revenue and Expenditure

A Balance Sheet

A Cash Flow Statement

Notes to the Accounts

2

1.3 Additional Statements

In line with Regulation 191 (d) of the FAR, a statement of transactions during the year and

analysis of the financial position at the end of the year for the following accounts are included

in the financial statements

Public Debts

Deposits and Other Trust Monies

Securities of Government

Advances

Public loans (Receivables)

Equity Investments of the Consolidated Fund

Additional information comprising Summary Expenditure of MDAs by items and sectors are

included in the financial statements

1.4 Duties of the Controller And Accountant General (CAG) In accordance with Section 3 of the Financial Administration Act 2003 (Act 654), the Controller and

Accountant General is responsible to the Minister of Finance for the custody, safety and integrity of

the consolidated fund and other public funds designated under CAG’s care.

As a chief accounting officer of Government, the Controller and Accountant General is responsible to

keep, render, and publish statement of public account as required by the afore-mentioned Act. He is

also the chief adviser to the Minister and the Government on accounting matters and approves

accounting instructions of Government departments.

The Controller and Accountant General also manages the payroll on salaries and pensions.

1.5 Scope of the financial statements

In compliance with Section 41(1) (b) of the FAA, the Public Accounts (Financial Statements)

is prepared on the Consolidated Fund only.

3

1.6 Basis of Accounting The 2015 financial statements were prepared in accordance with the stated accounting policies

of the Government of Ghana currently in use as in pages 34 & 35. Efforts are being made to

progressively move towards the accrual basis of the International Public Sector Accounting

Standards (IPSAS).

2 BUDGET FOCUS AND FINANCIAL MANAGEMENT REFORMS

2.1 Budget focus for 2015

In the 2015 budget, Fiscal policy was driven mainly by new tax policy measures, revenue administration

reforms, improved public financial management, expenditure rationalization, and the implementation

of new debt management strategies.

Specific revenue generating measures included Imposition of Special Petroleum Tax of 17.5 percent;

Extension of the National Fiscal Stabilization Levy; special import levy; a 5 percent flat VAT rate on real

estates. Some of the expenditure rationalization actions were, continuation of net freeze policy on

employment (excluding education and health) and non-replacement of separated staff from MDAs,

full implementation of the Electronic Salary Payment Voucher (ESPV) System and price adjustment for

utility tariffs and fuel prices.

Key initiatives for sustainability and efficiency in debt management included continuing with the on-

lending and escrow arrangements to minimize the impact of loans on the public debt portfolio;

financing the capital expenditure component of the annual budget primarily from long-term debt

issuance and initiation of a municipal bonds programme to support credit-worthy MMDAs to access

the domestic capital market to finance commercially viable projects.

3 POLICY INITIATIVES

3.1 Public Financial Management Strategy

In pursuance of improved public financial management, Government has been implementing various

Public Financial Management (PFM) reform initiatives. The 2015 budget statement highlighted reform

initiatives such as the Ghana Integrated Financial Management Information System (GIFMIS), Budget

Reforms including the introduction of Programme-Based Budgeting (PBB) a new Budget Preparation

and Management System, Fiscal Decentralization and Modernization of Revenue Management and

Administration. Progress has been made in all these areas.

4

A PFM strategy has been approved by Cabinet, and processes are underway to prepare a new PFM Bill

to consolidate and codify principles; improve existing processes and ongoing reforms; provide for

comprehensive coverage of public sector loans and guarantees; and clarify the roles of public officers,

Cabinet, Parliament and other stakeholders.

The new PFM Bill will also provide a comprehensive approach to macro-fiscal management, budgeting,

treasury and debt management as well as accounting and reporting for all public funds. The Bill will

also address some of the inconsistencies and gaps in the existing PFM laws. It will provide better

guidance to public sector PFM practitioners and managers, the public and other stakeholders on issues

relating to Government's fiscal policies and budget.

3.2 SYSTEMS IMPROVEMENT

As part of the expenditure rationalization effort, continuous improvement in systems and business

process are being rigorously pursued in the following areas.

Phase 1 of GIFMIS has been concluded in June 2015, and a new Public Financial Management Reform

Project commenced thereafter. This was after the development of a comprehensive PFM Reform

Strategy in April, 2015. The Goal of the strategy is to guide the development of Ghana’s PFM Reforms

going forward.

The new Project is an expansion of GIFMIS and comprises of IFMIS and Payroll management in CAGD

Budget Reforms being implemented by the budget division of the Ministry of Finance; continue the

implementation of HRMIS under the auspices of the Public Service Commission, and support public

sector procurement management through the Public Procurement Authority. The Project also seeks

to strengthen external audit by the Ghana Audit Service and support Parliamentary Service for its

Legislative oversight. Currently the Project is being funded by the World Bank with support from

Government of Ghana. The GRA modernization is also on-going.

3.3 Payroll Management

Seven years into the implementation of the Single Spine Pay Policy (SSPP), particularly the Single Spine

Salary Structure (SSSS), distortions and inequities that characterized public service pay administration

have largely been addressed. The process has also led to the abolition of over 123 different salary

structures and 50 allowances in the Public Service. These have impacted positively on fiscal

management.

Government remains committed to the implementation of the policy and is pursuing measures to

eliminate leakages in the payroll system some of which are as follows:

5

3.3.1 Electronic Salary Payment Voucher (ESPV) system Roll Out

The Electronic Salary Payment Voucher (ESPV) system has now been roll out to all 10 regions to enable

the validation of salaries before payment. It is worth noting that actual saving made through

discontinued employees was Gh₵15,737,159.74 while potential saving arising from unverified and

invalidated employees amounted to Gh₵187,966,032.83 in 2015

3.3.2 Audit of Payroll Database and Security System:

The Ministry of Finance through the Controller & Accountant-General commissioned Ernest &

Young Consultants to carry out an audit of the payroll Database and security system in 2015.

The audit which reviewed the status of implementation of the KPMG Audit recommendations as

well as examined new areas of payroll security and control system was completed and the final

report issued in July 2015.

3.3.3 Interface with SSNIT Biometric System:

SSNIT in collaboration with Controller & Accountant-General’s Department has re-enrolled

334,579 employees on CAGD Payroll on their biometric system as a first step towards interfacing

the two systems for continuous verification.

While efforts are underway to complete the re-enrolment of the remaining employees, discussions

have already began on CAGD Payroll/HRMIS Systems interface with SSNIT biometric system.

Interface requirements have been agreed with the Public Services Commission (PSC). The

interface is expected to be completed by the first half of 2016.

3.3.4 Implementation of New Recruitment Policy:

Government policy to freeze new employment during the year 2015 was effectively carried

out in collaboration with the Compensation Unit of Ministry of Finance (MOF). Except for

Ghana Education Service and Ghana Health Service which were allowed to make new

recruitments in respect of graduate trainees during the year, all other government institutions

are only allowed to make replacement of staff when justified.

6

3.3.5 Migration of Subvented organizations:

The process of migrating subvented organizations including the Public Universities was revived

in 2015. Relatively smaller institutions such as African Bio Fuel and Centre for National

Distance and Open Learning have been migrated. With regards to the interface of Ghana

Revenue Authority’s payroll with GIMIS, the chart of Accounts has been agreed and the

interface file is ready for testing. Work has begun on the interface of the payroll of state

universities with GIFMIS Financials. Interface requirements and chart of accounts have been

agreed for University of Ghana while all other Universities are being assessed for interface or

migration based on the strength of their current payroll and the control systems in place.

3.3.6 Discontinuation of Printing of Pay-slips and Vouchers

To achieve the full benefit of the e-initiatives, CAGD has discontinued the printing and

distribution of employee salary pay-slip with effect from December 2015, thus bringing some

cost saving to government

3.4.0 Treasury Management

3.4.1 Upgrade of the Swift System

To improve efficiency and security of electronic funds transfer to MDAs/MMDAs, the SWIFT

system was upgraded to the version being used by Bank of Ghana. The upgraded system also

supports the Electronic Funds Transfer (EFT) system of GIFMIS due to its improved security

features.

Other benefits of the system include flexible reporting and timely delivery of MT 950 from BOG

with filtering features for loading onto the GIFMIS system for purposes of automatic bank

reconciliation.

3.5.0 CASH MANAGEMENT

To effectively manage public expenditure and make funds available in a timely manner to meet

planned expenditures, a number of Policy initiatives are being undertaken to strengthen the cash

management system. These include the B-Tracking, e-Travel Card, e-Fuel Card, and the Treasury

Single Account.

3.5.1 Bank Account Tracking System (B-Tracking)

To improve the management of bank accounts, a web-based Bank Account Tracking System (BATS)

platform that enables all government accounts with Bank of Ghana and Commercial Banks to be

tracked at CAGD has been implemented. Currently, details of over 1,500 bank accounts at both

7

Bank of Ghana and Commercial banks have been captured on to the system. The system enables

the generation of various reports on bank accounts for planning, accounting, and efficient cash

management and facilitates negotiations on payment of interest on idle balances with the banks.

This will facilitate the monitoring of GoG revenues deposited in transit accounts with the

commercial banks. It will also ensure prompt transfer of such revenues to the designated GoG

accounts at Bank of Ghana, reduce the cost of borrowing by the Government as well as facilitate

the transfer of VAT on financial services from the Commercial Banks to BoG.

3.5.2 Treasury Single Account

A Treasury Single Account (TSA) Strategy document has been developed with the view to unifying

the structure of government bank accounts. The purpose is to consolidate and optimize utilization

of cash resources. The TSA is a set of linked bank accounts through which government recognises

all its receipts and payments and obtains a consolidated view of its cash position at the end of each

day.

The implementation of the TSA commenced in 2013 following the signing of the Loans and Fiscal

Agency Agreement with Bank of Ghana (BoG). As part of the implementation, Government

embarked on an exercise to rationalize GoG accounts with the aim of closing dormant accounts. As

at September 2015, about 11,500 bank accounts had been identified, out of which 5,500 are held

at BoG and 6000 at Commercial Banks. Out of the 5,500 accounts at BoG, 3,160 have been closed,

700 have been set up under the GIFMIS, whilst the remaining 1,640 are being reviewed for

rationalization. Efforts are also being made to rationalize the 6,000 held by Commercial Banks.

3.6.0 Public Debts and Investments Management

The CAGD in collaboration with the Ministry of Finance has put in place various measures to

enhance the payment of debt and general management of government debt portfolios.

The business process for debt servicing has been reengineered to reduce delays in the processing

time of debt servicing to prevent payment of penalties.

CAGD in collaboration with Public Investment Division launched the Public Investment Management

policy in 2015. This will enable the division in monitoring and managing GoG investments

periodically.

3.7.0 IPSAS Implementation

The Ministry of Finance, in collaboration with the Institute of Chartered Accountants Ghana (ICAG)

in November 2014 adopted the International Public Sector Accounting Standards (IPSAS) as the set

of rules to be used by public sector entities in Ghana in the preparation of financial statements.

CAGD, as the assigned lead for the delivery of the policy, has developed an Implementation Strategy

and outline Project Plan with support from Chartered Institute Public Finance and Accountancy

8

(CIPFA). The plan proposes a phased implementation approach aimed at a full compliance with

accrual basis IPSAS from 2022. Efforts are being made to secure funding for implementation.

4 HIGHLIGHTS OF 2015 FINANCIAL PERFORMANCE

2015 Appropriation

The amounts appropriated for Government business and reflected in these Financial Statements were

regulated by the Appropriation Act 2015, Act 868. Payments made were based on warrants issued on

the authority of the Minister for Finance and was within the Appropriation of GH¢44,887.06 million.

A summary report of the appropriation is as below:

YEAR 2015 2014

A GH¢ (Millions) GH¢ (Millions)

Annual Appropriation 44,887.06 39,367.84

Appropriation Utilised (39.572.85) (33,732.58)

Appropriation Un-utilised 5,314.21 5,635.26

5 Revenue Total revenue and grants within the scope of the annual appropriation for the year 2015 amounted

to GH¢ 23.72 billion against a target of GH¢ 26.64 billion. This is much higher than the 2014 figure of

GH¢17.71 billion. The improved performance over 2014 was mainly due to a strong growth in

domestic revenues, ongoing tax administration reforms and new tax policy measures.

Revenues and grants for the year 2015 are summarized in Table 6 below.

9

Table 6: Summary of Revenues and Grants - 2015

Source: CAGD

Revenue(A) BUDGET 2015(B)

(B)

ACTUAL 2015 (C) BUDGET 2014 (D) ACTUAL 2014 (E) DIFFERENCE-F (C-E)

Direct Tax 8,849,375,163 7,722,068,381 9,308,815,075 7,024,573,751 697,494,630

Indirect Tax 10,834,761,744 10,235,812,934 10,347,623,325 7,236,689,757 2,999,123,177

Grant 2,001,764,510 2,852,768,040 1,130,723,000 995,626,782 1,857,141,258

Non Tax 4,950,621,283 2,908,118,606 4,342,758,647 2,451,902,748 456,215,858

TOTAL 26,636,522,700

23,718,767,961

25,129,920,047

17,708,793,038

6,009,974,923

5.1.0 OIL REVENUE

Total Oil revenue for the year 2015 amounted to GH¢ 1, 422.93 million. The ABFA’s share was GH¢881.76

million against a budget of GH¢554.63. This is lower than the 2014 share of GH¢ 1,196.5 million.

Table 6: Summary of oil revenue - 2015

Source: CAGD

OIL REVENUE DISTRIBUTION AMOUNT GHC

ABFA

881,763,540

847,550,101.38

STABILISATION 60,447,805

HERITAGE 25,906,202

GNPC 454,811,537

TOTAL

1,422,929,084

5.2.0 Grants Grant disbursement from development partners for the year 2015 amounted to GH¢ 2,853 million,

42.52 percent higher than the budget target of GH¢ 2,001.8 million and 187.56 percent higher than

the amount recorded during the same period in 2014. It is worth noting that for the first time in the

last three years Development Partners have disbursed their budget support pledges as planned.

10

Table 6: Summary of Grants - 2015

Source: CAGD

GRANT RECEIVED 2015 2014

PROJECT GRANTS GH¢ GH¢

AFRICAN DEVELOPMENT BANK 169,416,474 166,139,241

CANADA 13,886,589 24,060,000

DENMARK 45,607,934 40,450,000

FRANCE - 710,000

NETHERLANDS 50,537,069 -

JAPAN 34,860,000

DENMARK-SBS 4,580,900

SPAIN 956,313

SWISS GOV'T 9,790,000

EUROPEANS UNION 725,947,651 189,367,089

UNITED KINGDOM 46,684,851 37,490,000

UNITED NATIONS DEVELOPMENT PROGRAMME 89,378,262 31,044,304

6 7,151,899

United Nations Population Fund (UNFPA) 6,045,986 7,151,899

UNICEF 141,324,926 94,430,380

WORLD BANK 155,268,081 142,310,127

WFP 27,841,441

21,265,823

USA 429,028,045

EUROPEAN COMMISSION-SBS 193,679,801

DEPARTMENT FOR INTERNATIONAL DEV. (DFID) 21,080,284

TOTAL 2,121,264,608 799,068,861

DDF GRANTS

SWISS GOVT 11,432,432 6,750,770

IDA 29,199,890

GERMANY 26,864,618 58,800,916

DENMARK - 22,294,257

TOTAL 67,496,940 87,845,943

PROGRAM GRANT

SWISS 26,179,223 24,603,369

CIDA 9,505,992

CANADA 56,941,318

FRANCE 1,306,433

EUROPEAN COMMISSION 487,474,680

SWISS GOVT 26,179,223.07

UNITED KINGDOM 56,600,000

DENMARK 36,811,152

69,719,107

TOTAL 664,006,372 105,134,901

GRAND TOTAL 2,852,767,920 992,049,705

11

6.1.0 Expenditure

Total expenditure, including payments for the clearance of arrears and outstanding commitments for the

year amounted to GH¢38,574.16 million. This was 2.74 percent higher than the expenditure for 2014.

6.1.1 Compensation of Employees Expenditure on Wages and Salaries including payments for the clearance of arrears and outstanding

commitments for 2015 amounted to GH¢ 13,015.2 million, 3.3 percent higher than the budget target

of GH¢ 12,597.7 million and 8.1 percent higher than the actual amount for 2014.

6.1.2 Goods and Services Expenditure on Goods and Services including Government subsidies, social benefits and other

expenditure for the year 2015 amounted to GH¢ 3,332.63 million, 46.83 percent lower than the

budget target of GH¢ 6,268 million and 4.14 percent higher than the actual expenditure for the year

2014.

6.1.3 Interest Interest payment for the year amounted to GH¢ 9,084.5 million, 2.92 percent lower than the revised

budget target of GH¢ 9,349.80 million and 28.62 percent higher than the actual amount for the 2014

financial year. Out of this amount, domestic interest payment was GH¢ 7,477.2 million.

6.1.4 Capital Expenditure Total capital expenditure for the 2015 amounted to GH¢ 1,474.6 million, 17.03 percent lower than

that of last year. Foreign Finance Investment GH¢ 6,044.6 while consumption of fixed Assets

amounted to GH¢ 373.6 million.

6.1.5 Grants to Other Government Units

Included in the grants to other government units was a transfer to District Assemblies Common Fund

(DACF) of GH¢ 1,687.2 million and Ghana Education Trust Fund (GETFund) of GH 1,023.5 million. The

transfer included 2014 arrears of GH¢ 98.8 million and GH¢ 260.6 million for GETFund and DACF

respectively.

12

Table 8: Summary of Central Government Expenditures for 2015

EXPENDITURE(A) BUDGET 2015 (B)

GH¢

ACTUAL 2015 (C)

GH¢

BUDGET 2014(D)

GH¢

ACTUAL 2014 (E)

GH¢

DIFFERENCE (C-

E) GH¢

COMPENSATION

OFEMPLOYEES

12,597,696,797

13,015,237,35

7

10,793,436,07

5

12,034,478,34

6

980,759,011

GOODS AND SERVICES 4,600,535,45

0

1,896,174,688 4,814,395,950 1,923,663,227

(27,488,539)

NON-FINANCIAL

ASSETS(CAPITAL)

3,978,866,08

4

1,474,647,766 3,827,841,038 1,777,420,468

(316,030,106)

INTEREST 9,349,796,46

4

9,084,510,936 7,884,706,682 7,063,447,154

2,021,063,782

GOVRNMENT SUBSIDIES 50,000,000

893,258,165 618,755,321 862,178,609

31,079,556

EXCHANGE LOSS

5,079,814,278

-

6,823,681,990 - 10,119,216,62

0

(3,295,534,630

)

SOCIAL BENEFIT 19,949,436

14,148,777 48,531,656 4,802,125

9,346,652

OTHER EXPENSES 1,597,991,95

9

529,050,482 792,279,800 409,828,323

161,545,159

FOREIGN FINANCED

IINVESTMENT

4,399,423,19

9

5,944,535,499 - 4,858,895,576

1,185,717,946

CONSUMPTION OF FIXED

ASSETS

- 373,560,250 - 268,270,069

105,290,181

TOTAL 36,594,259,389.00

40,048,805,910.00

440,177,949,529

28,779,946,522.00

39,322,200,517.00

726,605,393.00

7 Loans Receipt

Total loans receipts including Net Treasury Operations amounted to GH¢ 12,514.57 million against a

budget of GH¢ 14,446.8 million for the year 2015. Out of this was an amount of GH¢8,992.64 million

for external and GH¢3,521.93 for domestic. Inflow from Treasury Operations was GH¢52,031.41

million as against a redemption of GH¢48,582.34 million resulting in the Net Treasury operations of

GH¢3,449.22 million

Domestic loans (Net Treasury operations & Standard Loans) amounted to GH¢ 3,521.1 million, against

a target of GH¢ 5,064.4 million. Foreign loans was GH¢ 8,992.6 million, against a target of GH¢ 9,382.4

million.

Loan receipts for the year 2015 are summarized in Table 9 below.

13

Table 9: Summary of Central Government Financing - 2015

Source: CAGD

LOANS INFLOW 2015

billion

REPAYMENTS 2015

billion

INFLOW 2014

billion

REPAYMENTS 2014

billion

EXTERNAL

Bilateral Loans

8 Bilateral Loans

5,673,619,584 1,245,228,396 5,057,470,544

895,291,035

Multilateral Loans

1,724,601,488 149,163,537

933,948,973 105,779,125

Commercial Institution

1,594,423,377

1,069,267,862

1,219,513,837

303,281,883

TOTAL 8,992,644,449 2,463,659,796 7,210,933,354 1,304,352,043

DOMESTIC

Commercial Institution

72,851,377

223,563,604

107,866,266

616,540,523

Treasury Operations

52,031,412,984

48,582,339,148 33,967,142,071

30,070,487,811

TOTAL

52,104,264,361

48,805,902,752

34,075,008,33

7

30,687,028,334

GRANDTOTAL

61,096,908,810

51,269,562,547

41,285,941,69

1

31,991,380,377

14

11 IMPLEMENTATION STATUS OF THE AUDITOR-GENERAL’S RECOMMENDATIONS ON THE 2014

PUBLIC ACCOUNTS

8.1.0 Payments Made Outside the GIFMIS System: Paragraph 23 to 28.

To mitigate the risk of budget overruns and ensure the completeness of financial reporting, I urged

CAGD to ensure that all transactions relating to the Consolidated Fund are processed through GIFMIS.

Action Taken

The transactions processed outside the system have been incorporated into the 2014 Accounts. These

were transactions that had been budgeted for and therefore their incorporation did not result in

budget overruns.

8.2.0 Carried Interest in Mining Companies: Paragraph 29 to 35

To ensure effective revenue mobilization of carried interest from mining companies, I urged MoF to

strengthen its control on GoG equity investments in mining companies by ensuring that dividend due

GoG are properly monitored and paid promptly into the Consolidated Fund.

Action Taken

MoF has developed a Public Investment Managing System (PIMS) to help track government interest

in state and other organizations. This will facilitate the monitoring of the financial performance and

dividend payments to government.

Additionally, a check list has been deployed to the agencies concerned to monitor the equity

investments in mining companies.

8.3.0 Payment of Penalties for delays in servicing loans :Paragraph 36 to 53

To minimize the risk of further delays in the servicing of loans that could result in the payment of

penalties, I urged DMD to streamline its processes with its stakeholders including BoG to ensure that

all debts are paid when they fall due. I urged MoF and CAG to improve their processing time for loan

repayment to avert the risk of delays that would lead to payment of penalties. Also, for full disclosure,

I reiterate my position that a separate code should be assigned in respect of penalties for delay in

loans servicing.

Action Taken

The business process for debt servicing has been reengineered to reduce the processing time. This

has reduced considerably the payment of penalties.

15

8.4.0 Automatic Bank Reconciliation not fully operational: Paragraphs 44 to 47.

To minimize the risk associated with manual preparation of bank reconciliation, I urged CAGD to

collaborate with BoG to agree on a common reference number that could be used to facilitate

automatic bank reconciliation at both national and sub-national levels.

Action Taken

Transaction reference numbers have now been agreed on between BoG and CAGD. Setups have been

completed on GIFMIS awaiting final testing to operationalize the automatic Bank Reconciliation

functionality.

8.5.0 Special Characters found in the Supplier database: Paragraphs 48 to 53.

I urged CAG to exercise strong oversight on its database management system. Also, I recommended

that the vendor database should be reviewed and all irregular suppliers on the Accounts Payable

Module terminated.

Action Taken

All the special characters have been removed and effective controls are exercised on the supplier’s

database

8.6.0 Non Deduction of Withholding Tax: Paragraphs 54 to 65.

To minimize the risk of loss of Tax Revenue, I urged CAGD to setup application control mechanism that

would ensure that appropriate taxes are automatically withheld unless tax exemption reference letter

numbers are provided on the GIFMIS platform. Furthermore, I recommended that the Ministry of Food

and Agriculture should liaise with Ghana Revenue Authority to ensure that all taxes due GoG from the

supplier are paid into the Consolidated Fund, failure of which the Chief Director of MoFA would be

surcharged. I refer to the Contract Form on the contract agreement between Messrs. KNIGHTS A. S and

the MoFA which acknowledged the execution of the agreement in accordance with the laws of Ghana. The

procurement, in my view, was subject to the Ghana Tax Laws and therefore the withholding tax provisions

were applicable to the purchase of the tractors. Consequently, I reiterate my position that, the Chief

Director of MoFA should be surcharged with the loss of GHȻ612,500 being Withholding Tax not deducted.

16

Action Taken

The Chief Director of MOFA wrote to the suppliers, Messrs Knights A. S., for the refund of the tax. The

company replied indicating the nature of the transaction and terms of the contract do not make them

obliged to pay the tax.

8.7.0 Management of Tax Revenue with Commercial Banks:Paragraphs 66 to 75

To minimize the risk of revenue leakages from poor cash monitoring, I urged GRA to strengthen its control

over its accounts with both GCB and Ecobank by ensuring that they submit regular statements to all

relevant stations of GRA. I also recommended that GRA should ensure that all outstanding transactions

with GCB are cleared together with any associated penalties without any further delays. Furthermore, I

urged GRA to assess the overall performance of the commercial banks and consider whether or not to

continue doing business with the banks.

Action Taken

All the amounts due at 31st December 2014 have been paid by the two banks. The banks are now

paying the revenue on time.

8.8.0 Unreliable External Debt records on CSDRMS:Paragraphs 76 to 84

I recommended that the Head of DMD exercise strong oversight in the recording of external debt

transactions, paying particular attention to prompt update of the CSDRMS and regular reconciliation

with lending institutions. I also urged PDI to collaborate with DMD to clean the external debt schedule.

Action Taken

CSDRMS is being upgraded to ensure reliable report generation. DMD now collaborates well with PDI

and data from DMD is reconciled before incorporation into the accounts

8.9.0 Lack of Collaboration between DMD and ERM:Paragraphs 85 to 88

To minimize the risk of wrongful external debt repayments, I urged the two divisions to effectively

collaborate and share information on expected loan disbursement from lending institutions to PIUs.

Action Taken

A Committee has been setup comprising ERM, DMD and CAGD to ensure information sharing on loans

disbursement.

17

8.10.0 Delays in the transfer of Accrued GETFund: Paragraphs 89 to 93

To ensure that the operations of GETFund are not stifled due to financial constraints, I urged MoF to ensure

compliance.

Action Taken

With the exception of last quarter of 2014, all releases have been made up to November 2015.

8.11.0 Late Transfers into DACF: Paragraphs 94 to 98

To ensure that the District Assemblies have access to funds for their developmental activities, I urged the

Ministry of Finance to issue instructions for the transfer of the outstanding amount in compliance with Act

455.

Action Taken

With the exception of last quarter of 2014, all releases have been made up to December 2015.

8.12.0 Non Transfer of Non Tax Revenue: Paragraphs 99 to 111

To minimize the risk of budget overrun due to excessive retentions, I recommended that, MoF and

CAGD should ensure that the unpaid NTR totaling GH¢21,296,167.31 is transferred into the

appropriate Consolidated Fund account without any further delay.

I also recommended that, Ghana Tourism Authority should ensure full compliance with the provisions

of the Appropriations and Retentions Act by ensuring the transfer of surplus funds into the

Consolidated Fund. I reiterated my position that NTR of GH¢145,342 realised from the rental of GNTC

property by MoTI should be transferred into the Consolidated Fund.

Action Taken

A letter has been written to the Ministry of Trade to transfer the amount involved in the rental of

spaces in GNTC building. Ghana Tourism Authority has been written to, to refund the amount spent

without authority.

Reminder letters have been sent, directing Ghana Tourism Authority and all other MDAs to comply

with the law in the future.

8.13.0 Accounting for other Statutory Funds treated outside GIFMIS: Paragraphs 112 to 117

To ensure transparency with respect to the proper accounting of revenue that accrued to GETFund,

Petroleum/Road & Energy Fund and DACF, I urged CAGD to ensure that all transactions relating to

those are processed from deposit accounts set-up in GIFMIS. I also urged MoF in line with the relevant

18

Acts, to periodically communicate amount attributable to other statutory funds to CAGD to enable

them appropriately maintain the respective deposit accounts of GETFund, Petroleum/Road & Energy

Fund and DACF.

Action Taken

The unique codes created under the Chart of Accounts for Statutory Funds are being used and are

effectively supporting the management of the deposits.

8.14.0 Wrong treatment of GoG deposits with CDB in the Public Accounts: Paragraphs 118 to 123

To minimize the risk of loss of funds, I urged CAGD to strengthen its control on financial reporting.

Also, to ensure that the Public Accounts reflect the true state of affairs, I urged CAGD to readjust the

Public Accounts after reviewing all CDB transactions since its inception.

Action Taken

Reclassification of deposits has been done. Controls have been strengthened to prevent re-

occurrence.

8.15.0 Wrong Treatment of Foreign Exchange Transactions: Paragraphs 124 to 128

I urged CAG to institute control mechanism to ensure strict compliance with all Accounting Policies

including the Policy on foreign exchange conversions. I also urged CAG to make the necessary adjustment

in the Public Accounts to reflect the true state of affairs.

Action Taken

Exchange rates are now defined on GIFMIS and this will minimise the risk of wrong exchange rates on

foreign transactions being applied.

8.16.0 Wrong Categorisation of Domestic Debt: Paragraphs 129 to 133

I urged CAG to institute control mechanism to ensure strict compliance with all Accounting Policies

including the Policy on loan receipts. I also urged CAG to make the necessary adjustments in the Public

Accounts to reflect the true state of affairs.

Action Taken

Measures have been instituted to ensure that domestic debts are put into the right categories.

19

9 CONCLUSION

I wish to take this opportunity to thank the Hon. Minister, Hon. Deputy Ministers and staff of MoF

and CAGD and other public officers for the immense contribution made towards the preparation of

the Report and the Public Accounts on the Consolidated Fund for the year ended 2015.

I also wish to sincerely thank all staff of the Department who have worked tirelessly to ensure that

we put various systems in place for an improved service delivery to our clients.

In compliance with Section 41(1) (b) of the Financial Administration Act, 2003 (Act 654) and Regulation

191 of the Financial Administration Regulation, 2004 (LI 1802), I hereby present the Report and the

Public Accounts on the Consolidated Fund for the year ended December 31, 2015.

SEIDU KOTOMAH

Ag. CONTROLLER AND ACCOUNTANT-GENERAL

Public Accounts on the Consolidated Fund for the yea

SEIDU KOTOMAH

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED DECEMBER 31, 2015

ANNUAL REVISED ACTUAL VARIANCE

BUDGET BUDGET

NOTES GH¢ GH¢ GH¢ GH¢

RECEIPTS

DIRECT TAX 2 11,228,607,519 9,410,805,539 9,148,712,303 (262,093,236)

INDIRECT TAX 3 13,174,333,514 12,714,020,226 12,045,318,255 (668,701,971)

GRANTS 5 1,550,774,000 2,001,764,510 2,852,768,040 851,003,530

NON-TAX REVENUE 6 5,266,783,466 5,213,960,456 2,907,563,339 (2,306,397,117)

NHIL 7 1,185,674,914 1,185,674,914 1,237,603,071 51,928,157

LOANS RECEIVED 8 4,055,037,200 9,382,372,610 9,065,495,826 (316,876,784)

NET TREASURY OPERATIONS 9 8,697,559,537 5,064,425,377 3,449,073,836 (1,615,351,541)

RECOVERIES 24 0 0 15,639,879 15,639,879

TRUST MONIES 22 0 0 174,481,998 174,481,998

TOTAL RECEIPTS 45,158,770,150 44,973,023,632 40,896,656,547 (4,250,849,084)

PAYMENTS

COMPENSATION OF EMPLOYEES 10 12,597,696,797 12,597,696,797 12,574,728,570 22,968,227

GOODS AND SERVICES 11 4,523,265,030 4,600,535,450 1,866,273,281 2,734,262,168

NON-FINANCIAL ASSETS 12 4,578,680,456 3,978,866,084 1,461,390,362 2,517,475,722

INTEREST 13 9,577,176,464 9,349,796,464 9,084,510,936 265,285,528

GOVERNMENT SUBSIDIES 14 50,000,000 50,000,000 889,274,974 (839,274,974)

SOCIAL BENEFITS 16 19,949,436 19,949,436 14,148,777 5,800,659

OTHER EXPENSES 17 1,597,991,959 1,597,991,959 528,346,644 1,069,645,315

LOAN REPAYMENTS 19 2,799,228,500 4,633,406,900 2,687,223,400 1,946,183,500

STATUTORY PAYMENT 20 3,877,855,079 3,659,390,011 4,034,067,035 (374,677,024)

OTHER PAYMENTS 21 0 0 223,911,757 (223,911,757)

FINANCIAL ASSETS 23 0 0 190,879,893 (190,879,893)

FOREIGN FINANCED INVESTMENT18 4,399,423,199 4,399,423,199 5,944,535,499 (1,545,112,300)

TOTAL PAYMENTS 44,021,266,919 44,887,056,299 39,499,291,127 5,387,765,172

NET CHANGE IN STOCK OF CASH 1,397,365,419

CASH/BANK BALANCE AS AT

BEGINNING 1,640,031,719

CASH AND CASH EQUIVALENT AT CLOSE 3,037,397,138

20

STATEMENT OF REVENUE AND EXPENDITURE FOR THE YEAR ENDED DECEMBER 31, 2015

ANNUAL REVISED ACTUAL ACTUAL

BUDGET BUDGET 2015 2014

NOTES GH¢ GH¢ GH¢ GH¢

REVENUEDIRECT TAX 2 10,667,177,143 8,849,375,163 7,722,068,381 7,024,573,751

INDIRECT TAX 3 11,295,075,032 10,834,761,744 10,235,812,934 7,236,689,757

GRANTS 5 1,550,774,000 2,001,764,510 2,852,768,040 995,626,782

NON-TAX REVENUE 6 5,003,444,293 4,950,621,283 2,908,118,606 2,451,902,748

TOTAL REVENUE 28,516,470,468 26,636,522,700 23,718,767,962 17,708,793,039

EXPENDITURE

COMPENSATION OF EMPLOYEES 10 12,597,696,797 12,597,696,797 13,015,237,357 12,034,478,346

GOODS AND SERVICES 11 4,523,265,030 4,600,535,450 1,896,174,688 1,923,663,227

INTEREST 13 9,577,176,464 9,349,796,464 9,084,510,936 7,063,447,154

GOVERNMENT SUBSIDIES 14 50,000,000 50,000,000 893,258,165 862,178,609

EXCHANGE DIFFERENCE 15 0 0 6,823,681,990 10,119,216,620

SOCIAL BENEFITS 16 19,949,436 19,949,436 14,148,777 4,802,125

OTHER EXPENSES 17 1,597,991,959 1,597,991,959 529,050,482 409,828,323

FOREIGN FINANCED INVESTMENT 18 4,399,423,199 4,399,423,199 5,944,535,499 4,858,895,576

CONSUMPTION OF FIXED ASSETS 30 0 0 373,560,250 268,270,069

TOTAL EXPENDITURE 32,765,502,884 32,615,393,304 38,574,158,143 37,544,780,050

SURPLUS/(DEFICIT) (4,249,032,417) (5,978,870,605) (14,855,390,181) (19,835,987,011)

21

BALANCE SHEET AS AT DECEMBER 31, 2015

2015 2014

NOTES GH¢ GH¢

ASSETS

CURRENT ASSETS

Cash and Cash Equivalents 25 3,037,397,138 (139,848,788)Receivables 26 9,854,272 5,976,745

Prepayments 27 980,359 0

TOTAL CURRENT ASSET 3,048,231,769 (133,872,043)

NON CURRENT ASSETS

Receivables 28 1,543,519,119 1,466,075,462

Equity Investments 29 2,032,088,493 1,867,263,351Property, Plant & Equipment 30 4,477,564,167 3,633,213,945Work In-Progress 31 1,611,266,146 1,353,179,741

Intangible Assets 32 5,396,446 6,745,558

TOTAL NON-CURRENT ASSET 9,669,834,371 8,326,478,056

TOTAL ASSET 12,718,066,141 8,192,606,014

LIABILITIES

CURRENT LIABILITIES

Payables 33 919,166,885 584,985,479

Trust Monies 34 1,970,916,298 1,317,440,160

Domestic Loans 35 18,065,536,704 13,662,850,040TOTAL CURRENT LIABILITIES 20,955,619,887 15,565,275,679

NON- CURRENT LIABILITIES

Domestic Loans 35 20,424,193,401 19,434,227,335External Loans 36 57,328,480,809 40,897,702,192

TOTAL NON-CURRENT LIABILITIES 77,752,674,210 60,331,929,527

TOTAL LIABILITIES 98,708,294,097 75,897,205,206

NET ASSETS (85,990,227,956) (67,704,599,192)

CONTRIBUTED BY

Surpluses / (Deficits) (14,855,390,181) (19,835,987,011)Accumulated Surpluses / (Deficits) (71,134,837,775) (47,868,612,181)

NETWORTH (85,990,227,956) (67,704,599,192)

SEIDU KOTOMAH

Ag. CONTROLLER AND ACCOUNTANT - GENERAL

22

NETWORTH

STATEMENT OF CASHFLOW FOR

THE YEAR ENDED DECEMBER 31, 20152015 2014GH¢ GH¢

CASH FLOW FROM OPERATING ACTIVITIES

Cash Receipt From Operating Activities

Taxes 4 21,194,030,558 16,075,776,647

Grants 5 2,852,768,040 992,049,705

Non-Tax Revenue 6 2,907,563,339 2,450,524,070

NHIL 7 1,237,603,071 969,289,909

Total Receipt 28,191,965,008 20,487,640,331

Cash Payment For Operating Activities

Compensation of Employees 10 (12,574,728,570) (11,097,564,684)

Goods and Services 11 (1,866,273,281) (1,923,663,227)

Interest 13 (9,084,510,936) (7,063,447,154)

Social Benefit 16 (14,148,777) (4,802,125)

Other Expenses 17 (528,346,644) (409,828,323)

Statutory Payment 20 (4,034,067,035) (2,788,399,395)

Other Payments 21 (223,911,757) (340,329,696)

Foreign Financed Investment 18 (5,944,535,499) (4,858,895,576)

Government Subsidies 14 (889,274,974) (862,178,609)

Total Payment (35,159,797,473) (29,349,108,789)

NET CASHFLOW FROM OPERATING ACTIVITIES (6,967,832,465) (8,861,468,458)

CASHFLOW FROM INVESTING IN NONFINANCIAL ASSETS

Acquisition 12 (1,461,390,362) (1,777,420,468)

NET CASHFLOW FROM INVESTING IN NONFINANCIAL ASSETS (1,461,390,362) (1,777,420,468)

CASHFLOW FROM INVESTING IN FINANCIAL ASSETS

Acquisition of Financial assets 23

Loans (51,401,629) (1,739,789)

Shares and other equity (131,199,394) (66,364,462)

Advances (8,278,869) (681,327)

Total Acquisition of Financial Assets (190,879,893) (68,785,578)

23

STATEMENT OF CASHFLOW FOR

THE YEAR ENDED DECEMBER 31, 20152015 2014GH¢ GH¢

Disposal/Recovery of Financial assets 24

Loans 11,238,537 10,229,286Shares and other equity 0 0Advances 4,401,342 5,383,686

Total Disposal/Recovery of Financial assets 15,639,879 15,612,973

NET CASHFLOW FROM INVESTING IN NONFINANCIAL ASSETS (175,240,013) (53,172,605)

CASHFLOW FROM FINANCING ACTIVITY

Domestic

Inflow 9 52,031,412,984 33,967,142,071

Outflow 9 (48,582,339,148) (30,070,487,811)

Trust Monies 22 174,481,998 0

Net Incurrence of Domestic Liability 3,623,555,834 3,896,654,260

External

Inflow 8 9,065,495,826 7,318,799,620

Outflow 19 (2,687,223,400) (1,920,892,566)

Net Incurrence of Foreign Liability 6,378,272,426 5,397,907,054

NET CASHFLOW FROM FINANCING ACTIVITY 10,001,828,260 9,294,561,314

NET CHANGE IN STOCK OF CASH 1,397,365,419 (1,397,500,217)

CASH AND CASH EQUIVALENT AT BEGINNING 1,640,031,719 1,257,651,429

CASH AND CASH EQUIVALENT AT CLOSE 3,037,397,138 (139,848,789)

24

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.1 General Statement

The Government of Ghana (GoG)is a not for profit making sovereign entity preparing General Purpose

Financial Statements in accordance with generally accepted accounting principles as prescribed by the

Financial Administration Act (FAA)2003, Act 654 and the accompanying Financial Administration

Regulation(FAR) 2004, LI 1802

In preparing the Financial Statements, the Controller and Accountant General (CAG) who is the Chief

Accounting Officer of Government of Ghana takes cognizance of the 1992 Constitution and the Financial

Administration Act 2003, Act 654 and its accompanying Regulation 2004. These statutes form the legal

framework governing financial management of the Government of Ghana and also define the scope of the

financial statements to be prepared by the CAG which covers only the Consolidated Fund

1.2 Policy Statement

Furthermore, the Public Accounts of Ghana is prepared with the adoption of (IPSAS) full accrual in mind.

The adoption of IPSAS in Ghana was launched by the Honorable Minister of Finance and a formal

declaration was made under paragraph 819 to 81 of the 2015 budget and economic policy presented to

parliament in November, 2014.

An implementation plan for the adoption of (IPSAS) Accrual is currently under development.

1.3 Basis of Preparation

The Financial Statements are prepared on modified Accrual Basis using the Historical Cost Convention.

The Accounting Policies adopted in preparing the Financial Statements have been consistently applied

throughout all periods presented unless otherwise stated.The Financial Statements are presented in Ghana Cedis and all values are rounded to the nearest Ghana

Cedi.

1.4 Transactions denominated in foreign currency

Transactions denominated in foreign currency are converted using the exchange rate at the time of the

transaction. Monetary items are converted using the exchange rate at the Balance Sheet date. Any

exchange loss resulting is charged against the current financial year while exchange gain is deferred until

realized.

1.5 Comparative Figures

Comparative figures are, where appropriate, reclassified to be comparable with the figures presented in

the current financial year. Basically a figure of a particular current period of the current financial year is

compared with a figure of the same period in the previous financial year. However in some instances a

figure of a particular current period is compared with a figure for the immediate preceding period. The

two instances are stated clearly in the presentation when adopted.

25

1.6 Assets and services received in kind

Assets and services received free of charge or for nominal cost are recognised as Grant at the fair value of

the assets and/or the fair value of those services that the Government would otherwise pay for, where the

fair value can be reliably measured. A corresponding expense is recognised for services received. Receipts

of assets are recognised in the Balance Sheet.

1.7 Revenue

Government reports revenue in the period in which they are received and lodged into the Treasury

Accounts with Bank of Ghana. Revenue received is apportioned among the Consolidated Fund and the

other statutory funds like the GETFund, District Assembly Common Fund, Energy Fund, Exploration Fund,

Road Fund and Petroleum Fund. The reported revenue in the Statement of Revenue and Expenditure is the

Consolidated Fund portion of the revenue received. The other Statutory Funds revenue is accrued and

transferred to the Institutions managing them.

1.8 Expenditure

The reported expenditure which is solely from the consolidated fund is recognized when incurred.

1.9 Assets

In compliance with IPSAS and in line with best practice, Fixed Assets acquired during the year is

capitalized and shown in the Balance Sheet and depreciation is not to be charged in the year of acquisition.

The fixed assets capitalized in 2012 have been depreciated using the straight line method with the

following rates;

2.0 Loans Received.

Loans received are recorded on a Cash Basis and are classified into short term (≤1year), medium term (>1

year ≤ 3 years) and long term (> 3 years) according to the time of maturity for repayment.

2.1 Investments

Investment which is made up of Equity investment, Loans and other investments are recorded on cash

basis. Loans and other investments are classified into current receivables (≤1 year) and non-current

receivables (>1year)

26

1.10 Provisions

Government does not make provision for irrecoverable investment until they are highly probable where a

request will be made to Parliament for write-off. The provision for equity investment of GH ¢2,958,236

and noncurrent receivables of GH¢ 100,101,686 in the accounts are investments the recovery of which is

highly improbable and a request to Parliament for a write-off is awaiting approval.

1.11 Cash and Cash equivalent.

Cash and cash equivalent is restricted to only cash on hand and cash balances on bank accounts.

1.12 Project loans and grants

Project loans are currently treated as ‘in and out’ thus income and expenditure at the same time since

detail data on their disbursement are not readily available.

27

NOTES TO THE ACCOUNTS2015 2014

SCHEDULES GH¢ GH¢

2 DIRECT TAX

Paid by Individuals 4,990,158,203 3,707,554,685

Paid by Corporations 3,271,115,680 3,794,324,483

Miscellaneous 887,438,420 478,204,533

Total Receipt 9,148,712,303 7,980,083,701

Less

DACF 1,426,643,921 955,509,950

Total Revenue 7,722,068,381 7,024,573,751

3 INDIRECT TAX

General Taxes on Goods and Services 2,731,997,499 2,103,646,446

Excises 1,975,722,991 286,336,258

Customs and Other Import Duties 6,693,749,389 5,275,417,480

Taxes on Exports 370,580,830 318,550,000

Petroleum Related Fund 273,267,546 111,742,762

Total Receipt 12,045,318,255 8,095,692,946

Less:

GETFund 924,755,306 747,260,427

Petroleum Related Fund 273,267,546 111,742,762

GIIF 611,482,469

Total 1,809,505,321 859,003,189

Total Revenue 10,235,812,934 7,236,689,757

4 Taxes

Directs Taxes 9,148,712,303 7,980,083,701

Indirect Taxes 12,045,318,255 8,095,692,946

Total 21,194,030,558 16,075,776,647

5 GRANT

Project Grant 2a 2,121,264,608 799,068,861

Program 2b 664,006,492 105,134,901

District Development Facility 2c 67,496,940 87,845,943

Non Project Type 4c 0 3,577,078

Total Revenue 2,852,768,040 995,626,782

Less:

Non Project Type 0 3,577,078

Total Receipt 2,852,768,040 992,049,705

6 NON-TAX REVENUE

Property income 1,098,756,482 964,197,205

Sales of goods and services 244,281,758 481,839,150

Fines, penalties, and forfeiture 21,860,134 34,787,559

Miscellaneous 456,270,409 971,078,835

ABFA Share of Oil Revenue 1 1,086,949,823 0

Total 2,908,118,606 2,451,902,748Less

Non-Cash Interest 555,267 1,378,679

Total Receipt 2,907,563,339 2,450,524,070

28


SCHEDULES GH¢ GH¢

7 NHIL

SSNIT 261,301,703 218,198,655

Domestic 535,164,946 69,235,473

Import 441,136,421 681,855,781

Total 1,237,603,071 969,289,909

8 LOANS RECEIVED

Bilateral Loans 9 5,673,619,584 5,057,470,544

Multilateral Loans 9 1,724,601,488 933,948,973

External Commercial Institution 9 1,594,423,377 1,219,513,837

Domestic Commercial Institution 8a 72,851,377 107,866,266

Total Loans Received 9,065,495,826 7,318,799,620

9 NET TREASURY OPERATIONS 8

Stocks Issued

Short Term Borrowing 8a 47,024,070,776 30,892,382,213

Medium Term Borrowings 0 0

Stocks and Bonds 8b 5,007,342,207 3,074,759,858

Total Stocks Issued 52,031,412,984 33,967,142,071

Less

Stocks Redeemed

Short Term Borrowing 8a 43,064,452,538 24,449,272,595

Medium Term Borrowings 0

Stocks and Bonds 8b 5,517,886,610 5,621,215,216

Total Stocks Redeemed 48,582,339,148 30,070,487,811

Net Treasury Operations 3,449,073,836 3,896,654,260

10 COMPENSATION OF EMPLOYEES 11c

Established Position 9,721,251,749 10,032,347,599

Established Position Arrears 437,033,192 0

Non Established Post 1,331,872 3,881,687

Allowances 1,136,610,233 265,681,818

Allowances Arrears 80,470,667 0

*National Pension Contribution 1,638,539,645 1,732,567,243

Total Expenditure 13,015,237,357 12,034,478,346

Less

Unpaid Compensation of Employees 35,189,275 0

13% SSF Accrued for the year 403,675,215 846,437,432

PAYE 0 85,599,145

Staff Advances Accrued 515,191 0

Public Housing Loan 385,039 0

Deposits 744,068 4,877,085

Total 440,508,787 936,913,662

Total Payments 12,574,728,570 11,097,564,684

29


SCHEDULES GH¢ GH¢

National Pension Contribution*13.5% SSF Contribution 801,973,194 680,224,671Gratuity 159,735,418 358,505,436Pension 676,642,126 639,359,810End of Service Benefit (ESB) 188,906 54,477,325Total 1,638,539,645 1,732,567,243

11 GOODS AND SERVICES 11d

Materials and Office Consumables 452,338,833 600,249,334

Utilities 250,464,870 169,136,146

General Cleaning 1,309,622 3,558,104

Rentals 7,738,720 33,450,635

Travel and Transport 127,512,886 190,163,967

Repairs and Maintenance 61,180,186 212,033,763

Training, Seminar and Confer 226,783,380 304,911,730

Consultancy Expenses 40,709,330 243,876,624

Special Services 410,874,424 6,255,418

Other Charges and Fees 316,873,868 157,284,032

Emergency Services 388,570 2,672,284

Statutory transfers 0 71,190


Less:

Unpaid Goods and Services 29,901,407 0

Total Payments 1,866,273,281 1,923,663,227

12 NON-FINANCIAL ASSETS 7

Fixed asset 1,216,561,360 1,277,366,027

Work In Progress 258,086,406 493,308,884

Intangible Asset 0 6,745,558

Total Expenditure 1,474,647,766 1,777,420,468Less:Unpaid Non-Financial Asset 13,257,404 0

Total Payments 1,461,390,362 1,777,420,468

13 INTEREST 11b

Non Residents 1,607,346,764 1,290,377,022

Residents 7,211,167,518 5,773,070,133

Overdraft 265,996,653 0


14 GOVERNMENT SUBSIDIES 11b

Utility 144,000,000 0

Petroleum Products 649,236,342 795,284,500

Fertilizer Subsidy 30,780,755 66,894,109

Capitation Grants 24,987,230 0

Schools Subsidy 44,253,838 0

Total Expenditure 893,258,165 862,178,609

Less:

Unpaid Subsidies 3,983,191 0

Total Payments 889,274,974 800,122,179

30


SCHEDULES GH¢ GH¢

15 Exchange Difference 9

Multi-Lateral 2,122,378,191 3,500,282,549

Bilateral 2,643,669,799 3,711,364,161

Commercial 2,057,633,999 2,907,569,910


16 SOCIAL BENEFITS 11e

Social security benefits in 5,593 138,794

Social assistance benefits 0 639,363

Employer social benefits in 14,143,184 4,023,969


17 OTHER EXPENDITURE 11f

Insurance and compensation 39,089,651 23,640,540

Professional fees 455,527 50,971,598

Customs Duties 0 2,200

Court Expenses 74,674 184,748

Other Charges 927,489 0

Awards & Rewards 0 252,736

Donations 648,190 1,956,035

Contributions 87,908,428 37,085,297

Tuition Fees 33,671 38,138,513

Special Operations 199,426,628 129,723,510

Scholarship & Bursaries 164,262,811 84,162,770

Refuse Lifting Expenses 7,200 11,257,410

Civic Numbering/Street Naming 45,000 874,085

Duty Refund (GRA) 0 10,535,929

Rent 161,410 630,489

National Awards 0 408,512

Grants to Households 36,009,802 20,003,950


Less:

Unpaid Other Expenditure 703,837 0

Total Payments 528,346,644 495,885,066

18 FOREIGN FINANCED INVESTMENT

External loans Expenditure 5,923,085,751 4,059,826,715

Standard Loans Expenditure 21,449,748 0

Project Grants Expenditure 0 799,068,861

Total 5,944,535,499 4,858,895,576

19 LOAN REPAYMENTS

Bilateral Loans 9 1,245,228,396 895,291,035

Multilateral Loans 9 149,163,537 105,779,125

External Commercial Institution 9 1,069,267,862 303,281,883

Domestic Commercial Institution 8a 223,563,604 616,540,523

Total 2,687,223,400 1,920,892,566

31


SCHEDULES GH¢ GH¢

20 STATUTORY PAYMENT

GET Fund 1,023,547,899 804,820,080

District Assembly Common Fund 1,687,229,619 690,499,709

Petroluem/Road/Energy Fund 227,334,517 229,880,606

NHIL 1,095,955,000 1,063,199,000

Total 4,034,067,035 2,788,399,395

21 OTHER PAYMENTS

Prepayments 831,416 0

P.A.Y.E 0 98,862,152

SSNIT 79,294,477 295,804,477

Deposits 0 753,428

10% salary cut 896,457 0

Supplier Liability Paid 144,377,791 0

Total 225,400,142 395,420,058

Less:

Prepayments 1,488,385 0

Accounts Payable 0 55,090,362

Total 223,911,757 340,329,696

22 TRUST MONIES

Pool Funds 173,372,000 0

Third Party Deposites 1,109,998 0

Total 174,481,998

23 ACQUISITION OF FINANCIAL ASSETS

Loans 51,401,629 1,739,789

Equity Investment 131,199,394 66,364,462

Advances 8,278,869 681,327

Total 190,879,893 68,785,578

24 DISPOSAL/RECOVERIES OF FINANCIAL ASSET

Shares and other equity 0

Loans 11,238,537 10,229,286

Shares and other equity 0 0

Advances 4,401,342 5,383,686

Total 15,639,879 15,612,973

32


SCHEDULES GH¢ GH¢25 Cash and Cash Equivalents

Cash Balance

Treasury Main Account (4,558,365,058) (7,309,246,248)

MDA Sub-CF Accounts 1,638,669,060 633,220,188

Regional Sub-CF Accounts 3,840,854 (812,329)

MMDA Sub-CF Accounts 129,330,572 121,780,803

Tax Revenue Accounts 2,212,239,031 1,538,513,063

NTR Revenue Accounts 891,366 (15,956,185)

Special Accounts 2,894,335,608 4,778,857,794

Domestic Commercial Banks 81,811,955 44,009,599

Total Cash Balance 2,402,753,386 (209,633,315)

Collateral Securities

Banko Du Brazil-Hanger Project 43,970,115 24,049,240

Banko Du Brazil-Eastern Corridor 24,049,241 3,676,826

CDB Owner Contribution 192,069,065 41,642,584

CDB Debt Service Reserve 364,979,295 415,877

CDB Collection Account 9,576,037 0

Total Collateral Securities 634,643,752 69,784,527

Total Cash And Cash Equivalent 3,037,397,138 (139,848,788)

26 Current Receivables 3

Vehicle Advances 3a 6,268,465 4,401,433

Special Advances 3b 311,207 327,584

Salary Advances 3c 2,283,748 256,877

Departmental Revolving Fund 3d 990,852 990,852

Total 9,854,272 5,976,745

27 Prepayments 980,359 0

28 Non Current Receivables

Statutory Boards & Corporations 4b 694,616,851 645,215,222

General 4a 921,980 921,980

Companies 4c 692,712,530 664,670,502

Miscellaneous 4d 246,980,775 246,980,775

Foreign Governments / Agencies 4e 8,482,555 8,482,555

Total 1,643,714,691 1,566,271,034

Provisions 10 (100,195,572) (100,195,572)

Total 1,543,519,119 1,466,075,462

29 Equity Investment

Trust 5a 7,540,675 6,985,408

International Agencies 5b 4,983,761 29,289,761

Companies & Public Corporations 5c 2,022,522,292 1,833,946,418

Total 2,035,046,728 1,870,221,587

Less:

Provisions 10 2,958,236 2,958,236

Total 2,032,088,493 1,867,263,351

33


SCHEDULES GH¢ GH¢

30 Property, Plant & Equipment 7a

Dwellings 67,195,709 33,710,896

Non Residential Buildings 187,125,170 171,869,401

Other structures 2,061,814,266 1,382,213,306

Transport Equipment 515,593,284 386,420,699

Other machinery and equipment 1,353,388,131 1,218,116,337

Infrastructure Assets 1,096,641,545 872,866,106

Total 5,281,758,106 4,065,196,746

Less:

Consumption of Fixed Assets 372,211,138

Accumulated Consumption of Fixed Assets 431,982,800 431,982,801

Net Book Value 4,477,564,167 3,633,213,945

31 Work - In - Progress 7b

Dwellings 120,753,904 114,102,645

Non Residential Buildings 276,050,799 204,458,121

Other structures 912,118,078 811,986,725

Transport Equipment 29,728,102 2,625,894

Other machinery and equipment 0 0

Infrastructure Assets 272,615,263 220,006,357

Total 1,611,266,146 1,353,179,741

32 Intangible Asset 7a

Computer Software 6,745,558 6,745,558

Total 6,745,558 6,745,558

Less:

Consumption of Fixed Assets 1,349,112 0

Net Book Value 5,396,446 6,745,558

33 Payables

Supplier 99,685,972 68,656,550

Withholding 2,176,970 1,058,490

P.A.Y.E 0 85,599,154

SSNIT 6 474,789,924 38,800,000

NPRA 6 333,795,062 390,871,285

Staff Advances Recovery 515,191 0

Rent & Rates 385,039 0

Payables- Compensation 7,818,728 0

Total 919,166,885 584,985,479

34


SCHEDULES GH¢ GH¢

34 Trust Monies 6

GETFund 303,273,415 402,066,007

NHIL 420,418,825 278,770,754

DACF 404,257,468 735,983,581

Petroleum Fund & Road Fund 45,933,029 (106,193,502)

Political Appointees 10% Sal Cut 0 896,457

Deposits 5,621,157 4,877,085

Special funds 1,039,777 1,039,777

Pool Funds 173,372,000 0

Third Party Deposit 5,518,160 0

GIIF 611,482,469 0

Total 1,970,916,298 1,317,440,160

35 Domestic Borrowing 8

Current (Short Term) 18,065,536,704 13,662,850,040

Non Current (Medium Term) 12,535,318,269 15,035,816,997

Non Current (Long Term) 7,888,875,132 4,398,410,338

Total 38,489,730,105 33,097,077,375

36 External Borrowing 9

Multi-Lateral 18,876,776,064 14,338,213,766

Bilateral 24,929,115,252 16,969,883,688

Commercial 13,522,589,493 9,589,604,738

Total 57,328,480,809 40,897,702,192

35

A CHART SHOWING THE REVENUE AND EXPENDITURE FOR THE YEAR 2015

COMPENSATION OF EMPLOYEESGOODS AND SERVICESINTERESTSOCIAL BENEFITSOTHER EXPENSESGOVERNMENT SUBSIDIESCONSUMPTION OF FIXED ASSETSEXCHANGE DIFFERENCEFOREIGN FINANCED INVESTMENT

REVENUE BY ITEM

EXPENDITURE BY ITEM

DIRECT TAX32.557%

INDIRECT TAX43.155%

GRANTS12.027%

NON-TAX REVENUE12.261%

COMPENSATION OF EMPLOYEES

33.741%

GOODS AND SERVICES4.916%

INTEREST23.551%

SOCIAL BENEFITS0.037%

OTHER EXPENSES1.372%

GOVERNMENT SUBSIDIES

2.316%

CONSUMPTION OF FIXED ASSETS

0.968%

EXCHANGE DIFFERENCE

17.690%

FOREIGN FINANCED INVESTMENT

15.411%

36

NO. SCHEDULES PAGE

1 Petroleum Lifting 382 Grants 39

3 Advances

3a Vehicle 403b Special 423c Salary 433d Departmental revolving fund 44

4 Loans

4a General 464b Statutory Boards and Corporations 464c Companies 474d Miscellaneous 524e Other Governments 55

5 Equity and Other Investments

5a Trust Fund 565b International Agencies 565c Public Board and Co-operation 56

6 Deposits and Other Trust Monies 58

7 Non Financial Assets Schedule

7a Fixed Assets 607b Work-In-Progress 63

8 Domestic Borrowing 64

9 External Borrowing 66

10 Provision for doubtful debts 75

ADDITIONAL STATEMENTS

37

1

2015 OIL REVENUE PER LIFTING 23RD 24TH 25th 26th 27th 28th 29th TRANSFER TOTAL

ROYALTIES FROM OIL AND GAS 39,209,772 31,978,354 35,925,480 41,680,252 39,753,782 36,052,787 12,301,048 0 236,901,476

INTEREST ADDED TO ROYALTIES 0 7,747 3,972 12,876 8,977 7,745 6,622 0 47,939

GAS RECEIPT 0 0 0 0 0 0 546,316 0 546,316

CARRIED AND PARTICIPATING INTEREST(EQUITY)101,622,267 82,880,176 93,110,174 108,024,858 103,032,209 93,440,122 31,881,349 0 613,991,154

CORPORATE INCOME TAX 0 0 0 0 0 27,149,048 0 0 27,149,048

OTHER RECEIPTS (Surface Rental) 2,193,882 37,688 0 0 788,389 0 107,648 0 3,127,607

STABILISATION 0 0 0 0 0 0 0 205,186,283 205,186,283

TOTAL 143,025,922 114,903,965 129,039,626 149,717,986 143,583,357 156,649,702 44,842,983 205,186,283 1,086,949,823

ABFA SHARE OF PETROLEUM LIFTING FOR THE YEAR 2015

38

2

GRANTS SCHEDULE 2015 2014GH¢ GH¢

2a PROJECT GRANTSAFRICAN DEVELOPMENT BANK 169,416,474 166,139,241CANADA 13,886,589 24,060,000DENMARK 45,607,934 40,450,000FRANCE 0 710,000JAPAN 0 34,860,000NETHERLANDS 50,537,070 0SPAIN 956,313 0SWISS GOV'T 0 9,790,000EUROPEANS UNION 725,947,651 189,367,089UNITED KINGDOM 46,684,851 37,490,000UNITED NATIONS DEVELOPMENT PROGRAMME 89,378,262 31,044,304UNITED NATIONS POPULATION FUND (UNFPA) 6,045,986 7,151,899UNICEF 141,324,926 94,430,380WORLD BANK 155,268,081 142,310,127WFP 27,841,441 21,265,823USA 429,028,045 0DENMARK- SBS 4,580,900 0EUROPEAN COMMSSION-SBS 193,679,801 0DEPARTMENT FOR INTERNATIONAL DEVELOPMENT (DfID) 21,080,284 0TOTAL 2,121,264,608 799,068,861

2b PROGRAM GRANTCIDA 0 9,505,992CANADA 56,941,318 0FRANCE 0 1,306,433EUROPEAN COMMISSION 487,474,799 0SWISS GOVT 26,179,223 24,603,369UNITED KINGDOM 56,600,000 0DENMARK 36,811,152 69,719,107TOTAL PROGRAM 664,006,492 105,134,901

2c DDF GRANTSSWISS GOVT 11,432,432 6,750,770GERMANY 26,864,618 58,800,916IDA 29,199,890 0DENMARK 0 22,294,257TOTAL DDF 67,496,940 87,845,943

TOTAL GRANTS 2,852,768,040 992,049,705

39

3 ADVANCES

a) VECHICLE Balance Prior Year Adjusted Advances Total Interest Principal Balance

MDA 31/12/2015 Adjustment Balance Granted Recoveries Recoveries Recoveries 31/12/2015

3a VEHICLE

Audit Service 244,349 0 244,349 278,000 198,597 3,894 194,703 327,646

Commission on Human Rights and Administration Justice30,497 0 30,497 88,000 42,482 833 41,649 76,848

District Assemblies Common Fund 5,557 0 5,557 - 4,732 93 4,639 917

Electoral Commission 65,915 0 65,915 17,300 6,568 129 6,439 76,776

Judicial Service 39,061 0 39,061 176,800 17,832 350 17,483 198,378

Ministry of Chieftaincy and Culture 177,928 0 177,928 197,000 35,275 692 34,583 340,345

Ministry of Communication 159,084 0 159,084 166,000 98,537 1,932 96,605 228,479

Ministry of Defence 77,577 0 77,577 58,000 31,507 618 30,889 104,688

Ministry of Education 204,206 0 204,206 177,356 119,625 2,346 117,280 264,282

Ministry of Employment and Labour Relation 143,898 0 143,898 60,000 107,628 2,110 105,517 98,380

Ministry of Energy and Petroleum 59,189 0 59,189 112,000 24,802 486 24,316 146,873

Ministry of Environment, Science and Technology 10,498 0 10,498 17,000 13,170 258 12,912 14,586

Ministry of Finance 26,017 519,582 545,598 797,500 458,773 8,996 449,777 893,321

Ministry of Food and Agriculture 6,346 0 6,346 130,000 18,142 356 17,786 118,560

Ministry of Foreign Affairs and Regional Integration 93,585 0 93,585 - 24,260 476 23,784 69,801

Ministry of Gender, Children and Social Protection 4,672 0 4,672 34,300 10,986 215 10,771 28,201

Ministry of Health 267,916 0 267,916 215,000 144,264 2,829 141,435 341,481

Ministry of Interior 201,129 0 201,129 115,000 110,885 2,174 108,711 207,418

Ministry of Justice 79,468 0 79,468 69,000 31,861 625 31,236 117,232

Ministry of Lands and Natural Resources 130,998 0 130,998 64,000 20,005 392 19,613 175,385

Ministry of Loal Government and Rural Development 158,711 0 158,711 117,000 129,637 2,542 127,095 148,616

Ministry of Roads and Highways 168,835 0 168,835 22,000 39,554 776 38,778 152,057

Ministry of Tourism, Culture and Creative Arts 139,272 0 139,272 6,000 67,850 1,330 66,519 78,753

Ministry of Trade and Industry 155,642 0 155,642 - 39,109 767 38,342 117,300

Ministry of Transportation 95,035 0 95,035 20,000 24,407 479 23,929 91,106

Ministry of Water Resources, Works and Housing 245,515 0 245,515 69,000 28,091 551 27,540 286,975

Ministry of Youth and Sports 35,603 0 35,603 40,000 23,032 452 22,580 53,023

National Commission for Civic Education 36,959 0 36,959 - 11,165 219 10,946 26,013

National Development Planning Commission 26,784 0 26,784 45,000 16,080 315 15,765 56,019

National Labour Commission 11,078 0 11,078 48,000 13,453 264 13,190 45,888

40

3 ADVANCES

a) VECHICLE Balance Prior Year Adjusted Advances Total Interest Principal Balance

MDA 31/12/2015 Adjustment Balance Granted Recoveries Recoveries Recoveries 31/12/2015

3a VEHICLE

National Media Commission 1,500 0 1,500 16,000 896 18 878 16,622

Office of Government Machinery 1,203,197 (519,582) 683,615 1,163,806 564,642 11,071 553,571 1,293,851

Public Service Commission 95,265 0 95,265 - 23,075 452 22,623 72,643

Public Utility and Regulatory Commission 148 0 148 - 149 3 146 2

TOTAL 4,401,433 0 4,401,433 4,319,062 2,501,070 49,041 2,452,030 6,268,465

41

3b SPECIALBalance Advances Balance

MDA 1/1/2015 Granted Recoveries 31/12/2015

Ministry od Food and Agriculture 1,230 0 0 1,230

Ministry of Lands and Natural Resources (0) 0 0 (0)

Ministry of Communication 2,147 0 0 2,147

Ministry of Education 39,911 0 26,360 13,551

Ministry of Employment and Labour Relation 643 0 0 643

Ministry of Loal Government and Rural Development 45,931 72,324 20,340 97,914

Ministry of Health 338 0 0 338

Ministry of Interior 0 0 0 0

Audit Service 50,757 4,819 1,550 54,026

Ministry of Roads and Highways 0 0 0

Ministry of Justice 2,226 981 1,245

Ministry of Finance 158,689 43,343 75,722 126,311

Office of Government Machinery 23,789 0 10,123 13,666

Public Service Commission 749 0 0 749

Ministry of Water Resources, Works and Housing 1,816 0 1,786 30

TOTAL 327,584 120,486 136,863 311,207

42

3 ADVANCES 3c SALARY

MDAS BAL AS AT 01/01/2015 RECOVERIES PAYMENTS REFUND

BAL AS AT 21/12/15

Ministry od Food and Agriculture 13,950 7,991 8,006 0 13,965

Ministry of Lands and Natural Resources 1,614 696 2,077 0 2,995

MOTI 826 178 0 0 648

Min of Energy 2,952 0 0 0 2,952

Ministry of Water Resources, Works and Housing 3,123 1,184,436 0 1,187,559

MRH 6,690 1,892 5,673 0 10,471

Ministry of Education (32,093) 40,540 6,248 0 (66,386)

Min of Youth & Sports 4,007 5,771 6,844 0 5,080

MESTI 2,955 0 0 0 2,955

Ministry of Health 78,340 1,558,695 1,344,481 0 (135,874)

Ministryof Employment 1,362 0 0 0 1,362

Ministry of Interior 3,111 0 0 0 3,111

Ministry of Loal Government and Rural Development 8,412 15,942 18,312 0 10,782

Office of Government Machinery 91,042 22,382 14,926 0 83,587

Ministry of Communication 850 21,450 24,967 0 4,367

Min of Justice (19) 0 0 0 (19)

Min of Foreign Affairs 8,500 0 1,003,418 0 1,011,918

Min of Finance 27,000 25,754 25,872 0 27,118

Min of Defence 3,682 0 0 0 3,682

Min of Tourism 4,444 0 0 0 4,444

Judicial Service 3,575 792 2,376 0 5,159

Min of Gender and Social Protection 2,376 1,530 0 0 846

MGT.Serv. Division (6,889) 0 0 0 (6,889)

CAGD 15,970 83,880 139,825 0 71,915

Audit Service 11,098 25,194 52,098 0 38,002

TOTAL 256,877 1,812,687 3,839,558 0 2,283,748

43

3 ADVANCES

3d DEPARTMENTAL VEHICLE REVOLVING FUND MDAs Balance Balance

31/12/2014 PAYMENT RECOVERIES 31/12/2015

GH(¢) GH(¢) GH(¢) (GH¢)Audit Service 25,117 0 0 25,117

Bureau of National Investigation 16,043 0 0 16,043

Central Systems Devt Unit 0 0 0 0

CHRAJ 5,300 0 0 5,300

Council For Law Reporting 2,397 0 0 2,397

Council For Scientific & Industrial Research 13,300 0 0 13,300

Council of State 63,560 0 0 63,560

District Assemblies Common Fund 3,600 0 0 3,600

Electoral Commission 2,000 0 0 2,000

Environmental Protection Agency 800 0 0 800

Forestry Commission 4,845 0 0 4,845

Ghana Armed Forces 24,000 0 0 24,000

Ghana Atomic Energy Commission 6,600 0 0 6,600

Ghana Broadcasting Corporation 20,450 0 0 20,450

Ghana Highways Authority 800 0 0 800

Ghana Immigration Service 1,400 0 0 1,400

Ghana Institute of Journalism 500 0 0 500

Ghana Institute of Languages 2,000 0 0 2,000

Ghana National Fire Service 10,200 0 0 10,200

Ghana News Agency 8,323 0 0 8,323

Ghana Police Service 20,000 0 0 20,000

Ghana Prison Service 11,600 0 0 11,600

Ghana Registered Nurses Association 1,200 0 0 1,200

Ghana Standards Board 3,300 0 0 3,300

Ghana Tourist Board 3,500 0 0 3,500

GIMPA 12,200 0 0 12,200

Hotel,Catering & Tourism Training Centre 7,000 0 0 7,000

Institute of Professional Studies 2,200 0 0 2,200

Judical Service 9,110 0 0 9,110

Kwame Nkrumah University of Sc& Tech. 16,000 0 0 16,000

Land Valuation Board 2,500 0 0 2,500

Lands Commission 1,280 0 0 1,280

Law Reform Commission 1,200 0 0 1,200

Management Dev't & Productivity Institute 3,900 0 0 3,900

Ministry of Parliamentary Affairs 520,920 0 0 520,920

Museums & Monuments Board 2,000 0 0 2,000

National Board For Small Scale Industries 350 0 0 350

National Commission On Civic Education 7,500 0 0 7,500

National Commission on Culture 6,000 0 0 6,000

National Council For Tertiary Education 4,500 0 0 4,500

National Council On Women & Development 5,200 0 0 5,200

National Development Planning Commission 4,397 0 0 4,397

National Onchocerciasis Secretariat 500 0 0 500

National Service Secretariat 2,250 0 0 2,250

National Sports Council 10,600 0 0 10,600

New Times Corporation 4,000 0 0 4,000

Noguchi Memorial Inst. for Med.Research 3,600 0 0 3,600

Opportunities Industrialisation Centre 2,350 0 0 2,350

Pharmacy Council 350 0 0 350

Prices And Incomes Board 2,050 0 0 2,050

School of Administration 5,000 0 0 5,000

State Enterprises Commission 1,500 0 0 1,500

Statistical Service 18,000 0 0 18,000

Supplies & Stores Inspectorate 500 0 0 500

Takoradi Polytenic 1,000 0 0 1,000

Tamale Polytecnic 2,000 0 0 2,000

U S T-School of Medical Sciences 10,100 0 0 10,100

Univerity of Cape Coast 16,500 0 0 16,500

University of Development Studies, Tamale. 11,000 0 0 11,000

University of Education, Winneba. 11,000 0 0 11,000

University of Ghana Medical School 11,300 0 0 11,300

University of Ghana , Legon 20,160 0 0 20,160 TOTAL 990,852 0 0 990,852

44

4. LOANS RECEIVABLES SCHEDULEBalance as at Loans Balance as at

INSTITUTION 31/12/2014 Adjustments Granted Recoveries 31/12/20154a

G E N E R A L

Ghana Railway and Ports Authority 921,686 0 0 0 921,686

Local Authorities 293 0 0 0 293

TOTAL 921,980 0 0 0 921,980

4b

PUBLIC BOARDS AND CORPORATION

State Farms Corporation 32,886 0 0 0 32,886

New Times Corporation 74,352 0 0 0 74,352

Ghana Enterprise Development Commission 883 0 0 0 883

Agricultural Development Bank 38,967,282 0 0 0 38,967,282

State Transport Corporation 6,775,392 0 0 0 6,775,392

National Investment Bank 5,067 0 0 0 5,067

State Gold Mining Corpration 140,430 0 0 0 140,430

Post and Telecommunication (Ghana Telecom) 5,108,187 0 0 0 5,108,187

Ghana Agricultural Development Corporation 630 0 0 0 630

Architectural Engineering Services Corporation 79,106 0 0 0 79,106

Ghanaian Industrial Development Corporation 1,746 0 0 0 1,746

State Hotels Corporation 46,002 0 0 0 46,002

State Construction Corporation 275,644 0 0 0 275,644

State Housing Corporation 254,746 0 0 0 254,746

Ghana Supply Commission 3,282 0 0 0 3,282

Omnibus Services Authority 20,509,151 0 0 0 20,509,151

Ghana Tourist Corporation 20 0 0 0 20

Ghana Water and Sewerage Corporation (GWCL) 118,333,339 0 0 0 118,333,339

Food Production Corporation 112,388 0 0 0 112,388

Ghana Food Distribution Corporation 583 0 0 0 583

Aluminium Industries Commission 1,018 0 0 0 1,018

Ghana Airways Corporation 23,553,437 0 0 0 23,553,437

Ghana National Manganese Corporation 378,949 0 0 0 378,949

Gonja Development Corporation 210 0 0 0 210

West African Airways Corporation 3 0 0 0 3

State Fishing Corporation 14,253 0 0 0 14,253

Western Regional Development Corporation 117 0 0 0 117

Brong Ahafo Regional Development Corporation 3,866 0 0 0 3,866

Ghana Railways Corporation 484,552 0 0 0 484,552

Upper East Development Corporation 2,011 0 0 0 2,011

State Oil Palm Plantation Corporation 2,500 0 0 0 2,500

Electricity Company of Ghana 180,599,000 0 0 2,000,000 178,599,000

GIHOC - Tema Steelworks 772 0 0 0 772

GIHOC - Farms 233 0 0 0 233

GIHOC - Footwear 29,228 0 0 0 29,228

GIHOC - Vegetable Oil Mills 9,637 0 0 0 9,637

GIHOC - Fibre Bag 243 0 0 0 243

GIHOC - Fibre Products 106,418 0 0 0 106,418

GIHOC - Manufacturing Co. 6,188 0 0 0 6,188

GIHOC - Mosquito Coil 3,531 0 0 0 3,531

GIHOC - Marbles 8,925 0 0 0 8,925

GIHOC - Meat (Tema & Bolga) 22,128 0 0 0 22,128

GIHOC - Boatyards (Mumford) 1,885 0 0 0 1,885

GIHOC - Boatyards (Tema) 24,637 0 0 0 24,637

GIHOC - Cannery (Pwulugu) 4,090 0 0 0 4,090

GIHOC - Refrigeration & Household Prod. 5,505 0 0 0 5,505

GIHOC - Cannery (Wenchi) 3,639 0 0 0 3,639

45


INSTITUTION 31/12/2014 Adjustments Granted Recoveries 31/12/2015

GIHOC - Cannery (Nsawam) 18,301 0 0 0 18,301

GIHOC - Printing & Paper Prod. 2,474 0 0 0 2,474

GIHOC - Nzema Oil Mills 10,203 0 0 0 10,203

GIHOC - Central Advertising Co. 1,780 0 0 0 1,780

GIHOC - Aboso Glass Factory 126,591 0 0 0 126,591

GIHOC - Cannery 22,625 0 0 0 22,625

GIHOC - Phamaceutical 101,599 0 0 0 101,599

GIHOC - Distilleries 108,369 0 0 0 108,369

GIHOC - Bottling 8,636 0 0 0 8,636

Central Regional Development Corporation 125,046 0 0 0 125,046

Ghana National Trading Corporation 584 0 0 0 584

Twifo Oil Palm Plantation Ltd 33,768 0 0 0 33,768

Ghana Publishing Corporation 811,675 0 0 0 811,675

Volta River Authority 218,470,000 0 0 0 218,470,000

Ghana Civil Aviation Authority 535,322 0 0 0 535,322

City Express Services 1,213,718 0 0 0 1,213,718

Meat Marketing Board 24,551 0 0 0 24,551

Graphic Corporation 1,142 0 0 0 1,142

Ghana National Petroleum Corporation (G.N.P.C.) 10,870,959 0 0 0 10,870,959

MASLOC 15,000,000 0 0 0 15,000,000

Student Loan Trust 1,739,789 0 0 0 1,739,789

Ghana Grid Compay Limited 0 0 51,401,629 0 51,401,629

Total 645,215,222 0 51,401,629 2,000,000 694,616,851

4c

COMPANIES

Ghana Sugar Estate Ltd 1,396,624 0 0 0 1,396,624

Ghana Sugar Estate Ltd (Asutsuare) 44,497 0 0 0 44,497

Ghana Sugar Estates (Komenda) 26,634 0 0 0 26,634

African Timber & Plywood 52,461 0 0 0 52,461

Willowbrook 999 0 0 0 999

Prefab Concrete Products 6,068 0 0 0 6,068

Ejura Farms Ltd 11 0 0 0 11

Farmer John and Daughters 116 0 0 0 116

Bremang Dredging Company 19 0 0 0 19

Amalgamated Banket Area Ltd 60 0 0 0 60

Achimota Brewery Company 200 0 0 0 200

Mankoadze fisheries 184,972,182 0 0 0 184,972,182

Ghana Consolidated Diamond Ltd 409,694 0 0 0 409,694

Glisksten West Africa Ltd 67,233 0 0 0 67,233

Promintex Ltd 14 0 0 0 14

Ghana Rice Production Company 470 0 0 0 470

Ghana Cargo Handling Company 36 0 0 0 36

Volta Lake Transport Company 41,007 0 0 0 41,007

Ghana Rubber Estate Ltd 34,736,600 (22,485,806) 0 1,940,637 10,310,156

Seraphim Surgicals 102,392 0 0 0 102,392

Ghana Seed Company 500 0 0 0 500

National Oil Palm Plantation Ltd 39,143 0 0 0 39,143

Ghana Cold Store 124 0 0 0 124

National Industrial Company 2,500 0 0 0 2,500

Ghana Commercial Farm 200 0 0 0 200

Ghana Co-operative Bank 180 0 0 0 180

Kul Industrial Alcohols Ltd. 23,000 0 0 0 23,000

Prestea Goldfields Co. 149,069 0 0 0 149,069

Kumasi Furniture & Joinery Co. Ltd 4,729 0 0 0 4,729

46



Loyalty Industries Ltd 18,327 0 0 0 18,327

State Oil Palm Plantation 87,558 0 0 0 87,558

Western Veneer & Lumber Co. Ltd 51,111 0 0 0 51,111

Bonsa Tyre Co. Ltd 37,355 0 0 0 37,355

Pomadze Poultry Enterprise 9,962 0 0 0 9,962

Ghana Bottling Co. (Pepsi Cola) 35,404 0 0 0 35,404

EHWIA Wood Products 10,741 0 0 0 10,741

Ghana Sanyo Co. 25,429 0 0 0 25,429

Tema Oil Refinery Ltd 70,704,016 0 0 0 70,704,016

Home Finance Company 9,538,316 0 0 0 9,538,316

Panafest Secretariat 30,000 0 0 0 30,000

J.Adom Limited 8,843 0 0 0 8,843

Ghana Broadcasting Corporation 71,113,533 0 0 0 71,113,533

Ghana Agro-Food Company 1,094,602 0 0 0 1,094,602

Quality Grain Co. Ltd. 13,495,351 0 0 0 13,495,351

La Palm & Coco Palm 23,161,600 0 0 0 23,161,600

Cummins Power Generation Ltd. 2,182,557 0 0 0 2,182,557

Aggreko UK Ltd. 478,108 0 0 0 478,108

Home Finance Company 411,758 0 0 0 411,758

Novotel 18,585,542 0 0 2,317,726 16,267,816

Ghana International Airline LTD 5,142,828 0 0 0 5,142,828

Ghana cylinder manufacturing company ltd 1,775,623 0 0 0 1,775,623

Margins Company Ltd & Supercard ApS 1,330,410 0 0 0 1,330,410

Abek Metal Engineering Limited Sandfeld A/S 219,870 0 0 0 219,870

Pharmaplast Limited & Scanbech A/S 4,369 0 0 0 4,369

Crystal Lake fish Limited &Hvalpsund Net A/S 119,665 0 0 0 119,665

Ako Waste Management Limited & J.Hvidtved Larsen A/S 700,603 0 0 0 700,603

Divine Seafoods ltd 65,234 0 0 0 65,234

Ipalco gh ltd 70,784 0 0 0 70,784

Cra ltd 22,504 0 0 0 22,504

Danafco ltd 95,777 0 0 0 95,777

African Ind. ltd 6,645 0 0 0 6,645

Gad furniture 37,105 0 0 0 37,105

Masdo Garments 2,800 0 0 0 2,800

Andy Sae Co ltd 2,900 0 0 0 2,900

Modular Sys. Ltd 72,234 0 0 0 72,234

Larson Gh. Ltd 213,764 0 0 0 213,764

Carpo ltd 109,575 0 0 0 109,575

Skao Graphics 138,248 0 0 0 138,248

Nova Beauty 92,250 0 0 0 92,250

Agro Chicks Int 219,221 0 0 0 219,221

Western Water wks 114,328 0 0 0 114,328

Dufie Dansk 58,064 0 0 0 58,064

Gelato Delite ltd 85,451 0 0 0 85,451

Tonisco Group 123,853 0 0 0 123,853

Oyoko Abohen ltd 23,200 0 0 0 23,200

Dieu Donnee Ent. 2,331 0 0 0 2,331

Intelligent Cards 632,416 0 0 0 632,416

Juabeng Rural Bank 170,170 0 0 0 170,170

SUNRIPE FOOD PRODUCT 0 229,689 0 0 229,689

HAY INDUSTRIES 0 666,470 0 0 666,470

AKPANGA ORGANIC LTD 0 644,650 0 0 644,650

YEDENT PROCESSING LTD 0 71,043 0 0 71,043

MASTERMIX STUDIOS LTD 0 117,546 0 0 117,546

SAMBOT INDUSTRIES LTD 0 279,882 0 0 279,882

47



GOLDEN WEB LTD 0 462,479 0 0 462,479

CAN AND KAA LTD 0 555,058 0 0 555,058

TAYCO AGRO LTD 0 644,357 0 0 644,357

3 OAKS LTD 0 649,141 0 0 649,141

KENNGA LTD 0 107,465 0 0 107,465

TONGU FRUITS (GH) LTD 0 341,194 0 0 341,194

N & C FOODS CO. LTD 0 635,501 0 0 635,501

GABLIN CO. LTD 0 103,795 0 0 103,795

2K FARMS LTD 0 627,059 0 0 627,059

SAROBI LTD 0 207,238 0 0 207,238

LITSA INITIATIVES LTD 0 285,302 0 0 285,302

ALL FAMILY ESTATE CO. LTD 0 262,183 0 0 262,183

STAYSWEET INDUSTRIES LTD 0 405,137 0 0 405,137

MC. JONES VENTURES LTD 0 248,241 0 0 248,241

P&M FARMS LTD 0 97,712 0 0 97,712

WEDDI AFRICA LTD 0 1,156,596 0 0 1,156,596

AMPONSAH-EFFAH LTD 0 1,176,223 0 0 1,176,223

SARCON QUARRY LTD 0 1,165,794 0 0 1,165,794

LEVIATHAN CO. LTD 0 1,400,147 0 0 1,400,147

OSEBOBA CO. LTD 0 1,329,816 0 0 1,329,816

UNITED BISCUIT CO LTD 0 1,331,907 0 0 1,331,907ALPHA SALT LTD 0 1,138,109 0 0 1,138,109RELIX CO. LTD 0 1,378,403 0 0 1,378,403LEADS CONTRACTS LTD 0 1,172,566 0 0 1,172,566BEVERLY LODGE 0 1,103,327 0 0 1,103,327PLYWOOD POINT CO.LTD 0 1,242,359 0 0 1,242,359OSS LTD 0 1,140,629 0 0 1,140,629TRAFIX LTD 0 1,199,270 0 0 1,199,270GOODISON TRUCKS LTD 0 1,181,310 0 0 1,181,310CITY CLEAN LTD 0 1,039,637 0 0 1,039,637BEEKAF FOODS LTD 0 1,039,637 0 0 1,039,637GREENWICH SKY LTD 0 1,304,949 0 0 1,304,949BCG CONTRACTS WORKS LTD 0 530,831 0 0 530,831NYARKO CERAMIC WORKS 0 260,194 0 0 260,194BENTWILL PORTS SERVICES 0 1,315,800 0 0 1,315,800NOVA COMPLEX LTD 0 1,308,229 0 0 1,308,229VONWA ENT LTD 0 564,140 0 0 564,140DELTA SHIPPING CO. LTD 0 899,197 0 0 899,197EDEN FOUNTAIN LTD 0 742,716 0 0 742,716JUNIOR BAGAYA ENT. 0 1,332,008 0 0 1,332,008AMANTIN & KASEI COMM. RURAL BANK 0 374,080 0 0 374,080AWUTU EMASA RURAL BANK 0 288,400 0 0 288,400BONZALI RURAL BANK 0 287,600 0 0 287,600KWAMAMAN RURAL BANK 0 530,400 0 0 530,400NATIONAL INVESTMENT BANK 0 7,337,755 0 0 7,337,755UPPER MANYA KRO RURAL BANK 0 720,743 0 0 720,743AGRICULTURAL INV. BANK 0 9,870,545 0 0 9,870,545GA RURAL BANK 0 732,959 0 0 732,959ROYAL BANK 0 2,000,000 0 0 2,000,000OKOMFO ANOKYE RURAL BANK 0 177,740 0 0 177,740AFRAM RURAL BANK 0 36,800 0 0 36,800ASUTIFI RURAL BANK 0 311,500 0 0 311,500RBRAKWA-BREMAN RURAL BANK 0 450,000 0 0 450,000UPPER AMENFI RURAL BANK 0 140,261 0 0 140,261DROBO COMM. RURAL BANK 0 44,400 0 0 44,400SINAPI ABA TRUST 0 248,560 0 0 248,560TOTAL 444,809,100 36,160,872 0 4,258,364 476,711,609

48



ECGD LOANS RECEIVABLES SCHEDULE

Mallam Issa Issahatu 1,710,870 0 0 0 1,710,870

Marine Construction Ltd 4,760,319 0 0 0 4,760,319

Frandesco (WA) Ltd 879,195 0 0 0 879,195

KASAP Ltd 13,186,628 0 0 0 13,186,628

J. Stanley Owusu & Co. Ltd 7,511,458 0 0 0 7,511,458

Goi-Kposem 8,924,046 0 0 0 8,924,046

K. E. & Sons Ltd 1,987,322 0 0 0 1,987,322

Danielli Mabey Ltd 9,617,776 0 0 0 9,617,776

Mabey & Johnson 22,272,366 0 0 0 22,272,366

Chartsworth Carpets (GH) Ltd 4,712,391 0 0 0 4,712,391

Pentrex (GH) Ltd 2,436,941 0 0 0 2,436,941

Franmar Joint Venture 18,875,703 0 0 0 18,875,703

Taysec 87,535,419 0 0 0 87,535,419

Kamara Group Ltd 3,250,589 0 0 0 3,250,589

Yiadom Builders Ltd 1,914,384 0 0 0 1,914,384

Ussuya(Ghana) Ltd 900,492 0 0 0 900,492

Bascom Works Ltd 2,657,870 0 0 0 2,657,870

Wunishie Secretariat Services 1,337,843 0 0 0 1,337,843

Progressive & Modern Company Ltd 3,722,580 0 0 0 3,722,580

Goi-Kposem 8,469,365 0 0 0 8,469,365

TOTAL 206,663,557 0 0 0 206,663,557

Export Finance Company (Austrian On-Lent Loan)

Alfralex Company Ltd 161,970 0 0 0 161,970

Alluvial Recovery System 21,799 0 0 0 21,799

Asamoah Raffan Works 212,458 0 0 0 212,458

Asihene Brothers 394,482 0 0 0 394,482

Cofie Zane Jewellery Ltd 23,652 0 0 0 23,652

Direct Arts Industries Ltd 147,626 0 0 0 147,626

Esterimo Packaging Ltd 128,020 0 0 0 128,020

Gellina Packaging Co Ltd 29,348 0 0 0 29,348

Gidama Wood Processing 404,529 0 0 0 404,529

Hicent Enterprise 45,020 0 0 0 45,020

J K Enterprise 26,760 0 0 0 26,760

Ken Sworth Mining & Cont. Limited 4,889 0 0 0 4,889

Lorando Mining Co. Limited 389,330 0 0 0 389,330

Louis Jewellery Factory Limited 6,496 0 0 0 6,496

Nana Boakye Austrian Casting Limited 374,134 0 0 0 374,134

Osei Research Centre 445,681 0 0 0 445,681

Osumanu Salt Industry Limited 117,800 0 0 0 117,800

Planstic Packaging Products Limited 47,852 0 0 0 47,852

Tropical Crop Export Limited 15,863 0 0 0 15,863

Tropical Golden Fruits Limited 373,571 0 0 0 373,571

West Africa Salt Limited 8,773 0 0 0 8,773

TOTAL 3,380,053 0 0 0 3,380,053

NON-PROJECT TYPE

NPT.9

MORTON EXCLUSIVE GBP 33,615 NPT.9 20,291 0 0 20,291 0

PASCO OSCO USD 227,872.04 NPT.9 72,454 (5,573) 0 66,880 0

TOTAL 92,745 (5,573) 0 87,171 0

49



NPT.10

FAIRFAX MULTI-SERVICE NPT.10 0 100,580 0 33,527 67,053

SHAMAY NPT.10 16,583 0 0 16,583 0

SOLOYEB NPT.10 0 88,260 0 29,420 58,840

MORTON EXCLUSIVE $9,501.03 NPT.10 67,391 0 0 28,882 38,509

AGYA ADU NPT.10 27,120 0 0 27,480 (361)

REROY CABLE NPT.10 124,276 219,873 0 344,149

CHARITY AMPONSAH NPT.10 109,995 0 0 77,643 32,351

POLAR POWER NPT.10 95,730 0 0 55,862 39,868

PSB CONCRETE $113,400 NPT.10 131,476 0 0 92,807 38,669

RONA CONST EUR139,482.78 NPT.10 171,699 0 0 71,048 100,651

KAPITAL NPT.10 69,909 0 0 69,909 0

G.M.A. ENTERPRISE NPT.10 82,576 0 0 30,027 52,548

METALEX NPT.10 268,206 0 0 97,529 170,676

PRIME CARE NPT.10 0 154,920 30,123 124,797

TOTAL 1,164,959 563,633 0 660,840 1,067,751

NPT 11

A-BEK LIMITED NPT.11 247,374 0 0 185,530 61,844

DO-DAVE TANK NPT.11 129,088 0 0 129,088

KWADWO YEBOAH FORDJOUR NPT.11 4,178 0 0 4,178 0

LIMAN SEIDU ENTERPRISE LIMITED NPT.11 1,962 0 0 1,307 655

REROY CABLES LIMITED NPT.11 205,922 0 0 143,819 62,103

WINDOW TECH LIMITED NPT.11 3,743 0 0 3,743 0

AGYA ADU NPT.11 45,801 0 0 45,801 0

BELSHAW USD 46,100 NPT.11 48,091 0 0 23,084 25,006

BELSHAW NPT.11 174,141 0 29,024 145,117

TRADEREV LTD EUR114,100 NPT.11 184,251 0 0 76,242 108,009

MAA CHAH NPT.11 35,611 0 0 35,611 0

MOONIC NPT.11 206,814 0 0 77,555 129,258

PEE WOODS NPT.11 147,852 0 0 53,764 94,087

BRITAK STEE NPT.11 0 27,283 0 27,283

TOTAL 1,434,826 27,283 0 679,658 782,451

NPT 12

ABLE IMPORT AND EXPORT NPT.12 3,874 0 0 3,874 (0)

ALPHA TRADING NPT.12 283,846 0 0 117,444 166,401

ANDILUTT ENTERPRISE NPT.12 4,689 0 0 4,689 0

ANI-MENDS VENTURE NPT.12 11,338 0 0 11,338 (0)

BESTAS PRESS NPT.12 0 0 2,933 (2,933)

BESSBLOCK CONCRETE PRODUCT NPT.12 30,152 0 0 30,152 0

BR LIMITED NPT.12 106,160 0 0 106,160

BILFORD IMPEX NPT.12 304,790 0 0 101,597 203,193

CONCOURSE NPT.12 28,741 0 0 20,288 8,453

DANO ENG. NPT.12 53,991 0 0 53,991 0

DAVID WALTERS LIMITED NPT.12 1,704 0 0 1,704 0

EKNKA NPT.12 218,141 0 0 218,141

ERNEST CHEMISTS LIMITED NPT.12 57,417 0 0 24,607 32,810

EURO EASI ENTERPRISE NPT.12 21,701 0 0 21,701 0

EUGO TERRANO NPT.12 18,844 0 0 18,844 0

FEKAMS COMPANY LIMITED NPT.12 1,499 0 0 1,499 (0)

FAIRBON NPT.12 184,798 0 0 76,468 108,330

FINE PRINT $102604.48;$25845.85 NPT.12 194,510 0 0 80,487 114,023

IS INTERNET NPT.12 31,337 0 0 31,337 0

50



INDUSTRIAL NPT.12 81,716 0 0 81,716 0

JANDEL LIMITED NPT.12 32,199 0 0 18,638 13,561

KALVICO COMPANY LIMITED NPT.12 1,172 0 0 1,172 (0)

KWAME ASANTE AND ASSOCIATES NPT.12 313 0 313

LETAFORM DYNAMICS LIMITED NPT.12 34,648 0 0 34,648 0

LILYGOLD NPT.12 571,552 0 571,552

MAKAM KAOLIN NPT.12 66,670 0 0 22,223 44,446

MASKA CONSTRUCTION WORKS NPT.12 3,856 0 0 3,856 (0)

MARKYS GH. $37,224.99;$178,100 NPT.12 246,996 0 0 102,205 144,791

NANA ADU NPT.12 26,399 0 0 26,399 0

NATIONWIDE $171,502:$23,950 NPT.12 274,034 0 0 117,452 156,582

NIC-JAY ASSOCIATES NPT.12 3,559 0 0 3,559 0

OFORI-POKU COMPANY LTD NPT.12 22,870 0 0 22,870 (0)

REGIMANUEL GRAY LIMITED NPT.12 1,499 0 0 1,499 (0)

SOLID DEVELOPMENT LIMITED NPT.12 8,553 0 0 8,553 0

SUDO CONSTRUCTION LIMITED NPT.12 3,966 0 0 3,966 (0)

WASTE LANDFIELDS COMPANY NPT.12 3,962 0 0 3,962 0

PHILIO DELIO NPT.12 90,498 0 0 9,015 81,483

TEMA BONDED NPT.12 251,007 0 0 177,181 73,825

THORPE ROAD $76,126.21 NPT.12 112,161 0 0 46,411 65,750

UNIC SOLUTION $171,502;$23,950 NPT.12 324,368 0 0 134,221 190,147

REROY NPT.12 344,988 20,293 0 365,282

TOTAL 4,064,516 20,293 0 1,422,500 2,662,309

NPT 13

HAMDARK USD 20111228 NPT 13 NPT.13 147,643 0 0 136,284 11,359

ASAYAK GLOBAL NPT.13 16,588 0 0 16,588 0

ATTACHY CONSTRU NPT.13 190,291 0 0 190,291 0

AMPONSAH-EFFAH NPT.13 27,712 0 0 27,712 0

ADEKESE FARMS NPT.13 6,310 0 0 6,310 0

AGYARE AND SONS NPT.13 54,051 0 0 48,648 5,404

ABL ENVIROMENT NPT.13 29,875 0 0 29,875 0

ABOAFO BUYING CO. NPT.13 25,389 0 0 25,389 0

AGYEI BUILD NPT.13 41,984 0 0 41,984 0

BESTES PRESS NPT.13 76,541 0 0 54,029 22,512

BELLTOP GH LTD NPT.13 21,026 0 0 21,026 0

BRA GHA NPT.13 20,036 0 0 20,036 0

BRIM OIL $57,512.11 NPT.13 28,768 0 0 28,768 0

CONNIKAYE LTD. NPT.13 51,649 0 0 51,649 0

CREATOR DIGITAL NPT.13 32,800 0 0 35,694 (2,894)

DAN U CO. $111,467.03 NPT.13 55,756 0 0 55,756 0

DAVID WALTER NPT.13 41,875 0 0 41,875 0

EXCELLENT BUILDER NPT.13 42,013 0 0 38,022 3,991

EXECUTIVE ELITE NPT.13 78,365 0 0 78,365 0

EUROPELAND NPT.13 72,915 0 0 51,469 21,446

FACKAP CO. NPT.13 51,608 0 0 51,608 0

FC COSMETICS IND NPT.13 35,800 0 0 25,271 10,530

FRIMATA CHEMICALS NPT.13 50,452 0 0 50,452 0

GLOBAL PAK NPT.13 12,841 0 0 9,064 3,777

GRANDE DESIGNS NPT.13 20,498 0 0 20,498 0

GELINA PACKAGING NPT.13 59,997 0 0 59,997 0

GHANA CYLINDER NPT.13 144,599 0 0 102,070 42,529

INDUSTRIAL PACK NPT.13 19,986 0 0 19,986 0

51



J.A PLANTPOOL NPT.13 40,516 0 0 37,622 2,894

KAS PROD NPT.13 24,031 0 0 24,031 0

KS BIOSANITATION NPT.13 41,481 0 0 35,693 5,788

LITTLE HANDS NPT.13 20,993 0 0 20,993 0

MALEX PROCESSING $106,080 NPT.13 122,070 0 0 50,512 71,558

OGUDU AUTOMOTIVES LTD NPT.13 42,278 0 0 42,278 0

PINS N NEEDLES NPT.13 39,981 0 0 28,222 11,759

PONGAS LTD NPT.13 22,206 0 0 22,206 0

QUICK-BON CONSTR. NPT.13 12,628 0 0 12,628 (0)

RURAL WASTE NPT.13 15,423 0 0 15,423 0

SAME DAY NPT.13 14,733 0 0 14,732 0

SOLIDEL-PP NPT.13 12,323 0 0 10,563 1,760

VEL WAGNER NPT.13 5,157 0 0 5,157 (0)

WALL-TIES N FORMS NPT.13 16,314 0 0 16,314 0

WORLD LINK JPY2,768,900 $108,724.18 NPT.13 5,757 0 0 34,544 (28,787)

21ST CENTURY NPT.13 57,232 0 0 57,232 0

OBUOBA NPT.13 318,956 0 0 115,984 202,972

ATTACHY CONSTRU NPT.13 35,744 0 0 13,400 22,344

BUILDING TOGETHER NPT.13 755,556 94,444 0 850,000

MAKAM KAOLI NPT.13 0 111,127 0 111,127 0

GELLOQ CPY NPT.13 0 278,786 0 92,929 185,857

MAA CHAR NPT.13 0 29,700 0 29,700 0

TOTAL 3,060,746 514,057 0 2,130,004 1,444,799

TOTAL NPT 9,817,792 1,119,693 0 4,980,174 5,957,311

GRAND TOTAL COMPANIES 664,670,502 37,280,565 0 9,238,538 692,712,529

4d

MISCELLANEOUS

Public Servants' Housing Loan Scheme 4,327,990 0 0 0 4,327,990

Kumasi Traditional Council 80 0 0 0 80

Roof Loan Scheme 56 0 0 0 56

Hire Purchase Housing Scheme 183 0 0 0 183

Ghana Gov't Mortgage Scheme 43 0 0 0 43

Co-operative Wholesale Establishment 1 0 0 0 1

Co-operative Investment Trust 22 0 0 0 22

Loot Victims (1948 Disturbances) 12 0 0 0 12

Trade Union Congress 10 0 0 0 10

Ghana Amateur Sports Council 1 0 0 0 1

Ghana Society for the Blind 2 0 0 0 2

Central Organisation of Sports 2 0 0 0 2

Achimota Council 5 0 0 0 5

Dr. T.A. Morten 10 0 0 0 10

Ghana National Fire Service 922,175 0 0 0 922,175

Housing Loan Board 28 0 0 0 28

Armed Forces Housing Scheme 27 0 0 0 27

Volta Regional Administration -1 86 0 0 0 86

Volta Regional Administration -2 30 0 0 0 30

Lower Volta Bridge 400 0 0 0 400

External Promissory Notes 340 0 0 0 340

Suppliers Credit 4,110 0 0 0 4,110

Kumasi Sewerage Project 70 0 0 0 70

Local Promissory Notes 97 0 0 0 97

52



Ghana Aluminium Company 149 0 0 0 149

KAK DEE 870 0 0 0 870

Accra Metropolitan Assembly 6,489 0 0 0 6,489

Tamale Muincipal Assembly/GFA 10,000 0 0 0 10,000

Cape Coast Municipal Assembley/GFA 25,000 0 0 0 25,000

G. P. R. T. U. 3,966,063 0 0 0 3,966,063

A Kennin Construction Ltd 2,527 0 0 0 2,527

A B Management Agency 5,512 0 0 0 5,512

Academy Press 228,150 0 0 0 228,150

ADAP Company Ltd 15,580 0 0 0 15,580

Alhaji Abu Bala and Sons 27,661 0 0 0 27,661

Alhaji Sulemana Ind 70,407 0 0 0 70,407

All Gate Co 34,813 0 0 0 34,813

All Good Electricals 3,461 0 0 0 3,461

Alumdor Ent Ltd 2,274 0 0 0 2,274

Amani Cold Store Ltd 4,925 0 0 0 4,925

Animal Health Production Dept 926 0 0 0 926

AP Systems (GH) Ltd 22,975 0 0 0 22,975

Asante Yamoah 10,240 0 0 0 10,240

Barnartme Enterprise 1,750 0 0 0 1,750

Banbert Dev Co Ltd 403,047 0 0 0 403,047

Bartholomew Ltd 13,708 0 0 0 13,708

Bend -Koy- Ltd 10,932 0 0 0 10,932

Big Youth 3,822 0 0 0 3,822

Big Aidoo 9,183 0 0 0 9,183

Biwuus Const Co 20,491 0 0 0 20,491

Boama Corp 968 0 0 0 968

Bonte Gold Mines 84,697 0 0 0 84,697

Bosomtwi Motors 5,925 0 0 0 5,925

Brensuo Co Ltd 8,428 0 0 0 8,428

Carreg 31,221 0 0 0 31,221

Cartbrandys Enterprise 26,968 0 0 0 26,968

Cashew and Spices Prod Ltd 7,057 0 0 0 7,057

CEGO Associates Ltd 13,260 0 0 0 13,260

Chasas Enterprise 1,247 0 0 0 1,247

Chiraa Forest Mills 64,396 0 0 0 64,396

CKA Industries Ltd 27,044 0 0 0 27,044

Coppon Wood Processing 48,024 0 0 0 48,024

Dadwene Cold Store 18,128 0 0 0 18,128

Dickie Ltd 25,557 0 0 0 25,557

Ebonabe Construction Ltd 2,057 0 0 0 2,057

Electronic Works 29,807 0 0 0 29,807

Envionnneeds Ltd 3,243 0 0 0 3,243

Farmers Services Co Ltd 36,630 0 0 0 36,630

Fine Print Ltd 23,985 0 0 0 23,985

Finewood Trading Co 12,278 0 0 0 12,278

FOS Company Ltd 251,627 0 0 0 251,627

Fotoklinic 10,677 0 0 0 10,677

Frank Walter Const Ltd 13,314 0 0 0 13,314

Franffield Holdings 14,479 0 0 0 14,479

General Leasing and Finance Co 465 0 0 0 465

Ghana Cocoa Marketing Board 3,561,400 0 0 0 3,561,400

Ghana Concrete Engineering Ltd 2,326 0 0 0 2,326

Ghana Frequency Reg/Control 3,690,987 0 0 0 3,690,987

Ghana Highway Authority 715,117 0 0 0 715,117

53



Ghana Household Utilities 7,061 0 0 0 7,061

Ghana Oil Palm Devt Corp 22,708,354 0 0 0 22,708,354

Ghana Primewood 95,889 0 0 0 95,889

Ghana Publishing Corporation 629,547 0 0 0 629,547

Ghana Sacks Ltd 71,174 0 0 0 71,174

Ghana Tuna Fishing Dev 900 0 0 0 900

Ghocar Industries 4,067 0 0 0 4,067

GNPC 14,978,700 0 0 0 14,978,700

Gold Coast Motors 50,846 0 0 0 50,846

Havilin 11,362 0 0 0 11,362

Hildad Company Ltd 28,302 0 0 0 28,302

Hospitality Associate 1,930 0 0 0 1,930

Ibnat Garment Ind 26,866 0 0 0 26,866

Interante Ltd 3,260 0 0 0 3,260

Jek Moses Co Ltd 6,445 0 0 0 6,445

Jagmas 11,982 0 0 0 11,982

Jasmedi Group Limited 5,600 0 0 0 5,600

Jay W. Limited 25,883 0 0 0 25,883

Joe Mara 8,657 0 0 0 8,657

Jokumaks Limited 28,043 0 0 0 28,043

Josco Trading & Construction Works 10,000 0 0 0 10,000

Jowak Ent. Limited 4,662 0 0 0 4,662

Jupiter Services 46,742 0 0 0 46,742

K.A. Anno Wng Co. Limited 17,376 0 0 0 17,376

Katson Limited 21,890 0 0 0 21,890

Kensitah Contract Works 12,860 0 0 0 12,860

Kuffour Medical Laboratory 3,445 0 0 0 3,445

Laboratory Diagnostic Limited 8,006 0 0 0 8,006

Lamim Co. Limited 16,910 0 0 0 16,910

Life Construction Limited 13,517 0 0 0 13,517

Listar Medical Service 163,893 0 0 0 163,893

Losodi Agency 14,364 0 0 0 14,364

Magna Limited 14,168 0 0 0 14,168

Manill Limited 8,135 0 0 0 8,135

Mark Cofie Engineering Co. 839 0 0 0 839

Mattham (Gh) Limited 13,153 0 0 0 13,153

Michael Smith 1,473 0 0 0 1,473

Midjinmata Construction 17,890 0 0 0 17,890

Modern Petroleum Products 28,538 0 0 0 28,538

National Inventives 2,500 0 0 0 2,500

O & A Limited 21,927 0 0 0 21,927

Obboye Estates Limited 19,588 0 0 0 19,588

Ocablock 18,564 0 0 0 18,564

Oman Forfor Trading Co. Limited 717,034 0 0 0 717,034

Oman Forfor Trading Co. Limited 74,811 0 0 0 74,811

Osbon Limited 16,675 0 0 0 16,675

Oxy Air Limited 3,567 0 0 0 3,567

Pharmadex Limited 1,000 0 0 0 1,000

Poly Product Limited 217,123 0 0 0 217,123

Prebuo Limited 5,868 0 0 0 5,868

Precise Co. Limited 15,350 0 0 0 15,350

Rasasi Company Limited 3,063 0 0 0 3,063

Reka Limited 992 0 0 0 992

Ridge Timbers 5,114 0 0 0 5,114

Rio Grande Industries 11,802 0 0 0 11,802

54



Saltpond Oil Mills 4,479 0 0 0 4,479

Saltreff 10,506 0 0 0 10,506

Sapos Comm. Services 3,307 0 0 0 3,307

Sarpest Stores Limited 18,400 0 0 0 18,400

Scopus Trading Limited 17,026 0 0 0 17,026

Seel (Gh) Limited 3,502 0 0 0 3,502

Seiwaa Daban 6,234 0 0 0 6,234

Shante Suppliers 14,423 0 0 0 14,423

Simplicity Building Works 13,712 0 0 0 13,712

Sodas Co. Limited 19,078 0 0 0 19,078

Solid Development Limited 16,592 0 0 0 16,592

Somuah Dapaah Construction 2,000 0 0 0 2,000

State Gold Mining Corporation 144,249,402 0 0 0 144,249,402

Subri Industrial Plantation Co. Limited 18,129,369 0 0 0 18,129,369

Sunyani Medical Laboratory 5,602 0 0 0 5,602

Tericom Ghana Limited 5,857 0 0 0 5,857

Trade Cross Limited 157 0 0 0 157

Trans Allied Co. Limited 59,444 0 0 0 59,444

Tropical Vision Storm Limited 20,362 0 0 0 20,362

Twifo Oil Palm Plantation Limited 93,100 0 0 0 93,100

University of Ghana 210,170 0 0 0 210,170

Valico Limited 267 0 0 0 267

Vickata Construction Limited 3,831 0 0 0 3,831

Volta Allied Quarries Limited 4,815 0 0 0 4,815

Volta Reg. Devt. Corporation 19,989,706 0 0 0 19,989,706

Volta River Estates 148,822 0 0 0 148,822

Wassa Menerals 16,195 0 0 0 16,195

Westar Mining 34,058 0 0 0 34,058

Western Link Construction Limited 1,037 0 0 0 1,037

Western Ventures 205,999 0 0 0 205,999

Wilhem Jay Limited 10,285 0 0 0 10,285

Wood Merchant & Trading Co. 90,490 0 0 0 90,490

Woodstock Limited 17,800 0 0 0 17,800

Worweco Enterprise 12,655 0 0 0 12,655

Yellow Cab Ghana Limited 1,000 0 0 0 1,000

Council for Indigenous Business Association (CIBA) 4,395,341 0 0 0 4,395,341

TOTAL 246,980,775 0 0 0 246,980,775

4E

OTHER GOVERNMENTS 0 0 0

Republic of Guinea 7,703,500 0 0 0 7,703,500

Republic of Upper Volta (Burkina Faso) 779,055 0 0 0 779,055

TOTAL 8,482,555 0 0 0 8,482,555

GRAND TOTAL 1,566,271,034 37,280,565 51,401,629 11,238,538 1,643,714,690

55

5. EQUITY AND OTHER INVESTMENTS

BALANCE ADJUSTMENTS INCREASE BALANCE

INSTITUTION AS AT DECREASE AS AT

31/12/2014 31/12/2015

GH¢ GH¢ GH¢ GH¢ GH¢

5a

TRUST FUND

Sir A. Jones Bequest 2,960,201 0 415,742 0 3,375,943

H. S. Newlands Bequest 1,066,882 0 139,525 0 1,206,407

Crown Agents 89 0 0 0 89

Foreign Mission Investment 2,958,236 0 0 0 2,958,236

SUB TOTAL 6,985,408 555,267 0 7,540,675

5b

INTERNATIONAL AGENCIES

Ciments De L'Afrique De L'ouest (CIMAO) 2,320 0 0 0 2,320

International Monetary Fund (I. M. F.) 4,691 0 0 0 4,691

International Finance Corporation (I.F.C.) 235,117 0 0 0 235,117

International Development Association (I.D.A.) 1,950 0 0 0 1,950

African Development Bank (A.F.D.B.) 3,306,203 0 0 0 3,306,203

ECOWAS 24,901,670 (24,306,000) 0 0 595,670

Multilateral Investment Guarantee Agency (MIGA) 7,228 0 0 0 7,228

International Bank for Recon. and Dev't (IBRD) 821,871 0 0 0 821,871

International Fund for Agric. Dev't 8,712 0 0 0 8,712

SUB TOTAL 29,289,761 0 0 0 4,983,761

5cLOCALPUBLIC BOARDS AND CORPORATIONS

Agricultural Development Bank 26,000,000 0 0 0 26,000,000

Bank of Ghana 10,000,000 0 0 0 10,000,000

Ghana Commercial Bank 15,379,200 0 0 0 15,379,200

Ghana Guarantee Corporation 76 0 0 0 76

National Investment Bank 1,981,929 0 0 0 1,981,929

National Savings and Credit Bank 423 0 0 0 423

Ashanti Cocoa Project 590 0 0 0 590

State Construction Corporation 18,805 0 0 0 18,805

State Fishing Corporation 145,531 0 0 0 145,531

Food Production Corporation 600 0 0 0 600

Oppon Mansi Intergrated iron & Steel Commission 289 0 0 0 289

Ghana Industrial Holding corporation 829 0 0 0 829

Ghana Precious Metals Corporation 89 0 0 0 89

Aluminium Industries Commercial 1,006 0 0 0 1,006

Ghana Telecom(VODAFON) 686,578,071 0 0 0 686,578,071

Ghana Post 18,700,000 0 0 0 18,700,000

State Insurance Corporation 23,845,140 0 0 0 23,845,140

Ghana Water and Swerage Corporation 1,200,000 0 0 0 1,200,000

State Gold Mining Corporation 3,424 46,576 0 0 50,000

Minerals Commission 256 0 0 0 256

Ghana National Trading Corporation 984 0 0 0 984

Ghana Food Distribution Corporation 239 0 0 0 239

zain/Airtel 25% 2,000 0 0 0 2,000

First Ghana Building co 399 0 0 0 399

56




31/12/2014 31/12/2015


State Hotels Corporation 370 0 0 0 370

Rural Banks 9,100 0 0 0 9,100

Ghana Trade Fair Authority 500,000 0 0 0 500,000

Precious Minerals Marketing Corporation 155,000 0 0 0 155,000

Women Fund of Ghana 634,865 0 0 0 634,865

Standard Chartered Bank Ghana Ltd 4,846 0 0 0 4,846

Enterprise Insurance Company Ltd 260 0 0 0 260

The New India Assurance Company Ghana Ltd 50 0 0 0 50

Zenith Assurance Company Ltd 12 0 0 0 12

Ghana Rubber Estates Ltd 50,426 0 0 0 50,426

Ghana Sugar Estate Ltd 138 0 0 0 138

Ghana Livestock Company Ltd 40 0 0 0 40

Ejura Farms Company Ltd 530 0 0 0 530

Bakeley Steel Ltd 9 0 0 0 9

African Reinsurance Corporation 20,000,000 0 0 0 20,000,000

GOIL 26,905,604 0 0 0 26,905,604

Intercity STC Company 1,447,440 0 0 0 1,447,440

Kumasi Brewery Ltd 167 0 0 0 167

Bonsa Tyre Company Ltd 364,360 0 0 0 364,360

Ghana Reinsurance Company 20,000,000 0 0 0 20,000,000

Ghana Supply Commission 326,400 0 0 0 326,400

Ghana Tobacco Company Ltd 60 0 0 0 60

Ghana Bottling Company Ltd 99 0 0 0 99

West Africa Mills Ltd 2 0 0 0 2

Crystal Oil Mills Ltd 5 0 0 0 5

Neoplan Ghana Ltd 11 0 0 0 11

Subri Industrial Plantation Ltd 106,000 0 0 0 106,000

Anglogold Ashanti 56,708,064 0 0 0 56,708,064

Ghana Bauxite Company Ltd 48 0 0 0 48

Ghana Cargo Handling Company Ltd 30 0 0 0 30

Ghana Merchant Company 15 0 0 0 15

Ghana Export Company Ltd 4 0 0 0 4

GAFCO 25% 127,500 0 0 0 127,500

Ghana Libyan Arab Holding Company Ltd 17,104,916 0 0 0 17,104,916

Home Finance Company Ltd 3,333 0 0 0 3,333

Free Zone Board (MIN. OF TRADE) 135,000 0 0 0 135,000

Architectural and Engineering Services Limited 5,000 0 0 0 5,000

Ghana Agro-Food Company 779,422 0 0 0 779,422

Bridaltrust International Paints Company 25,000 0 0 0 25,000

Ghana Civil Aviation Authority 1,904,004 0 0 0 1,904,004

Volta River Authority 37,446 0 0 0 37,446

West African Gas Pipeline 88,682,343 0 0 0 88,682,343

Ghana International Airways 4,578,534 0 0 0 4,578,534

Metro Mass Transport 18,781,660 0 0 0 18,781,660

Kumasi Abattoir 535,244 0 0 0 535,244

Accra Abattoir 535,244 0 0 0 535,244

GHACEM 699,200 0 0 0 699,200

Cocoa Processing Company 32,305,263 0 0 0 32,305,263

GCNET 200,000 0 0 0 200,000

Produce Buying Company 8,805,613 0 0 0 8,805,613

Ghana Mangenese company Ltd 2,222 0 0 0 2,222

Aveyime Rice Project 1,039,822 0 0 0 1,039,822

57




31/12/2014 31/12/2015


GNPA Limited 100,000 0 0 0 100,000

Ghana Airports Company Limited 1,000,000 0 0 0 1,000,000

Goldfields Ghana Limited 2,500 0 0 0 2,500

Abosso Goldfields Limited 600 0 0 0 600

Graphic Communication 2,500,000 0 0 0 2,500,000

Ghana Cocoa Board 393,290 0 0 0 393,290

Ghana Publishing Company Limited 677,761 0 0 0 677,761

Ghana Heavy Equipment Limited 100,000 0 0 0 100,000

SIC Life Company Limited 4,058,573 0 0 0 4,058,573

Free Zone Board 16,243 0 0 0 16,243

New Times Company 230 0 0 0 230

Exim Guaranty Limited 3,000,000 0 0 0 3,000,000

GIHOC Distilleries Company Limited 50,000 0 0 0 50,000

Valco Limited 2,304,987 0 0 0 2,304,987

Tema Development Company 2,800 0 0 0 2,800

Gridco Company Limited 1,000 0 0 0 1,000

Tema Oil Refinery 15,242,000 0 0 0 15,242,000

Shelter Afrique 23,961,606 0 0 0 23,961,606

Venture Capital Trust Fund 0 0 5,000,000 0 5,000,000

GAMA Film Co. Ltd 2,000,600 0 0 0 2,000,600

Northern Star Tomatoes 1,000,000 0 0 0 1,000,000

Newmont Ghana Gold LTD (10%) 0 0 0 0 0

Others 906 0 0 0 906

Ghana National Gas company 30,000,000 0 0 0 30,000,000

ECOWAS Bank for Dev. & Investment 35,367,529 24,306,000 35,200,000 0 94,873,529

PSC Tema Shipyard 16,962,183 0 0 0 16,962,183

Tema Oil Refinery (Redemption of promissory Note) 607,843,010 0 0 0 607,843,010

Komenda Sugar Factory 0 33,023,904 48,676,394 0 81,700,298

Africa Finance Corporation (AFC) 0 0 42,323,000 0 42,323,000

SUB TOTAL 1,833,946,418 0 131,199,394 0 2,022,522,292

GRAND TOTAL 1,897,947,654 0 131,754,661 0 2,035,046,728

58

6 DEPOSITS AND TRUST MONIES

Balance as at Prior year New Balance Amount Due Amount Paid Balance as at

31/12/2014 adjustments for the Year for the year 31/12/2015

GH¢ GH¢ GH¢ GH¢ GH¢ GH¢

I GETFUND 402,066,008 0 402,066,008 924,755,306 1,023,547,899 303,273,416

II NHIL 278,770,754 0 278,770,754 1,237,603,071 1,095,955,000 420,418,825

III SSNIT 429,671,285 4,957,542 434,628,827 554,208,612 514,047,516 474,789,924

IV NPRA 0 49,575,421 49,575,421 599,426,774 315,207,133 333,795,062

V DIST. ASSEMBLY. COM. FUND 735,983,581 (71,140,415) 664,843,166 1,426,643,921 1,687,229,619 404,257,468

VI PETROLEUM AND ROAD FUND (106,193,502) 106,193,502 0 257,549,460 227,334,517 30,214,944

VII DEPOSITS 4,877,085 0 4,877,085 1410624432 1409880361 5,621,156

VIII POLITICAL APPOINTEES 10% SAL CUT 896,457 0 896,457 0 896,457 0

IX POOL FUNDS/ NPA 0 0 0 173,372,000 0 173,372,000

X THIRD PARTY DEPOSIT 0 0 0 5,518,160 0 5,518,160

XI GIIF 0 0 0 611,482,469 0 611,482,469

TOTAL 1,746,071,669 89,586,050 1,835,657,718 7,201,184,205 6,274,098,501 2,762,743,422

59

7 NON FINANCIAL ASSETS

7a FIXED ASSETSCOST ADDITIONS COST Current Year Acc. Depreciation REVALUATION NET BOOK

AS AT IN THE AS AT Depreciation As At VALUE

31/12/2014 YEAR 31/12/2015 Expense 31/12/2014

A B C=(A+B) D E F=(A-D)

DWELLINGS

Buildings 15,281,961 0 15,281,961 305,639 573,132 0 14,403,190

Destitute Homes 19,878 0 19,878 398 0 0 19,481

Bungalows/Flats 12,304,162 6,534,813 18,838,975 246,844 402,370 0 18,189,762

Homes of the Aged 53,665 0 53,665 1,073 0 0 52,592

Palace 6,051,230 26,950,000 33,001,230 121,025 0 0 32,880,205

TOTAL 33,710,896 33,484,813 67,195,709 674,978 975,501 0 65,545,230

NON RESIDENTIAL BUILDINGS

Hospitals 16,991,430 24,740 17,016,170 339,829 664,252 0 16,012,090

Clinics 2,549,227 7,259 2,556,486 50,985 75,541 0 2,429,961

Day Care Centre 2,441,789 0 2,441,789 9,201 0 0 2,432,589

Office Buildings 57,609,631 11,410,544 69,020,176 1,152,193 2,085,442 0 65,782,541

School Buildings 62,733,950 3,808,225 66,542,174 1,254,185 2,189,808 0 63,098,181

Slaughter House 26,976,351 0 26,976,351 539,527 1,069,176 0 25,367,648

Health Centres 2,567,023 5,000 2,572,023 51,340 8,909 0 2,511,773

TOTAL 171,869,401 15,255,768 187,125,170 3,397,259 6,093,129 0 177,634,782

OTHER STRUCTURES

Roads 550,294,700 0 550,294,700 11,005,894 22,010,552 0 517,278,254

Cemeteries 88,108 0 88,108 1,762 430 0 85,916

Toilets 4,977,836 217,689 5,195,525 99,557 275 0 5,095,694

Markets 104,339,304 215,871 104,555,175 2,086,786 356,654 0 102,111,736

Car/Lorry Park 1,352,671 25,000 1,377,671 67,634 0 0 1,310,037

Bridges 11,227,924 4,929,698 16,157,622 1,122,792 0 0 15,034,830

Road Signals 2,014,811 0 2,014,811 201,481 0 0 1,813,330

Feeder Roads 201,039,672 78,337,957 279,377,629 10,051,984 0 0 269,325,645

Urban Roads 241,870,151 227,702,689 469,572,840 12,093,508 0 0 457,479,333

Highways 260,153,854 364,811,525 624,965,380 13,007,693 0 0 611,957,687

Drainage 4,852,374 3,360,530 8,212,904 242,619 0 0 7,970,286

Workshop 1,900 0 1,900 38 0 0 1,862

TOTAL 1,382,213,306 679,600,960 2,061,814,266 49,981,747 22,367,910 0 1,989,464,609

60




31/12/2014 YEAR 31/12/2015 Expense 31/12/2014


TRANSPORT EQUIPMENT

Motor Vehicle 369,057,455 129,064,986 498,122,441 70,784,099 48,959,054 0 378,379,288

Airplanes 3,319,164 0 3,319,164 165,958 0 0 3,153,206

Trains 4,194,789 0 4,194,789 209,739 418,120 0 3,566,930

Ships and Vessels 9,289,892 0 9,289,892 464,495 232,543 0 8,592,854

Motor Bike, bicycles 559,399 107,598 666,997 111,880 75,851 0 479,267

TOTAL 386,420,699 129,172,585 515,593,284 71,736,171 49,685,568 0 394,171,545

OTHER MACHINERY AND EQUIPMENT

Plant and Equipment 525,270,758 0 525,270,758 52,527,076 96,208,168 0 376,535,514

Agricultural Machin 12,250,630 10,051,567 22,302,197 2,738,759 2,184,776 0 17,378,662

Server (Computing) 1,073,222 0 1,073,222 153,317 174,746 0 745,159

Networking and ICT Equipement 44,728,322 152,252 44,880,574 6,389,760 3,359,219 0 35,131,595

Other Capital Expend 99,012,148 0 99,012,148 9,903,685 11,713,219 0 77,395,244

Plant and Machinery 50,601,111 101,298,103 151,899,215 5,060,111 3,803,566 0 143,035,538

Other Assets 129,197,611 0 129,197,611 12,919,761 21,879,529 0 94,398,321

Computers and Access 101,085,702 258,723 101,344,426 20,217,140 36,567,571 0 44,559,714

Uninterruptible Power 21,700 0 21,700 0 21,700 0 0

Printer 230,149,643 0 230,149,643 46,029,929 92,059,677 0 92,060,037

Office Equipment 6,229,859 3,884,075 10,113,933 1,245,972 0 0 8,867,962

Air Condition 1,147,735 38,377 1,186,112 163,962 0 0 1,022,150

Electrical Networks 17,347,896 19,588,696 36,936,592 2,478,271 0 0 34,458,321

TOTAL 1,218,116,337 135,271,794 1,353,388,131 159,827,743 267,972,171 0 925,588,217

61




31/12/2014 YEAR 31/12/2015 Expense 31/12/2014


INFRASTRUCTURE ASSETS

Electrical Networks 809,319,260 96,625,079 905,944,339 80,931,926 80,567,313 0 744,445,101

Sewers 1,343,201 25,000 1,368,201 671,601 163,439 0 533,161

Landscaping and Gardening 1,711,268 5,005 1,716,273 342,254 462,487 0 911,532

Runways 6,175,751 0 6,175,751 617,575 604,023 0 4,954,152

Interior Develpoment 17,175 0 17,175 0 17,175 0 0

Furniture and Fittings 26,284,954 6,199,011 32,483,966 2,629,824 2,432,359 0 27,421,783

Irrigation Systems 26,518,348 34,031,168 60,549,516 1,325,917 629,921 0 58,593,678

Water Systems 1,496,148 22,810,200 24,306,348 74,143 11,804 0 24,220,401

Sea Wall 0 64,079,976 64,079,976 0 0 64,079,976

TOTAL 872,866,106 223,775,440 1,096,641,545 86,593,240 84,888,521 0 925,159,785

Computer Software 6,745,558 0 6,745,558 1,349,112 0 0 6,745,558

GRAND TOTAL 4,065,196,746 1,216,561,360 5,281,758,106 372,211,138 431,982,800 0 4,477,564,167

62


7b Work-In-ProgressCOST ADDITIONS COSTAS AT IN THE AS AT

31/1/2014 YEAR 31/12/2015DWELLINGSWIP - Buildings 83,565,160 0 83,565,160

WIP - Dest. Homes 2,647,872 155,015 2,802,887

WIP - Bungalows/Flat 27,644,414 6,496,244 34,140,658

WIP - Consultancy Fees 245,198 0 245,198

TOTAL 114,102,645 6,651,259 120,753,904

NON RESIDENTIAL BUILDINGS WIP - Hospitals 41,738,871 692,585 42,431,456

WIP - Clinics 159,497 0 159,497

WIP - Health Centres 1,149,370 274,964 1,424,334

WIP - Day Care Centre 61,329 0 61,329

WIP - Office Buildings 130,286,117 22,567,190 152,853,306

WIP - School Buildings 30,866,480 48,057,939 78,924,419

WIP - Slaughter House 196,457 0 196,457

TOTAL 204,458,121 71,592,678 276,050,799

OTHER STRUCTURES WIP - Toilets 586,047 0 586,047

WIP - Roads 676,590,780 0 676,590,780

WIP - Markets 2,831,446 1,579,058 4,410,504

WIP - Car/Lorry Park 267,676 0 267,676

WIP - Bridges 18,519,141 0 18,519,141

WIP-Feeder Roads 0 739,172 739,172

WIP-Urban Roads 0 35,867,366 35,867,366

WIP-Highways 0 46,189,309 46,189,309

WIP-Sports Stadium 383,706 0 383,706

WIP-Railway Lines 112,807,929 15,756,448 128,564,377

TOTAL 811,986,725 100,131,353 912,118,078

TRANSPORT EQUIPMENTWIP - Ships and Vessels 2,625,894 687,014 3,312,908

WIP - Trains 0 26,415,195 26,415,195

TOTAL 2,625,894 27,102,209 29,728,102

INFRASTRUCTURE ASSETSWIP - Electrical Networks 48,665,366 25,645,467 74,310,833

WIP - Utilities Networks 452,603 0 452,603

WIP - Furniture and Fittings 49,800 0 49,800

WIP - Water Systems 985,985 23,920 1,009,905

WIP- Sea Wall 169,852,603 26,939,520 196,792,123

TOTAL 220,006,357 52,608,907 272,615,263

GRAND TOTAL 1,353,179,741 258,086,406 1,611,266,146

63

8 DOMESTIC BORROWING

M BALANCE AS PRIOR YEAR RE-STATED INCREASE DECREASE BALANCE AS

D AT 31/12/2014 ADJUSTMENTS BALANCE AT 31/12/2015

SHORT TERM

SHORT TERM SECURITIES 13,662,850,040 593,780,652 14,256,630,692 47,096,922,154 43,288,016,142 18,065,536,704

MEDIUM TERM SECURITIES 12,601,951,341 443,911,331 13,045,862,672 5,007,342,207 5,517,886,610 12,535,318,270

LONG TERM SECURITIES 6,832,275,994 1,056,599,138 7,888,875,132 0 0 7,888,875,132

TOTAL 33,097,077,375 2,094,291,121 35,191,368,496 52,104,264,361 48,805,902,752 38,489,730,105

8a

TREASURY BILLS

91 DAY BILL 8,090,106,092 (150,687,792) 7,939,418,300 33,796,489,920 32,869,112,935 8,866,795,285

182 DAY BILL 3,931,169,215 562,203,585 4,493,372,800 12,195,027,208 8,922,968,098 7,765,431,910

1 YEAR BILL 1,096,017,066 157,311,964 1,253,329,030 1,032,553,648 1,272,371,505 1,013,511,173

TOTAL TREASURY BILLS 13,117,292,373 568,827,757 13,686,120,130 47,024,070,776 43,064,452,538 17,645,738,368

SHORT TERM STANDARD LOANS

SSNIT 107,776,739 15,716,714 123,493,453 35,679,234 46,948,137 112,224,551

BARCLAYS BANK LTD (BBL) 41,250,000 0 41,250,000 0 13,750,000 27,500,000

CAL BANK 144,588,164 (1,420,352) 143,167,812 0 48,409,905 94,757,907

FIDELITY BANK 176,398,189 14,402,251 190,800,440 37,172,143 91,155,645 136,816,938

TTB/Ecobank 62,958,640 (5,827,835) 57,130,805 0 16,736,437 40,394,368

SOCIETE GENERALE 12,585,935 2,082,117 14,668,053 0 6,563,481 8,104,572

TOTAL SHORT TERM ADVANCES 545,557,667 24,952,896 570,510,562 72,851,377 223,563,604 419,798,336

TOTAL SHORT TERM 13,662,850,040 593,780,652 14,256,630,692 47,096,922,154 43,288,016,142 18,065,536,704

8b

MEDIUM TERM

TREASURY NOTES

2 YR FIXED T/NOTE 2,661,859,070 84,350,930 2,746,210,000 1,390,836,131 2,304,639,015 1,832,407,116

3 YR FIXED T/BOND 4,698,623,471 362,744,429 5,061,367,900 2,898,142,684 2,802,530,708 5,156,979,876

3-YEAR SADA STOCK T/NOTE 202,531,600 46 202,531,646 0 202,531,646 0

3-YEAR STOCK SSNIT-14% 208,185,241 0 208,185,241 0 208,185,241 0

5-YEAR STOCK (SSNIT) - 21.0% 159,301,220 0 159,301,220 0 0 159,301,220

GOV/SSNIT/14/01 5-YEAR STOCK 914,327,665 0 914,327,665 0 0 914,327,665

SUB TOTAL - SSC BONDS 8,844,828,267 447,095,405 9,291,923,672 4,288,978,815 5,517,886,610 8,063,015,878

64

8 DOMESTIC BORROWING

M BALANCE AS PRIOR YEAR RE-STATED INCREASE DECREASE BALANCE AS

D AT 31/12/2014 ADJUSTMENTS BALANCE AT 31/12/2015

TEMA OIL REFINERY BONDS

GCB/TOR/06/01 110,000,000 0 110,000,000 0 0 110,000,000

TOR 3 YEAR STOCK - GOV/TC/2011/1 -GCB 2011 -2014572,000,000 0 572,000,000 0 0 572,000,000

SUB TOTAL-TOR BONDS 682,000,000 0 682,000,000 0 0 682,000,000

GOG PETROLEUM FINANCE BONDS 80,020,000 0 80,020,000 0 0 80,020,000

5 YEAR GOG BOND 2,793,502,371 (3,303,371) 2,790,199,000 718,363,392 0 3,508,562,392

5 YEAR GOLDEN JUBILEE BONDS (119,297) 119,297 0 0

7 YEAR GOG BONDS 201,720,000 0 201,720,000 0 0 201,720,000

SUB TOTAL -PETROLEUM 3,075,123,074 (3,184,074) 3,071,939,000 718,363,392 0 3,790,302,392

TOTAL MEDIUM TERM 12,601,951,341 443,911,331 13,045,862,672 5,007,342,207 5,517,886,610 12,535,318,270

8cLONG TERM

REGISTERED STOCKS

6.0% Gh. Gov't. Funding Registered Stock 2000/2004128,137 0 128,137 0 0 128,137

16.5% Gh. Gov't.Soc.Sec.Regd. Stock 2005/201050,000 0 50,000 0 0 50,000

12% Ten year social sec. Cont.Bonds 789,612 0 789,612 0 0 789,612

Miscellaeous(Dev. Bonds,Bearer Bonds) 15,600 0 15,600 0 0 15,600

Telekom Malaysia Stocks 109,457,700 0 109,457,700 0 0 109,457,700

Securitisation of Short Term Advances (Redeemable Stk) 2009 -2014327,259,700 0 327,259,700 0 0 327,259,700

10% GOG STOCK NO. GOV/TC/2011/1 646,706,904 0 646,706,904 0 0 646,706,904

BOG/GOG/14/02 Securitisation of 2013 End of Year Account2,606,359,106 0 2,606,359,106 0 2,606,359,106

(BOG/GOV/SEC/13/01) 2,433,865,656 0 2,433,865,656 0 0 2,433,865,656

BOG/GOV/12/01 0.0 1,056,599,138 1,056,599,138 0 0 1,056,599,138

SUB TOTAL 6,124,632,415 1,056,599,138 7,181,231,553 0 0 7,181,231,553

REVALUATION STOCKS

4%Bank of Ghana Recap. Registered stock 48,605,637 0 48,605,637 0 0 48,605,637

4%Bank of Ghana Recap. Registered stock 44,312,985 0 44,312,985 0 0 44,312,985

GOG Revaluation Registered stock 2002 - 2011A98,993,079 0 98,993,079 0 0 98,993,079

GOG Revaluation Registered stock 2002 - 2011B85,430,394 0 85,430,394 0 0 85,430,394

Revaluation Registered stock 2005-201424,642,868 0 24,642,868 0 0 24,642,868

Revaluation Registered stock 2005-201459,074,076 0 59,074,076 0 0 59,074,076

Long Tem Stock (10% GOG Redeemable Stk-GOV/TC/10/01) 346,584,540 0 346,584,540 0 0 346,584,540

SUB TOTAL 707,643,579 0 707,643,579 0 0 707,643,579

TOTAL LONG TERM 6,832,275,994 1,056,599,138 7,888,875,132 0 0 7,888,875,132

65

9. EXTERNAL DEBT

BALANCE RESTATED ACTUAL EXCHANGE

CREDITOR CRED L'KEY PROJECT TITLE AT AS ADJUSTMENT BAL AS AT RECEIPTS PAYMENTS BAL. AS AT DIFFERENCE31/12/2014 1/12/2015 31/12/15

MULTILATERAL CREDITORSArab Bank for Economic Development ABED 1993007 Rehab. of Transport Sector 2nd Prog. Pj. 12,106,957 834,963 12,941,920 0 976,108 14,317,822 2,352,011

Arab Bank for Economic Development ABED 1994020 Takoradi Thermal Power Project 2,522,688 0 2,522,688 0 0 2,983,359 460,671

Arab Bank for Economic Development ABED 1996017 Korle Lagoon Rehabilitation Project 16,260,239 0 16,260,239 0 1,188,059 18,027,693 2,955,513

Arab Bank for Economic Development ABED 1998011 Bolgatanga Hospital Rehabilitation Proj. 6,394,493 0 6,394,493 0 1,015,183 6,575,161 1,195,851

Arab Bank for Economic Development ABED 1998022 Tamale Storm Water Drainage Project (1,296,395) 19,037,349 17,740,955 0 1,536,177 19,439,927 3,235,149

Arab Bank for Economic Development ABED 1999013 Achimota-Anyinam Road Project "USD". 12,217,104 0 12,217,104 0 899,162 13,513,522 2,195,579

Arab Bank for Economic Development ABED 2000007 Small Farms Irrigation Project II 12,445,057 0 12,445,057 0 1,694,368 12,956,180 2,205,491

Arab Bank for Economic Development ABED 2000008 Korle Lagoon Rehab Pj (Additional loan) 10,830,877 0 10,830,877 0 916,581 11,855,845 1,941,549

Arab Bank for Economic Development ABED 2001030 Line of credit to Agric Dev't Bank 2,020,543 359,531 2,380,074 0 443,947 2,378,128 442,000

Arab Bank for Economic Development ABED 2003016 Rehab. of Bolgatanga Regional Hosp. AL 3,232,543 (73,832) 3,158,710 0 143,085 3,591,267 575,641

Arab Bank for Economic Development ABED 2003024 Tetteh Quashie Mamfe Road Project 20,311,705 0 20,311,705 0 1,447,993 22,631,402 3,767,690

Arab Bank for Economic Development ABED 2004011 Basic Edn Support In Ash & BA Regions 10,283,797 0 10,283,797 0 0 12,161,733 1,877,936

Arab Bank for Economic Development ABED 2006013 Construction of Seven (7) Bridges 22,216,146 (1,906,134) 20,310,012 0 686,913 23,331,716 3,708,617

Arab Bank for Economic Development ABED 2009003 Radiotherapy and Nuclear Medicine Treat'mt Ser. Pj 128,468 0 128,468 0 0 151,928 23,460

African Development Fund ADF 1985047 Anyinam-Kumasi Road Construction "USD" 1,123,570 0 1,123,570 0 62,342 1,265,472 204,245

African Development Fund ADF 1985048 Anyinam-Kumasi Road Construction "JPK" 1,119,478 (0) 1,119,478 0 61,601 1,243,864 185,987

African Development Fund ADF 1985077 Anyinam-Kumasi Road Construction "xeu" 8,719,940 0 8,719,940 0 437,603 8,824,780 542,442

African Development Fund ADF 1998013 Poverty Reduction Project. "JPK" 92,531 0 92,531 0 2,965 104,969 15,402

African Development Fund ADF 1998015 Food Crops Devt. Project (XEU) 12,091,701 71,548 12,163,249 0 150,527 12,774,084 761,362

African Development Fund ADF 1998016 Small Scale Irrigation Devt Pj. 13,257,280 0 13,257,280 0 174,321 13,912,698 829,738

African Development Fund ADF 1998029 Small Scale Irrigation Devt Pj. 9,695,763 176,006 9,871,769 0 540,420 11,125,968 1,794,618

African Development Fund ADF 1998034 Poverty Reduction Project 359,640 0 359,640 0 4,251 377,903 22,514

African Development Fund ADF 1998036 Achimota-Anyinam Road Project 'JPK' 1,165,306 (0) 1,165,306 0 0 1,359,524 194,218

African Development Fund ADF 1998037 Food Crops Devt Project (USD) 11,075,272 192,373 11,267,645 0 301,382 13,019,356 2,053,093

African Development Fund ADF 1998038 Food Crops Development Pj. "JPK" 1,824,671 0 1,824,671 0 0 2,128,782 304,112

African Development Fund ADF 1998039 Small-Scale Irrigation Dev. Pj. "JPK" 10,112,890 0 10,112,890 0 0 11,798,372 1,685,482

African Development Fund ADF 1998040 Achimota-Anyinam Road Rehab. Pj. "XEU" 4,817,994 (0) 4,817,994 0 56,946 5,062,659 301,611

African Development Fund ADF 1998041 Achimota-Anyinam Road Rehab. Pj. "USD" 0 12,638,054 12,638,054 0 37,335 14,908,010 2,307,291

African Development Fund ADF 1999042 Fourth Line of credit to the AgDB "JPK" 2,375,034 0 2,375,034 0 0 2,770,873 395,839

African Development Fund ADF 1999044 Fourth Line of credit to the AgDB "USD" 0 13,622,608 13,622,608 0 1,132,896 14,791,697 2,301,985

African Development Fund ADF 2001012 Inland Valleys Rice Development Project "JPK" 7,200,548 (0) 7,200,548 0 0 8,400,639 1,200,091

African Development Fund ADF 2001013 Cashew Development Project "JPK" 4,963,908 (0) 4,963,908 0 0 5,791,226 827,318

African Development Fund ADF 2001025 Rural Financial Service Pj. "XEU" 3,791,842 (10,038) 3,781,804 0 22,188 3,997,674 238,057

African Development Fund ADF 2001026 Rural Financial Service Pj. "JPK" 3,645,884 0 3,645,884 0 0 4,253,532 607,647

African Development Fund ADF 2001027 Rural Financial Service Pj. "USD" 663,033 70,680 733,713 0 79,671 775,119 121,076

African Development Fund ADF 2001028 Tetteh-Quarshie-Mamfe Road Project "USD" 8,831,618 295,345 9,126,963 0 441,328 10,331,936 1,646,301

African Development Fund ADF 2001029 Tetteh-Quarshie-Mamfe Road Project "JPK" 15,751,265 (0) 15,751,265 0 0 18,376,476 2,625,211

African Development Fund ADF 2001031 Cashew Development Project 'XEU' (157,519) 16,507,462 16,349,943 0 161,328 17,208,050 1,019,436

African Development Fund ADF 2001032 Cashew Development Project 'USD' 12,912,171 109,749 13,021,920 0 276,600 15,110,492 2,365,172

African Development Fund ADF 2001034 Inland Valleys Rice Development Project 'USD' 30,014,389 (155,051) 29,859,338 0 525,177 34,790,368 5,456,206

African Development Fund ADF 2001035 Tetteh-Quarshie-Mamfe Road Project 'XEU' 24,484,773 (0) 24,484,773 0 261,218 25,749,468 1,525,912

African Development Fund ADF 2001087 Inland Valleys Rice Development Project 'XEU' 14,541,200 (74,959) 14,466,242 0 161,807 15,212,644 908,209

African Development Fund ADF 2001088 Inland Valleys Rice Development Project 'GBP' 60,964 331 61,295 0 775 68,331 7,812

African Development Fund ADF 2002006 Tema-Aflao Road Rehab. Akatsi-Aflao USD 37,036,704 1,997,525 39,034,229 0 590,497 45,575,818 7,132,086

African Development Fund ADF 2002006 Tema-Aflao Road Rehab. Akatsi-Aflao XEU 0 10,342,799 10,342,799 0 112,753 10,879,365 649,318

African Development Fund ADF 2002006 Tema-Aflao Road Rehab. Akatsi-Aflao JPK 0 6,040,094 6,040,094 0 0 7,046,776 1,006,682

African Development Fund ADF 2002006 Tema-Aflao Road Rehab. Akatsi-Aflao GBP 0 1,425,192 1,425,192 0 17,012 1,589,776 181,596

African Development Fund ADF 2002010 Livestock Development Project JPK 14,521,291 0 14,521,292 0 0 16,941,507 2,420,215

African Development Fund ADF 2002042 Livestock Development Project "USD" 35,001,387 115,583 35,116,970 0 705,508 40,828,993 6,417,530

African Development Fund ADF 2002045 Livestock Development Project (XEU) 25,746,070 0 25,746,070 0 282,112 27,080,298 1,616,340

African Development Fund ADF 2002046 Livestock Development Project (GBP) (90,831) 109,441 18,610 0 223 20,758 2,371

African Development Fund ADF 2003012 Akatsi-Dzodze-Noepe RD. Upgrading Pj.'USD 29,944,682 (13,049,298) 16,895,384 0 480,048 19,478,448 3,063,113

African Development Fund ADF 2003012 Akatsi-Dzodze-Noepe RD. Upgrading Pj.'XEU' (72,933) 7,256,851 7,183,918 0 74,697 7,557,002 447,781

African Development Fund ADF 2003012 Akatsi-Dzodze-Noepe RD. Upgrading Pj.'JPK' 0 16,045,713 16,045,713 0 0 18,719,998 2,674,285

African Development Fund ADF 2003012 Akatsi-Dzodze-Noepe RD. Upgrading Pj.'GBP' 0 1,171,901 1,171,901 0 18,895 1,301,647 148,641

African Development Fund ADF 2003020 Community Forestry Management Project 'JPK' 0 8,268,344 8,268,344 0 0 9,646,402 1,378,057

66

9. EXTERNAL DEBT



African Development Fund ADF 2003021 UEMOA Road Programme I USD 65,784,974 (29,584,522) 36,200,452 0 426,067 42,378,623 6,604,238

African Development Fund ADF 2003021 UEMOA Road Programme I XEU 0 42,369,813 42,369,813 0 450,200 44,572,524 2,652,911

African Development Fund ADF 2003021 UEMOA Road Programme I JPK 0 12,197,624 12,197,624 0 142,374 14,086,819 2,031,568

African Development Fund ADF 2003021 UEMOA Road Programme I GBP 0 7,655,682 7,655,682 0 86,901 8,540,666 971,885

African Development Fund ADF 2003025 Rural Enterprise Project <agric-based> "JPK" 3,981,503 0 3,981,503 0 0 4,645,087 663,584

African Development Fund ADF 2003028 Community Forestry Management Project 'XEU' 15,916,504 0 15,916,504 0 173,515 16,742,223 999,234

African Development Fund ADF 2003029 Health Services Rehab Project III (XEU) 17,804,499 0 17,804,499 0 193,111 18,729,145 1,117,757

African Development Fund ADF 2003030 Nerica Rice Dissemination Project 'JPK' 3,884,337 (0) 3,884,337 0 0 4,531,726 647,389

African Development Fund ADF 2003031 Rural Enterprise Pj.(agric-based) -XEU 13,307,831 67,897 13,375,728 0 145,076 14,070,373 839,721

African Development Fund ADF 2003032 Nerica Rice Dissemination Project 'USD' 5,400,729 29,372 5,430,100 0 132,704 6,287,010 989,614

African Development Fund ADF 2003033 Rural Enterprise Pj.(agric-based) USD 15,451,256 30,106 15,481,362 0 260,155 18,050,039 2,828,832

African Development Fund ADF 2003034 Health Services Rehab Project III JPK 15,958,250 0 15,958,250 0 0 18,617,958 2,659,708

African Development Fund ADF 2003035 Health Services Rehab Project III USD 26,521,218 120,632 26,641,850 0 610,776 30,900,311 4,869,237

African Development Fund ADF 2003038 Community Forestry Management Project 'USD' 2,434,466 62,522 2,496,988 0 179,984 2,774,201 457,197

African Development Fund ADF 2003039 Nerica Rice Dissemination Project 'XEU 2,184,593 0 2,184,593 0 23,212 2,298,165 136,784

African Development Fund ADF 2003040 Health Services Rehab Project III GBP 9,949,102 2,692,605 12,641,708 0 149,518 14,102,927 1,610,738

African Development Fund ADF 2003041 Community Forestry Management Project 'GBP' (408,641) 433,333 24,693 0 295 27,544 3,146

African Development Fund ADF 2004012 Development of Senior Sec. Ed. Pj. III "JPK" 8,765,033 0 8,765,033 0 0 10,225,872 1,460,839

African Development Fund ADF 2004019 Int. Mgmt. Invasive Aquatic Weeds in W/A' USD' 4,194,135 1,093,327 5,287,462 0 59,770 6,190,482 962,789

African Development Fund ADF 2004019 Int. Mgmt. Invasive Aquatic Weeds in W/A 'XEU' 0 1,102,184 1,102,184 0 11,288 1,159,602 68,707

African Development Fund ADF 2004019 Int. Mgmt. Invasive Aquatic Weeds in W/A 'JPK' 0 289,911 289,911 0 3,312 334,847 48,249

African Development Fund ADF 2004019 Int. Mgmt. Invasive Aquatic Weeds in W/A 'GBP' 0 18,326 18,326 0 205 20,446 2,325

African Development Fund ADF 2004029 Nsawam Apedwa Road Pj.<JPK> 15,504,742 0 15,504,742 0 0 18,088,866 2,584,124

African Development Fund ADF 2004033 Nsawam Apedwa Rd. Pj. ADF XEU 10,780,228 (54,172) 10,726,056 0 115,750 11,283,680 673,373

African Development Fund ADF 2004035 Dev't of Senior Sec. Edu. Pj. III XEU 34,496,141 43,455 34,539,596 0 372,263 36,335,698 2,168,365

African Development Fund ADF 2004036 Nsawam Apedwa Rd. Pj. ADF 'USD' 24,468,587 (123,547) 24,345,040 0 573,400 28,221,201 4,449,561

African Development Fund ADF 2004037 Dev't of Senior Sec. Edu. Pj. III USD 36,352,283 250,544 36,602,827 0 596,636 42,694,318 6,688,127

African Development Fund ADF 2004042 Dev't of Senior Sec. Edu. Pj. III GBP 11,157,702 113,276 11,270,978 0 132,507 12,574,528 1,436,057

African Development Fund ADF 2004043 Nsawam Apedwa Rd. (Road Infra. 2003) Pj. ADF 'GBP' 6,371,501 (32,018) 6,339,483 0 74,907 7,072,316 807,740

African Development Fund ADF 2005004 Tsetse and Trypanosomiasis Free Areas Pj. 'USD' 20,357,978 1,429,144 21,787,122 0 322,006 25,445,869 3,980,753

African Development Fund ADF 2005004 Tsetse and Trypanosomiasis Free Areas Pj. 'XEU' 0 5,601,713 5,601,713 0 59,846 5,893,535 351,668

African Development Fund ADF 2005004 Tsetse and Trypanosomiasis Free Areas Pj. 'JPK' 0 3,475,971 3,475,971 0 0 4,055,300 579,329

African Development Fund ADF 2005004 Tsetse and Trypanosomiasis Free Areas Pj. 'GBP' 0 0 0 0 0 0 0

African Development Fund ADF 2005007 Export Market and Quality Awareness Pg. 'USD' 44,904,363 (20,286,027) 24,618,336 0 145,451 28,968,349 4,495,463

African Development Fund ADF 2005007 Export Market and Quality Awareness Pg. 'XEU' 0 16,584,551 16,584,551 0 86,066 17,536,648 1,038,163

African Development Fund ADF 2005007 Export Market and Quality Awareness Pg. JPK' 0 10,433,015 10,433,015 0 59,507 12,110,991 1,737,483

African Development Fund ADF 2005007 Export Market and Quality Awareness Pg. 'GBP' 0 16,905,461 16,905,461 0 97,044 18,956,888 2,148,471

African Development Fund ADF 2005017 Second Poverty Reduction Support Loan 134,864,033 69,926,929 204,790,962 0 1,209,952 240,977,131 37,396,121

African Development Fund ADF 2005018 Urban Poverty Reduction Project 'USD' 59,183,082 21,471,535 80,654,617 0 0 95,383,048 14,728,431

African Development Fund ADF 2005018 Urban Poverty Reduction Project 'XEU' 0 1,241,232 1,241,232 0 0 1,319,085 77,853

African Development Fund ADF 2005018 Urban Poverty Reduction Project 'JPK' 0 2,857,731 2,857,731 0 0 3,334,020 476,289

African Development Fund ADF 2006016 Accra Sewerage Improvement Project 'USD' 45,972,832 67,099,615 113,072,447 0 0 133,720,735 20,648,288

African Development Fund ADF 2006016 Accra Sewerage Improvement Project 'XEU' 0 3,118,716 3,118,716 0 0 3,314,329 195,613

African Development Fund ADF 2006016 Accra Sewerage Improvement Project 'JPK' 0 1,872,706 1,872,706 0 0 2,184,823 312,118

African Development Fund ADF 2006021 Afram Plains Agric. Dev't Pj. 'USD' 1,557,481 72,186,399 73,743,880 0 0 87,210,333 13,466,453

African Development Fund ADF 2006021 Afram Plains Agric. Dev't Pj. 'XEU' 0 11,617,002 11,617,002 0 0 12,345,647 728,645

African Development Fund ADF 2006021 Afram Plains Agric. Dev't Pj. 'JPK' 0 5,755,379 5,755,379 0 0 6,714,609 959,230

African Development Fund ADF 2007001 Ghana-Togo-Benin 330kV Power Inter-connection Pj 'USD'33,304,634 (22,569,091) 10,735,543 329,215 0 13,022,222 1,957,465

African Development Fund ADF 2007001 Ghana-Togo-Benin 330kV Power Inter-connection Pj 'XEU' 0 19,990,879 19,990,879 4,824,715 0 25,812,838 997,244

African Development Fund ADF 2007001 Ghana-Togo-Benin 330kV Power Inter-connection Pj 'JPK' 0 4,816,841 4,816,841 0 0 5,619,648 802,807

African Development Fund ADF 2007001 Ghana-Togo-Benin 330kV Power Inter-connection Pj 'GBP 0 18,153,721 18,153,721 7,267,752 0 27,716,683 2,295,210

African Development Fund ADF 2008005 Power System Reinforcement Project 'USD' 57,070,622 (31,756,054) 25,314,568 450,576 0 30,386,919 4,621,774

African Development Fund ADF 2008005 Power System Reinforcement Project 'XEU' 0 29,372,295 29,372,295 50,828 0 31,265,127 1,842,004

African Development Fund ADF 2008005 Power System Reinforcement Project 'JPK' 0 7,061,946 7,061,946 359,665 0 8,646,472 1,224,860

African Development Fund ADF 2008005 Power System Reinforcement Project GBP' 0 32,122,060 32,122,060 7,113,854 0 43,752,190 4,516,276

African Development Fund ADF 2008006 Northern Rural Growth Programme 'USD' 30,353,797 (20,155,216) 10,198,581 0 0 12,060,956 1,862,374

African Development Fund ADF 2008006 Northern Rural Growth Programme 'XEU' 0 20,980,072 20,980,072 22,319,000 0 44,048,253 749,182

African Development Fund ADF 2008006 Northern Rural Growth Programme JPK' 0 10,350,296 10,350,296 0 0 12,075,345 1,725,049

67

9. EXTERNAL DEBT



African Development Fund ADF 2008006 Northern Rural Growth Programme 'GBP' 0 31,388,639 31,388,639 21,446,760 0 57,903,154 5,067,756

African Development Fund ADF 2008015 Gender Responsive Skills and Community Development PJ. 'USD'6,241,732 (5,244,810) 996,923 0 0 1,178,972 182,049

African Development Fund ADF 2008015 Gender Responsive Skills and Community Development PJ. 'XEU' 0 2,711,160 2,711,160 0 0 2,881,211 170,050

African Development Fund ADF 2008015 Gender Responsive Skills and Community Development PJ.'JPK' 0 1,651,675 1,651,675 0 0 1,926,954 275,279

African Development Fund ADF 2008015 Gender Responsive Skills and Community Development PJ. 'GBP' 0 3,770,752 3,770,752 143,235 0 4,403,138 489,151

African Development Fund ADF 2008028 Poverty Reduction Support Loan III 'USD' 275,961,600 176,042,951 452,004,551 0 0 534,545,614 82,541,063

African Development Fund ADF 2009010 UEMOA-Ghana Road Programme - Additional Loan 'USD'12,751,947 (6,697,770) 6,054,177 0 125,745 7,013,620 1,085,188

African Development Fund ADF 2009010 UEMOA-Ghana Road Programme - Additional Loan 'XEU' 0 3,885,174 3,885,174 0 87,633 4,044,599 247,057

African Development Fund ADF 2009010 UEMOA-Ghana Road Programme - Additional Loan 'JPK' 0 5,025,664 5,025,664 0 120,986 5,743,616 838,938

African Development Fund ADF 2009010 UEMOA-Ghana Road Programme - Additional Loan 'GBP' 0 4,237,884 4,237,884 0 101,502 4,678,549 542,167

African Development Fund ADF 2009011 Tema -Afloa Rehab. Road Pj - Additional Loan 'USD' 52,867,287 (26,485,159) 26,382,128 0 559,598 30,549,538 4,727,008

African Development Fund ADF 2009011 Tema -Afloa Rehab. Road Pj - Additional Loan 'XEU' 0 31,316,854 31,316,854 0 648,095 32,679,428 2,010,668

African Development Fund ADF 2009011 Tema -Afloa Rehab. Road Pj - Additional Loan 'JPK' 0 3,884,722 3,884,722 0 104,147 4,429,172 648,596

African Development Fund ADF 2009011 Tema -Afloa Rehab. Road Pj - Additional Loan 'GBP' 0 36,682,065 36,682,065 13,225,851 1,178,481 54,062,194 5,332,759

African Development Fund ADF 2009012 Akatsi-Dzodze-Noepe Road Upgrading Pj- Additionnal Loan 'USD'31,396,531 12,823,115 44,219,646 0 918,438 51,227,408 7,926,200

African Development Fund ADF 2009012 Akatsi-Dzodze-Noepe Road Upgrading Pj- Additionnal Loan 'XEU'0 3,864,956 3,864,956 0 87,177 4,023,551 245,772

African Development Fund ADF 2009012 Akatsi-Dzodze-Noepe Road Upgrading Pj- Additionnal Loan 'JPK'0 1,064,092 1,064,092 0 25,617 1,216,105 177,630

African Development Fund ADF 2009012 Akatsi-Dzodze-Noepe Road Upgrading Pj- Additionnal Loan 'GBP'0 1,327,021 1,327,021 0 31,784 1,465,008 169,770

African Development Fund ADF 2010005 Rehabilitation of Pokuasi-Awoshie Road 'USD' 85,164,256 (52,970,024) 32,194,231 0 0 38,073,256 5,879,025

African Development Fund ADF 2010005 Rehabilitation of Pokuasi-Awoshie Road 'XEU' 0 24,356,609 24,356,609 6,328,481 0 32,017,435 1,332,345

African Development Fund ADF 2010005 Rehabilitation of Pokuasi-Awoshie Road 'JPK' 0 15,518,493 15,518,493 0 0 18,104,908 2,586,415

African Development Fund ADF 2010005 Rehabilitation of Pokuasi-Awoshie Road 'GBP' 0 73,769,478 73,769,478 5,737,326 0 88,918,945 9,412,141

African Development Fund ADF 2011024 Poverty Reduction and Buss. Env. Supp. Prog. (PRBSP)141,243,128 74,958,969 216,202,097 0 0 255,683,007 39,480,910

African Development Fund ADF 2012041 Development of Skills for Industry Project 1,661,759 4,502,658 6,164,417 901,579 0 8,178,740 1,112,744

African Development Fund ADF 2015017 Programme Based Operation 209,981,596 210,003,723 22,127

Ecowas Bank for International DevelopmentEBID 2002007 Akatsi-Aflao Road Rehab. Pj. Main 5,630,142 1,652,164 7,282,306 0 1,439,551 10,405,709 4,562,955

Ecowas Bank for International DevelopmentEBID 2008018 Modernization of Ghana National Fire Service 13,285,249 0 13,285,249 707,388 1,396,578 15,127,883 2,531,824

Ecowas Bank for International DevelopmentEBID 2009022 SHEP-4 Ashant Region and B/A 11,179,409 19,191,145 30,370,554 1,714,769 0 37,929,317 5,843,994

Ecowas Bank for International DevelopmentEBID 2010006 Bekwai District Hospital (Health Services Rehab Pj. III) 7,989,208 754,847 8,744,055 0 0 14,842,941 6,098,886

Ecowas Bank for International Development 38,084,009 21,598,155 59,682,164 2,422,157 2,836,129 78,305,850 19,037,658

European Investment Bank EIB 2006014 West African Gas Pipeline Project 215,937,996 0 215,937,996 0 17,110,360 212,186,585 13,358,949

International Development AssociationIDA 1995033 Thermal Power Project 56,233,715 (1,621) 56,232,094 0 3,319,393 60,731,759 7,819,058

International Development AssociationIDA 1996018 Urban Environmental Sanitation Pj-URB 4 3,453,738 (1,290) 3,452,448 0 97,422 3,829,409 474,382

International Development AssociationIDA 1996021 Public Enterprise & Priv. Tech. Asst. Pj 11,611,678 (1,147) 11,610,531 0 281,509 12,878,198 1,549,175

International Development AssociationIDA 1997023 Village Infrastructure Pj. 13,456,357 159,431 13,615,788 0 185,928 15,297,272 1,867,411

International Development AssociationIDA 1998025 Trade and Investment Gateway Pj. 68,840,301 (765,991) 68,074,310 0 1,738,823 75,695,600 9,360,113

International Development AssociationIDA 1999009 Public Sector Management Reform Project 160,619 (4,517) 156,102 0 3,914 173,467 21,280

International Development AssociationIDA 1999016 Community Water and Sanitation ProjectII 38,259,856 (4,108) 38,255,748 0 999,832 42,516,349 5,260,433

International Development AssociationIDA 2000006 National Functional Literacy Project 67,932,095 (12,265) 67,919,830 0 1,775,062 75,484,218 9,339,451

International Development AssociationIDA 2000013 Urban V Project 8,434,757 (1,460) 8,433,298 0 221,287 9,375,668 1,163,657

International Development AssociationIDA 2001014 Road Sector Development Project 642,754,774 (6,986,690) 635,768,084 0 15,170,763 707,148,566 86,551,245

International Development AssociationIDA 2001015 Rural Financial Services Project 13,704,543 (2,491) 13,702,052 0 350,264 15,235,803 1,884,015

International Development AssociationIDA 2001018 Ghana Aids Response Project 40,621,781 (6,933) 40,614,848 0 1,042,562 45,175,718 5,603,432

International Development AssociationIDA 2001019 Community-Based Poverty Reduction Proj 9,120,929 (621) 9,120,307 0 211,216 10,133,886 1,224,795

International Development AssociationIDA 2001020 Agric.Services Sub-sector Investment Pj. 159,566,202 (10,635) 159,555,567 0 3,615,629 177,376,896 21,436,958

International Development AssociationIDA 2003005 2ND Health Sector Program Support Pj. 193,569,511 (63,030) 193,506,481 0 4,649,744 215,484,035 26,627,299

International Development AssociationIDA 2003013 Land Administration Project 63,898,613 1,691,556 65,590,169 0 1,394,147 73,019,628 8,823,606

International Development AssociationIDA 2004005 Education Sector Project 243,043,178 (1,065,263) 241,977,915 0 4,959,144 269,994,748 32,975,976

International Development AssociationIDA 2004006 Second Poverty Reduction Support Financg 268,894,890 (65,019) 268,829,871 0 6,075,366 299,422,618 36,668,114

International Development AssociationIDA 2004007 Community Based Rural Dev't Project 247,630,763 (43,629) 247,587,134 0 4,206,047 277,157,630 33,776,543

International Development AssociationIDA 2004008 Second Urban Environmental Sanitation Pj 183,392,281 68,583 183,460,864 0 4,033,049 204,417,895 24,990,080

International Development AssociationIDA 2004009 Small Town Water SS & Sanitation Project 125,248,473 6,939,780 132,188,253 0 1,717,063 148,542,651 18,071,461

International Development AssociationIDA 2005008 First -Phase of Coastal Transmision Backbone Project121,916,084 0 121,916,084 0 1,392,549 137,257,833 16,734,298

International Development AssociationIDA 2005011 Third Poverty Reduction Support 390,267,000 0 390,267,000 0 4,460,859 439,253,424 53,447,283

International Development AssociationIDA 2005015 Economic Management Capacity Building Proj. 80,053,461 0 80,053,461 0 915,033 90,101,794 10,963,366

International Development AssociationIDA 2005016 Multi Sectoral HIV/AIDS Proj. 64,072,389 0 64,072,389 0 0 72,858,669 8,786,281

International Development AssociationIDA 2006003 Micro Small Scale and Medium Enterprise Project. 133,226,161 0 133,226,161 0 0 151,495,535 18,269,374

International Development AssociationIDA 2006011 4th Poverty Reduction Support Credit 451,449,000 0 451,449,000 0 0 513,356,440 61,907,440

68

9. EXTERNAL DEBT



International Development AssociationIDA 2006023 eGhana Project 122,455,268 0 122,455,268 2,217,284 0 141,433,341 16,760,790

International Development AssociationIDA 2007007 Fifth Poverty Reduction Support Credit 336,964,500 0 336,964,500 0 0 383,172,620 46,208,120

International Development AssociationIDA 2007015 Energy Development and Access Project 263,516,283 0 263,516,283 1,420,182 0 301,292,070 36,355,605

International Development AssociationIDA 2007016 Health Insurance Project 46,149,872 0 46,149,872 0 0 52,478,428 6,328,556

International Development AssociationIDA 2007017 Nutritution and Malaria Control for Child Survival Project75,678,873 0 75,678,873 0 0 86,056,756 10,377,884

International Development AssociationIDA 2007027 Urban Transport Project 92,289,195 0 92,289,195 21,173,018 0 125,206,064 11,743,851

International Development AssociationIDA 2007030 II Phase of the Coastal Transmission Backbone Pj. 135,685,262 0 135,685,262 0 0 154,291,854 18,606,592

International Development AssociationIDA 2007031 West Africa Agricultural Productivity Program(WAAP) Supp.Pj.46,714,013 0 46,714,013 0 0 53,119,930 6,405,917

International Development AssociationIDA 2008011 Additional Financing- Economic Management Capacity Building Proj.28,493,796 0 28,493,796 0 0 32,401,166 3,907,369

International Development AssociationIDA 2008014 Sixth Poverty Reduction Support Credit 281,808,000 0 281,808,000 0 0 320,452,480 38,644,480

International Development AssociationIDA 2008026 1st Agric. Development Policy Operation 73,233,000 0 73,233,000 0 0 83,275,480 10,042,480

International Development AssociationIDA 2008027 1st Nat.Resource&Env.Gov.Dev.Policy Operation 57,937,500 0 57,937,500 0 0 65,882,500 7,945,000

International Development AssociationIDA 2008036 West African Transport and Transit Facilitation Project205,138,828 0 205,138,828 4,780,519 0 238,000,193 28,080,846

International Development AssociationIDA 2009017 Economic Governance and Poverty Credit 898,263,000 0 898,263,000 0 0 1,021,442,280 123,179,280

International Development AssociationIDA 2009018 Transport Sector Project 393,039,127 0 393,039,127 49,184,449 0 497,915,374 55,691,797

International Development AssociationIDA 2009021 2ND NREG-WORLD BANK 31,518,000 0 31,518,000 0 0 35,840,080 4,322,080

International Development AssociationIDA 2010014 e-Ghana Project Additonal Financing 121,156,119 0 121,156,119 14,225,143 0 154,227,749 18,846,487

International Development AssociationIDA 2010015 2nd Agric Development Policy Operation 76,477,500 0 76,477,500 0 0 86,964,900 10,487,400

International Development AssociationIDA 2010016 Energy Developmenmt and Access Project Additonal 154,109,194 0 154,109,194 13,290,817 0 189,035,628 21,635,617

International Development AssociationIDA 2010017 3rd Nat. Resource and Environ. Gov. Develop. Policy 30,591,000 0 30,591,000 0 0 34,785,960 4,194,960

International Development AssociationIDA 2010018 Sustainable Water and Sanitation Project 159,855,817 0 159,855,817 49,980,704 0 235,389,006 25,552,485

International Development AssociationIDA 2010019 Social Opportunities Project 211,624,836 0 211,624,836 34,852,644 0 278,029,942 31,552,462

International Development AssociationIDA 2011005 Seventh Poverty Reduction Support Credit (PRSC-VII)653,535,000 0 653,535,000 0 0 743,154,600 89,619,600

International Development AssociationIDA 2010029 Abidjan-Lagos Transport Facilitation Project 215,685,208 0 215,685,208 115,373,042 0 365,897,763 34,839,513

International Development AssociationIDA 2011014 Oil And Gas Capacity Building Project 108,449,766 0 108,449,766 3,187,194 0 126,725,338 15,088,378

International Development AssociationIDA 2011015 Third Agriculture Development Policy Operation 166,860,000 0 166,860,000 0 0 189,741,600 22,881,600

International Development AssociationIDA 2011021 Local Government Capacity Support Project 184,305,720 0 184,305,720 56,965,204 0 270,683,699 29,412,775

International Development AssociationIDA 2011022 Ghana Skills and Technology Development Project 101,074,960 67,483 101,142,443 63,600,068 0 179,437,570 14,695,059

International Development AssociationIDA 2011026 Land Administration Project 2 74,494,486 0 74,494,486 14,577,758 0 99,555,723 10,483,479

International Development AssociationIDA 2012008 Inter-Zonal Transmission Hub Project of th e West African Power Pool (APL3) - Phase 4,946,956 0 4,946,956 0 0 5,625,335 678,379

International Development AssociationIDA 2012009 Regional Trade Facilitation Project-PhaseII 0 0 0 0 0 0 0

International Development AssociationIDA 2012010 Fourth Agriculture Development Policy Operation 149,710,500 0 149,710,500 0 0 170,240,380 20,529,880

International Development AssociationIDA 2012033 West Africa Regional Fisheries Program - Phase I 30,884,300 0 30,884,300 10,387,977 0 44,991,471 3,719,194

International Development AssociationIDA 2012017 Ghana Commercial Agriculture Project 80,162,402 0 80,162,402 13,428,956 0 105,559,759 11,968,400

International Development AssociationIDA 2012018 West Africa Productivity Program (WAAPP) - 2A 78,949,432 0 78,949,432 66,960,519 0 153,984,802 8,074,851

International Development AssociationIDA 2012024 Public Private Partnership Project 19,306,240 0 19,306,240 12,219,389 0 33,564,790 2,039,161

International Development AssociationIDA 2014006 Ghana Statistical Development Project 0 30,716,637 30,716,637 0 0 34,928,826 4,212,189

International Development AssociationIDA 2014009 Ghana Secondary Education Improvement Project 0 0 0 145,072,323 0 153,414,567 8,342,244

International Development AssociationIDA 2014010 eTransform Ghana Project 0 0 0 65,713,239 0 69,410,992 3,697,753

International Development AssociationIDA 2015015 Macro- economic stability for Competitiveness and Growth Dev't Policy Finance0 611,976,391 576,116,147 (35,860,244)

International Fund for Agric. DevelopmentIFAD 1980011 Volta Region Agric. Dev't Project 16,900,645 (599,617) 16,301,029 0 559,958 17,906,327 2,165,256

International Fund for Agric. DevelopmentIFAD 1987004 Small Holder Rehab. & Dev't Programme 10,679,167 (134,252) 10,544,915 0 579,375 11,451,814 1,486,274

International Fund for Agric. DevelopmentIFAD 1987005 Small Holder Rehab. & Dev't Programme 14,555,090 (169,258) 14,385,832 0 789,644 15,623,774 2,027,586

International Fund for Agric. DevelopmentIFAD 1990031 Smallholder Credt, Input SS & Mkting pro 30,059,489 (3,332,863) 26,726,627 0 1,655,565 28,783,705 3,712,643

International Fund for Agric. DevelopmentIFAD 1990032 Smallholder Credt, Input SS & Mkting Pro 12,940,855 (1,595,334) 11,345,521 0 549,192 12,385,671 1,589,342

International Fund for Agric. DevelopmentIFAD 1991001 U-E Reg. Land Consv. & Smallholder Proj 31,224,173 (3,493,420) 27,730,753 0 1,174,071 30,307,995 3,751,313

International Fund for Agric. DevelopmentIFAD 1994005 Rural Enterprises Project 19,046,131 (2,051,333) 16,994,798 0 668,309 18,657,306 2,330,817

International Fund for Agric. DevelopmentIFAD 1995022 Upper West Agricultural Development Pj. 25,529,111 (4,116,680) 21,412,431 0 1,124,638 23,174,837 2,887,043

International Fund for Agric. DevelopmentIFAD 1997024 Village Infrastructure Project 19,442,763 (247,044) 19,195,719 0 451,883 21,319,574 2,575,738

International Fund for Agric. DevelopmentIFAD 1998018 Root and Tuber Improvement Project 26,782,978 (3,539,564) 23,243,414 0 1,152,677 25,278,657 3,187,920

International Fund for Agric. DevelopmentIFAD 1999006 U-E Reg. Land Consv. & Smallholder Pj.2 33,492,766 (4,719,358) 28,773,408 0 1,339,503 31,380,242 3,946,338

International Fund for Agric. DevelopmentIFAD 2001017 Rural Financial Services Project 36,099,566 (3,830,800) 32,268,767 0 1,501,660 35,241,578 4,474,472

International Fund for Agric. DevelopmentIFAD 2003001 Northern Region Poverty Reduction Pj 36,326,812 (1,307,116) 35,019,696 0 1,558,181 38,315,084 4,853,569

International Fund for Agric. DevelopmentIFAD 2003002 Rural Enterprise Project Project II 35,351,615 (670,209) 34,681,406 0 1,556,536 37,931,995 4,807,125

International Fund for Agric. DevelopmentIFAD 2006008 Root and Tuber Improvement and Marketing Programme (RTIMP)41,902,927 0 41,902,927 1,721,692 1,146,409 48,314,106 5,835,896

International Fund for Agric. DevelopmentIFAD 2008029 Northern Rural Growth Programme 22,601,187 0 22,601,187 8,993,134 0 34,343,270 2,748,949

International Fund for Agric. DevelopmentIFAD 2009020 Rural and Agric. Finance Programme(RAFIP) 9,476,819 0 9,476,819 3,381,417 0 13,967,625 1,109,390

International Fund for Agric. DevelopmentIFAD 2010007 Rural and Agric. Finance Programme(RAFIP) 0 0 0 13,422,560 0 12,843,436 (579,124)

69

9. EXTERNAL DEBT



International Fund for Agric. DevelopmentIFAD 2011023 Rural Enterprises Programme (REP) 9,559,696 0 9,559,696 8,352,150 0 19,075,917 1,164,071

Nordic Development Fund NDF 1993034 Urban 11 Project 14,953,484 419,974 15,373,458 0 921,259 16,608,357 2,156,158

Nordic Development Fund NDF 1994030 National Electricfication Project 18,224,376 824,272 19,048,648 0 1,077,678 20,639,256 2,668,287

Nordic Development Fund NDF 1994031 Accra-Tema Water Supply Rehab Pj 16,359,260 10,104 16,369,363 0 914,652 17,747,094 2,292,383

Nordic Development Fund NDF 1996023 Urban Environment Sanitation Project 8,638,029 123,988 8,762,017 0 230,265 9,745,286 1,213,534

Nordic Development Fund NDF 1996024 Mining Sector Developmen & Env't Proj. 15,202,800 185,400 15,388,200 0 445,106 17,077,429 2,134,335

Nordic Development Fund NDF 1998021 Health Sector Support Proogramme 19,995,742 239,103 20,234,845 0 542,373 22,496,705 2,804,234

Nordic Development Fund NDF 2000021 Urban V Project 9,042,908 99,649 9,142,557 0 238,247 10,170,956 1,266,646

Nordic Development Fund NDF 2003010 Health Services Rehab. III Pj. NDF 29,397,667 (11,081,211) 18,316,456 7,619,028 315,669 27,147,883 1,528,067

Nordic Development Fund NDF 2004030 Urban Water Project 15,630,800 0 15,630,800 0 355,048 16,346,023 1,070,271

Nordic Development Fund NDF 2004031 Land Administration Project 26,634,362 271,779 26,906,141 0 617,337 28,132,683 1,843,878

Nordic Development Fund NDF 2004032 Urban Environment Sanitation Project II 26,180,977 810,047 26,991,025 0 594,691 28,239,803 1,843,470

Nigeria Trust Fund NTF 2004041 Nsawam Apedwa Road Pj. "NTF" 5,484,650 17,861 5,502,510 0 512,032 5,998,767 1,008,289

OPEC Fund for International DevelopmentOFID 1995011 Korle Lagoon Ecological Restoration Pj. 9,202,656 327,559 9,530,215 0 733,482 10,519,174 1,722,441

OPEC Fund for International DevelopmentOFID 1997005 Rural Health Services Project 9,422,515 (303,932) 9,118,583 0 701,759 10,064,871 1,648,046

OPEC Fund for International DevelopmentOFID 2000002 Achimota-Anyinam Road Rehab. Proj."USD" 9,305,818 0 9,305,818 0 1,005,106 9,965,736 1,665,025

OPEC Fund for International DevelopmentOFID 2000004 Poverty Reduction Project 4,577,603 57,782 4,635,384 0 524,855 4,957,968 847,439

OPEC Fund for International DevelopmentOFID 2001007 Korle Lagoon Ecological Restor. Pj II 8,394,825 0 8,394,825 0 962,425 8,967,160 1,534,760

OPEC Fund for International DevelopmentOFID 2002003 Enhanced HIPC Initiative Relief 12,694,661 0 12,694,661 0 979,624 14,006,846 2,291,809

OPEC Fund for International DevelopmentOFID 2002004 Aniyinam -Kumasi Road Rehab. USD 14,112,081 0 14,112,081 0 1,123,570 15,538,142 2,549,631

OPEC Fund for International DevelopmentOFID 2004025 Second Poverty Reduction Project 15,301,712 749,045 16,050,757 0 1,901,574 17,083,730 2,934,547

OPEC Fund for International DevelopmentOFID 2004026 Accra Tema Rail Rehabilitation Project 11,464,936 0 11,464,936 0 882,313 12,654,738 2,072,115

OPEC Fund for International DevelopmentOFID 2005021 Second Rural Health Services Project (OPEC) 19,034,881 906,532 19,941,414 0 2,093,121 21,438,787 3,590,494

OPEC Fund for International DevelopmentOFID 2007028 Primary Schools Project 13,871,625 96,347 13,967,972 1,154,225 2,080,181 15,457,807 2,415,790

OPEC Fund for International DevelopmentOFID 2009004 Cancer Diseases Hospitals Project 5,566,426 0 5,566,426 376,557 1,835,475 5,086,071 978,562

OPEC Fund for International DevelopmentOFID 2012023 Trauma and Acute Care Centre Project 0 256,808 256,808 575,376 0 903,519 71,335

OPEC Fund for International DevelopmentOFID 2013014 Integrated Rural Development Project 0 848,689 848,689 5,515,940 0 6,482,831 118,201

International Monetary Fund IMF 1000000 ECF Arrangements 2,040,234,300 (97,752,150) 1,942,482,150 0 0 2,208,855,754 266,373,604

TOTAL MULTI-LATERAL 14,338,213,766 840,746,186 15,178,959,952 1,724,601,488 149,163,537 18,876,776,064 2,122,378,161

BILATERAL CREDITORSAB Svensk Exportkredit ABEX 1998023 Second Bulk Supply Point For Accra City (11,429) 11,429 0 0 0 0 0

AB Svensk Exportkredit ABEX 2003018 SCADA Project 151,612 (151,612) 0 0 0 0 0

ABN Amro Bank N.V. ABN 2011008 Kumasi (Barekese) Water Works - Additional Works 33,866,735 (2) 33,866,733 0 8,977,908 26,993,200 2,104,375

ABSA Bank Ltd. ABSA 1996020 Supply of Goods from South Africa 9,166,881 (7,755,877) 1,411,004 0 2,507,897 (951,955) 144,937

Aufinanz Germany AUG 2000014 Modern & Expansion of GBC TVand FM Radio 4,659,551 (4,659,551) 0 0 0 0 0

Bank Austria AG BAAG 2000003 Sogakope District Hospital 28,868,110 (3,176,864) 25,691,246 0 5,799,434 25,447,944 5,556,132

Bank Austria AG BAAG 2001008 Begoro District Hospital - 60 Beds Proj. 49,392,583 (0) 49,392,583 0 5,746,619 46,658,312 3,012,347

Bank Austria AG BAAG 2008042 Turnkey Construction of Five (5) Polyclinics 23,134,561 1,777,027 24,911,588 0 3,540,930 22,944,220 1,573,563

Bank Austria AG BAAG 2009016 Supply & Installation of Steel Bridges in Wa 27,353,900 0 27,353,900 0 3,183,289 25,839,644 1,669,033

Bank Austria AG BAAG 2010022 Five Polyclinics Phase II 27,441,432 3,742,014 31,183,446 0 0 33,139,344 1,955,898

Bank Austria AG BAAG 2010025 Upgrading of Highway Infrastructure - Steel Bridges II 28,526,210 0 28,526,210 0 0 30,315,440 1,789,230

Bank Austria AG BAAG 2012002 Rehabilitation of the Adomi Bridge 35,098,725 0 35,098,725 13,978,619 0 51,050,996 1,973,652

Bank Austria AG BAAG 2012005 Improvement of Water Treatment plants(Five Towns) 31,025,835 (155,005) 30,870,830 0 0 32,807,120 1,936,290

Bank Austria AG BAAG 2012011 Rural Health Centers - Five Polyclinics Phase III 33,801,605 0 33,801,605 0 0 35,921,720 2,120,115

Bank Austria AG BAAG 2012015 Enhancement of Road Safety- Implementation of Photovoltaic-Based Street Lighting23,354,705 (5,982,817) 17,371,889 6,292,247 0 25,159,489 1,495,353

Bank Austria AG BAAG 2012016 Implementation of Pedestrian Bridges at Hazardous Road Locations in Ghana17,969,168 6,441,765 24,410,933 4,273,990 0 30,668,594 1,983,671

Government of Belgium BELG 2004021 Clinical Laboratory Improvement Project 5,177,703 0 5,177,703 0 82,537 5,419,923 324,758

Government of Belgium BELG 2006009 Elmina Fishing Harbour & Benya Lagoon Restor. Pj 0 18,632,698 18,632,698 0 0 19,801,384 1,168,686

Government of Belgium BELG 2006019 Koforidua Water Supply PJ Phase I 13,263,770 0 13,263,770 0 0 14,095,705 831,934

Government of Belgium BELG 2010033 Rehabilitation of Kpong Pumping Station 9,711,813 0 9,711,813 0 0 10,320,961 609,147

Mees Pierson NV BMH 2002009 Sekondi -Takoradi Water Supply Rehab. XEU 3,001 1,326,776 1,329,777 0 0 1,413,184 83,407

70

9. EXTERNAL DEBT



Mees Pierson NV BMH 2003017 Odaw Drainage Improvement Works 0 2,176,826 2,176,826 0 2,263,894 0 87,069

Mees Pierson NV BMH 2004010 Kwanyaku Water Trtment Plant Rehab & Exp 17,408,190 0 17,408,190 0 7,313,783 11,100,043 1,005,636

Mees Pierson NV BMH 2004016 Rehab of Sefwi-Wiawso Benkyema Junction Road PJ 31,418,081 (65,957) 31,352,124 0 7,323,264 25,204,828 1,175,967

Mees Pierson NV BMH 2004022 Sub-Transmission Imp. PJ. Accra- Kumasi 46,814,370 (0) 46,814,370 0 10,152,343 45,297,160 8,635,133

Mees Pierson NV BMH 2005014 Gushiegu District Hospital Project 11,534,820 (72,940) 11,461,880 0 4,244,805 8,017,693 800,618

Mees Pierson NV BMH 2006001 Baifikrom water supply project 19,231,292 (6,971) 19,224,321 0 4,923,640 15,329,994 1,029,314

Mees Pierson NV BMH 2006002 District Dental Facilities project 3,115,294 (0) 3,115,294 0 1,269,620 740,575 (1,105,099)

Mees Pierson NV BMH 2006017 Odaw Drainage Extension Project 4,905,967 (32) 4,905,936 0 3,425,263 1,737,916 257,243

Mees Pierson NV BMH 2007003 Barekese Water Supply Project 34,418,763 15,901,201 50,319,964 0 7,316,706 46,152,124 3,148,866

Mees Pierson NV BMH 2008003 Regional Street Lighting Project 35,223,961 3,960,012 39,183,974 0 6,956,172 34,670,150 2,442,349

Mees Pierson NV BMH 2008017 Winneba District Hospital Project 27,411,023 (2) 27,411,021 0 4,914,262 24,275,257 1,778,498

Mees Pierson NV BMH 2009001 Sub-Transmission Improvement Project Phase II 202,833,764 (3,924,348) 198,909,416 0 28,379,418 182,143,404 11,613,406

Mees Pierson NV BMH 2010003 Rehabilitation of Tamale Teaching Hospital 71,272,157 5,928,210 77,200,367 0 10,522,539 70,837,506 4,159,679

Banque National de Paris BNP 2009009 Supply & Installtion of Equipment (SHEP IV) 31,843,750 (1,522,908) 30,320,843 0 3,599,480 28,900,396 2,179,034

Banque National de Paris BNP 2010009 Ada Coastal Protection Works Project 208,545,682 9,475,026 218,020,708 0 33,622,197 197,702,883 13,304,372

Banque National de Paris BNP 2011002 Vessel Traffic Management Information System (VTMIS)52,712,417 16,403,302 69,115,719 0 2,842,664 70,512,784 4,239,729

Banque National de Paris BNP 2011019 Supply and Delivery of Various Types of Vechicles 153,625,966 (14,130,150) 139,495,816 0 39,216,738 109,693,269 9,414,191

Banque National de Paris BNP 2012019 Supply of Steel Bridges for the Enhancement of Rural Development on Selected Feeder Roads24,613,215 0 24,613,215 1,823,824 0 28,085,493 1,648,453

Banque National de Paris BNP 2012028 Construction of Kwame Nkrumah Circle Flyover 228,112,048 11,793,825 239,905,874 52,948,608 52,623,792 259,134,719 18,904,030

Cooperatieve Central Raifffeisen-Bank CCRB 2004024 Const. of Modula Steel Truss Bridges 4,551,321 (4,551,321) 0 0 4,986,512 (4,836,790) 149,723

Cooperatieve Central Raifffeisen-Bank CCRB 2004027 Const. & Delivery of Two Tugboats + Parts 1,361,891 0 1,361,891 0 0 1,447,312 85,421

Cooperatieve Central Raifffeisen-Bank CCRB 2012021 Ada Coastal Protection Works- Phase II 465,081,539 0 465,081,539 41,891,395 0 539,588,570 32,615,637

Commerzbank CMBK 2006004 Supply of 63 buses & spare parts project 11,678,175 1,950,906 13,629,081 0 3,925,861 10,345,663 642,444

Commerzbank CMBK 2006020 Supply & Inst. of Telecom System Pj 11,856,375 741,023 12,597,398 0 2,384,978 11,025,030 812,609

Commerzbank CMBK 2006037 Supply of 75 Jonckheere Buses &. Spare Parts 33,803,383 (0) 33,803,383 0 3,892,512 31,932,097 2,021,227

Commerzbank CMBK 2007033 Supply of 75 Jonckheere Buses and Spare Parts 35,681,349 (1,877,964) 33,803,384 0 3,892,513 31,932,099 2,021,227

Commerzbank CMBK 2008030 Supply of 150 Buses and Spare Parts 30,553,904 0 30,553,904 0 3,240,268 29,223,284 1,909,648

Commerzbank CMBK 2010020 Supply of 50 Jonckheere Bus 18,332,983 0 18,332,983 0 4,710,972 14,612,153 990,142

Commerzbank CMBK 2010030 Supply of 50 Jonckhere Buses 20,728,011 3,604,871 24,332,882 0 4,936,611 21,070,375 1,674,104

China International Water & Electric CorpCWE 2006028 Supply & Installation of Equipment SHEP 4 635,599,800 (101,118,150) 534,481,650 0 78,807,314 551,326,296 95,651,959

China International Water & Electric CorpCWE 2010026 NES - Upper West Regional Electrification Project 143,491,832 104,707,263 248,199,095 0 28,109,209 265,568,441 45,478,555

China International Water & Electric CorpCWE 2012004 Upper West Electrification Extension 322,405,647 0 322,405,647 0 0 381,280,508 58,874,861

Deutsche Bank Sociedad Anonima Espanola DESA 2011009 Supply of 2 C-295 Military Transport (26,328,447) 212,200,279 185,871,832 0 27,228,802 169,302,132 10,659,102

Deutsche Bank DBNY 2011012 Supply of Medical Equipment 742,666,770 (6) 742,666,764 0 65,898,938 814,935,228 138,167,401

Deutsche Bank DBNY 2013011 Construction of Tamale Airport 64,202,000 41,959,303 106,161,303 257,022,546 49,439,375 332,176,250 18,431,776

Deutsche Bank DBNY 2014004 Sovereign Bond 2024 - 2026 3,210,100,000 0 3,210,100,000 0 0 3,796,300,000 586,200,000

Deutsche Bank DBNY 2015009 Sovereign Bond 2028 - 2030 0 0 0 3,767,500,000 0 3,796,300,000 28,800,000

Deutsche Bank S.A. (Brazil) DBSA 2014005 Modernisation of Kumasi Central Market and Kejetia Interchange0 0 0 216,952,196 0 254,863,109 37,910,913

Deutsche Bank S.A. (Brazil) DBSA 2014008 Design and Construction of Kasoa Interchange 0 0 0 177,396,633 0 176,849,947 (546,686)

Export-Import Bank Of China EXIC 2007032 Bui Hydroelectric Dam Project 942,183,807 0 942,183,807 0 0 1,114,237,060 172,053,253

Export-Import Bank Of China EXIC 2010021 Kpong Water Supply Expansion Project 806,014,153 0 806,014,153 30,330,628 0 984,570,403 148,225,622

Export-Import Bank Of China EXIC 2011027 E-Government Platform Project 201,030,102 148,181,389 349,211,491 33,119,219 0 451,814,672 69,483,961

Export-Import Bank Of China EXIC 2012013 Legon ICT Project (Phase II) 90,500,744 0 90,500,744 0 0 107,027,188 16,526,444

Export-Import Bank Of China EXIC 2012031 Bui Dam Project - Additional Loan 241,890,860 0 241,890,860 0 0 286,062,824 44,171,964

Export-Import Bank Of China EXIC 2012032 Bui Dam Project - Additional Loan 244,631,896 0 244,631,896 0 0 289,304,404 44,672,508

Export-Import Bank Of China EXIC 2013012 Ghana Dedicated Security Information Syst em Phase II 104,251,607 0 104,251,607 104,160,674 0 243,273,780 34,861,4992,630,503,169 148,181,389 2,778,684,559 167,610,521 0 3,476,290,331 529,995,251

Export-Import Bank of India EXIM 2005010 Rural Electrification project - India 89,884,185 (25,654,426) 64,229,759 0 7,669,216 68,374,026 11,813,482

Export-Import Bank of India EXIM 2005012 Purchase of Goods form India 57,595,862 (31,340) 57,564,522 0 6,900,124 61,252,269 10,587,871

Export-Import Bank of India EXIM 2005025 Const. of Presidential Palace & Offices 70,628,794 (6,393,826) 64,234,968 0 7,644,297 68,405,189 11,814,519

Export-Import Bank of India EXIM 2008049 Supply of Goods from India 61,009,556 3,192,444 64,202,000 0 0 75,926,000 11,724,000

Export-Import Bank of India EXIM 2010032 Fish Harvesting and Waste Management Support Pj. 39,785,535 13,884,375 53,669,910 3,110,012 0 66,742,014 9,962,093

Export-Import Bank of U.S.A. EXUS 1999018 Keta Sea Defence Wall (10) 10 0 0 0 0 0

Export-Import Bank of U.S.A. EXUS 2007034 Supply of Equipment - BOST 219,143,691 1,053,511 220,197,202 0 38,105,182 224,681,525 42,589,505

Export-Import Bank of U.S.A. EXUS 2008032 Self Help Electrification (SHEP IV) - EXUS 641,937,201 1,619,925 643,557,125 75,249,421 95,828,985 738,290,655 115,313,093

Export-Import Bank of U.S.A. EXUS 2009019 Mampong Water Supply Project 44,327,155 (2,739,689) 41,587,466 0 3,651,810 45,433,121 7,497,465

Export-Import Bank of U.S.A. EXUS 2013003 Rehabilitation and Expansion of Ridge Hospital 6,998,434 0 6,998,434 59,308,527 0 69,888,399 3,581,438

Government of the Fed. Rep. of Germany FRG 2002041 DISTRICT TOWNS IV. 23,727,985 4,057 23,732,042 0 953,862 24,340,178 1,561,997

71

9. EXTERNAL DEBT



Government of the Fed. Rep. of Germany FRG 2003026 Rehab. of Sogakope Akatsi Road Project 43,249,053 (625,232) 42,623,821 0 1,709,753 43,719,222 2,805,154

Government of the Fed. Rep. of Germany FRG 2004017 Multi Donor Budget Support ---Germany 48,846,250 0 48,846,250 0 1,348,588 50,630,938 3,133,276

Government of the Fed. Rep. of Germany FRG 2004018 Land Administration Project 11,287,701 0 11,287,701 0 899,870 11,165,132 777,301

Government of the Fed. Rep. of Germany FRG 2006012 Promotion of Perennial Crops 19,845,014 0 19,845,014 0 0 21,089,740 1,244,725

Government of the Fed. Rep. of Germany FRG 2006015 Multi Donor Budgetry Support III - Germany 39,077,000 0 39,077,000 0 0 41,528,000 2,451,000

Government of the Fed. Rep. of Germany FRG 2006029 District Towns V 15,630,800 236,546 15,867,346 0 274,217 16,588,498 995,369

Government of the Fed. Rep. of Germany FRG 2007029 Multi Donor Budget Support IV 39,077,000 0 39,077,000 0 0 41,528,000 2,451,000

Government of the Fed. Rep. of Germany FRG 2008044 Poverty Focused Rural Transportation Programme 15,763,265 0 15,763,265 0 0 16,751,974 988,709

Government of the Fed. Rep. of Germany FRG 2008045 Multi Donor Budgetary Support ( V & VI) 179,753,418 0 179,753,418 0 0 191,027,969 11,274,551

Government of the Fed. Rep. of Germany FRG 2009024 District Development Facility Project 50,800,100 0 50,800,100 0 0 53,986,400 3,186,300

Government of the Fed. Rep. of Germany FRG 2010004 Outgrowers and Value Chain Fund 17,593,409 0 17,593,409 0 0 18,696,908 1,103,499

Government of the Fed. Rep. of Germany FRG 2010024 Supply of Ambulances and Spare Parts 17,975,420 (0) 17,975,420 0 6,023,853 12,735,253 783,687

Government of the Fed. Rep. of Germany FRG 2010028 Multi Donor Budget Support (VII-IX) 206,689,195 (42,886) 206,646,309 0 0 219,607,644 12,961,335

Government of the Fed. Rep. of Germany FRG 2015013 Multi Donor Budget Support (X-XI) 72,547,562 71,884,553 (663,009)

Government of France FRNG 2000027 Urban Roads - Takoradi & Tema XEU 29,297,553 (7,324,388) 21,973,165 0 2,615,371 20,756,776 1,398,982

Government of France FRNG 2000029 Small Outgrowers Phase II 5,092,088 368,111 5,460,200 0 747,131 5,061,480 348,411

Government of France FRNG 2001021 Urban Infrastructure of Sec. Towns Prog 6,469,230 55,606 6,524,836 0 1,397,651 5,550,861 423,677

Government of France FRNG 2001022 Drainage Improvement In Accra 413,833 12,342,032 12,755,865 0 1,175,512 12,389,768 809,415

Government of France FRNG 2001023 Village Water Supply Prog. In N.Ghana 4,757,524 5,878,298 10,635,822 0 2,836,050 8,489,403 689,630

Government of France FRNG 2001024 Construction of Rural Bridges - N. Ghana 1,421,172 24,807,096 26,228,268 0 3,779,268 24,124,117 1,675,117

Government of France FRNG 2005002 Impt. of Urban Roads & Wood Mkt. in Kumasi 0 89,739,075 89,739,075 0 4,794,881 90,610,923 5,666,729

Government of France FRNG 2005009 Community Based Rural Dev't Pj 39,077,000 0 39,077,000 0 2,093,025 39,451,600 2,467,625

Government of France FRNG 2006026 Multi Donor Budget Support - France 117,231,000 0 117,231,000 0 0 124,584,000 7,353,000

Government of France FRNG 2006027 Urban Development in Accra & Kumasi 97,692,500 0 97,692,500 0 0 103,820,000 6,127,500

Government of France FRNG 2006030 Perennial Crops 64,020,990 1,681,867 65,702,858 1,473,308 0 71,213,370 4,037,205

Government of France FRNG 2007014 Rice Sector Support Project 21,913,282 405,847 22,319,128 7,692,619 0 31,170,798 1,159,051

Government of France FRNG 2008001 Small Town Water Supply & Sanitation Project 65,845,812 56,023 65,901,835 33,591 0 70,064,425 4,128,999

Government of France FRNG 2008004 Urban Transportation Project (UTP) 44,777,253 0 44,777,253 23,145,705 0 71,560,515 3,637,557

Government of France FRNG 2008046 Natural Resource and Evironmental Gov. Programme 19,538,500 0 19,538,500 0 0 20,764,000 1,225,500

Government of France FRNG 2009023 District Development Facility Project 58,615,500 0 58,615,500 0 0 62,292,000 3,676,500

Government of France FRNG 2010002 Rehab of Awoshie-Pokuasi Road 81,084,978 5,486,635 86,571,613 11,417,003 0 103,504,463 5,515,847

Government of France FRNG 2011025 Ghana Urban Management Pilot Project 23,126,599 0 23,126,599 54,667,639 0 80,241,385 2,447,147

Government of France FRNG 2012029 Kpong Generation Station Retrofit Project 45,924,787 46,334,184 92,258,971 31,647,208 0 130,826,402 6,920,224

Government of France FRNG 2013002 District Development Facility Phase II 27,353,900 27,353,900 54,707,800 0 0 58,139,200 3,431,400

Government of the People's Rep. of ChinaGPRC 1998012 Purchase Of Goods From China 19,492,924 5,449,595 24,942,519 0 5,610,101 22,675,386 3,342,969

Government of the People's Rep. of ChinaGPRC 2003015 Construction of Ofankor-Nsawam Road 51,750,000 (51,750,000) 0 0 0 0 0

Government of the People's Rep. of ChinaGPRC 2006010 Ghana National Communication Infr. Backbone Phase I93,152,406 (0) 93,152,406 0 8,936,481 96,477,992 12,262,067

Government of the People's Rep. of ChinaGPRC 2007002 Ghana Dedicated Security Information System (Phase 1) Pj96,441,464 0 96,441,464 0 8,540,320 100,582,963 12,681,820

Government of the People's Rep. of ChinaGPRC 2008023 Bui Hydropower Dam Project 908,025,737 0 908,025,737 0 0 1,025,937,485 117,911,748

Government of the People's Rep. of ChinaGPRC 2008025 ICT - Enabled Distance Education Project 27,815,737 (959,163) 26,856,574 0 2,208,393 28,176,605 3,528,424

Government of the People's Rep. of ChinaGPRC 2012026 Cape Coast Kotokuraba Market Project 40,352,714 959,163 41,311,877 0 0 46,676,434 5,364,557

Government of the Republic of Korea GRK 1991010 Petroleum Products Storage Depots Proj. 0 8,679,707 8,679,707 0 0 8,679,707 0

Government of the Republic of Korea GRK 1996001 LPG Cylinder Manufacturing Plant Project 9,840,342 0 9,840,342 0 0 9,840,342 0

Government of the Republic of Korea GRK 2003007 Buipe-Bolga Petroleum Pipeline Pj. 52,021,946 1,443,569 53,465,516 0 7,684,020 50,575,488 4,793,993

Government of the Republic of Korea GRK 2012027 Wa Water Supply and Expansion Project 53,102,452 (27,803,082) 25,299,370 0 0 25,299,370 0

Government of India INDG 2012040 Komenda Sugar Factory 29,091,531 3,932,373 33,023,904 48,676,394 0 87,905,651 6,205,354

Internationale Nederlanden Bank ING 2002008 Weija Dam Remidial Works "XEU" (10) 10 0 0 0 0 0

Internationale Nederlanden Bank ING 2005005 Cape Coast Water Supply project 20,886,755 0 20,886,755 0 7,000,557 14,797,880 911,682

Internationale Nederlanden Bank ING 2006005 Delivery of 150 DAF city buses project 3,843,821 1,973,635 5,817,455 0 1,951,855 4,099,799 234,199

Internationale Nederlanden Bank ING 2006006 Tamale Water supply project. 33,009,523 (4,049,044) 28,960,479 0 8,948,996 21,979,630 1,968,146

Internationale Nederlanden Bank ING 2008007 Delivery of 150 DAF City Buses Project 15,512,694 3,890,401 19,403,095 0 8,343,699 12,351,270 1,291,874

Internationale Nederlanden Bank ING 2008008 ATMA Water Supply System (South of Kpong) 11,000,126 0 11,000,126 0 9,015,887 2,827,004 842,765

Internationale Nederlanden Bank ING 2008021 Kasoa Water Supply Interconnection Pj 11,481,396 0 11,481,396 0 1,085,235 10,976,972 580,810

Government of Italy ITG 2004001 Private Sector Dev. Fund 38,912,150 0 38,912,150 0 0 41,352,810 2,440,660

Government of Italy ITG 2008050 Ghana Private Sector Development Facility Phase II 0 39,077,000 39,077,000 0 0 41,528,000 2,451,000

KBC Bank n.v KBCB 2006007 Elmina Fishing Harbour & Benya Lagoon Restor. Pj 2,281,345 (2,281,345) 0 0 0 0 0

KBC Bank n.v KBCB 2006018 Koforidua Water Supply Project 25,625,060 556,269 26,181,329 0 4,268,877 23,546,417 1,633,966

72

9. EXTERNAL DEBT



KBC Bank n.v KBCB 2007009 Koforidua Water Supply Phase 2 20,294,560 (1,648,749) 18,645,811 0 3,545,872 15,769,465 669,526

KBC Bank n.v KBCB 2008022 New Tafo Water Supply Project 25,175,002 (1,441,317) 23,733,686 0 3,992,811 21,341,961 1,601,086

KBC Bank n.v KBCB 2008031 Clinical Laboratory Improvement Phase II Pj 2,122,242 (0) 2,122,242 0 2,175,818 (0) 53,576

KBC Bank n.v KBCB 2008043 Korley Lagoon Restoration project 192,570,765 0 192,570,765 0 30,455,082 169,868,328 7,752,645

KBC Bank n.v KBCB 2010012 Supply of Fire Tenders 27,915,611 0 27,915,611 0 5,759,870 23,368,676 1,212,936

KBC Bank n.v KBCB 2011003 Job 600 of Parliament House (ICT) 27,757,624 (0) 27,757,624 0 5,628,090 23,967,650 1,838,116

KBC Bank n.v KBCB 2011004 Supply of X-Ray Equipment for District Hospital 7,385,646 (0) 7,385,646 0 2,126,867 5,886,668 627,890

KBC Bank n.v KBCB 2011006 Essakyir Water Supply Project 40,811,144 (2,147,955) 38,663,189 0 4,592,568 36,522,874 2,452,254

KBC Bank n.v KBCB 2011011 Rehab of Kpong Pumping Water Station 12,264,185 (1,832,550) 10,431,635 0 3,397,887 7,190,949 157,200

KBC Bank n.v KBCB 2012012 Kpando-Kadjebi Sub-station Project 15,976,272 0 15,976,272 14,945,578 5,212,093 26,647,734 937,976

Kuwait Fund for Arab Economic Dev't. KFED 2000032 Korle Lagoon Ecological Restoration Pj.2 6,143,910 0 6,143,910 0 2,440,465 5,119,925 1,416,480

Kuwait Fund for Arab Economic Dev't. KFED 2001115 Kuwait Fund Debt Relief Loan 55,169,311 0 55,169,311 0 0 55,169,311 0

Kuwait Fund for Arab Economic Dev't. KFED 2003006 Aboadze-Volta Transmission Line Pj. 13,777,071 (2,051,910) 11,725,161 0 0 11,725,161 0

Midland Bank PLC MPLC 1999015 Phase II-K.I.A Rehab. Project 17,871,916 (17,871,916) 0 0 0 0 0

Nedcor Bank Limited NCBL 1997004 Self Help Electrification Pg.(Shep3)FCA 2,601,643 (492,500) 2,109,143 0 1,154,179 1,329,424 374,460

Belfius Bank NV/SA BBNV 2010031 Construction of Drinking Water Facility 11,614,904 22,272,740 33,887,644 0 5,532,814 30,472,670 2,117,840

Nordbanken International Division NORB 2012030 Rural Fiber Optic Backbone Link,Data Cent er Project 79,089,245 (9,773,471) 69,315,775 15,931,913 8,535,611 82,257,724 5,545,647

Samsung Corporation SAMG 1999034 TOR- Mordenization Project Phase II(RFCC) 25,239,411 (25,239,411) 0 0 0 0 0

Government of Saudi Arabia SARG 1985024 College of Science in Accra Project 63,239 0 63,239 0 0 63,239 0

Government of Saudi Arabia SARG 1987013 The Support of Economical Dev. Project 3,620,560 (226,285) 3,394,275 0 45,855 3,375,795 27,375

Government of Saudi Arabia SARG 1993017 Health Centres Project (530,130) 1,079,266 549,136 0 0 549,136 0

Government of Saudi Arabia SARG 2002037 NPC II - Saudi Resch of Principal Arrears 5,909,518 0 5,909,518 0 0 5,909,518 0

Government of Saudi Arabia SARG 2002038 NPC II - Saudi Resch of Interest Arrears 813,861 0 813,861 0 0 813,861 0

Government of Saudi Arabia SARG 2002039 NPC II - Saudi Resch of Principal (Current) 3,580,653 0 3,580,653 0 0 3,580,653 0

Government of Saudi Arabia SARG 2002040 NPC II - Saudi Resch of Interest (Current) 465,794 0 465,794 0 0 465,794 0

Government of Saudi Arabia SARG 2004015 Tetteh Quarshie Mamfe Road Project 4,769,444 5,213,244 9,982,688 0 1,690,474 8,931,116 638,902

Government of Saudi Arabia SARG 2008033 Rehabilitation & Expansion of Bolgatanga Regional Hospital Pj.530,865 0 530,865 2,492,026 0 3,022,890 (0)

Standard Chartered Bank. SCB 2000015 Phase II Korle Lagoon Ecological Res. Pj 23,852,065 (17,888,078) 5,963,987 0 7,066,406 1,531 1,103,950

Government of Spain SPAG 1999036 Rural Elect. By Half Tension Equipment 13,365,132 (1,215,012) 12,150,120 0 0 14,368,867 2,218,747

Government of Spain SPAG 2000011 Akwapim Ridge Water Supply System 13,831,083 (1,220,390) 12,610,693 0 480,930 14,432,464 2,302,701

Government of Spain SPAG 2001001 Supply of Firetrucks 14,484,598 (1,565,902) 12,918,695 0 462,354 14,814,829 2,358,488

Government of Spain SPAG 2002002 Six Towns Water Project-Eastern Region 16,635,793 5,680,394 22,316,187 0 1,717,042 24,680,694 4,081,549

Government of Spain SPAG 2003011 SS of Equip't for UDS & Polytechnics 26,603,184 0 26,603,184 0 0 31,461,221 4,858,038

Government of Spain SPAG 2004013 Medical Equipment Supply Cardio Cent. Korlebu/Kath (2,918,273) 29,179,843 26,261,570 0 3,196,727 27,606,043 4,541,201

Government of Spain SPAG 2004014 Supply Medical Equipment For Hospital Network 9,484,386 (1,442) 9,482,944 0 1,602,217 9,484,836 1,604,109

Government of Spain SPAG 2007021 Supply of Medical Equip for National Hospital Nk 39,077,000 0 39,077,000 0 4,190,333 36,913,778 2,027,111

Government of Spain SPAG 2007023 Supply of Refrigeration for Fishing Sector 24,462,948 0 24,462,948 2,178,575 2,927,614 25,030,576 1,316,666

Government of Spain SPAG 2008012 Supply of Border Surveillance Digital System Pj 4,168,990 0 4,168,990 0 0 4,430,478 261,489

Government of Spain SPAG 2008013 Supply of 26 Steel Bridges Project 19,538,500 0 19,538,500 0 0 20,764,000 1,225,500

Government of Spain SPAG 2008020 Supply of 26 Steel Bridges Project 3,907,700 0 3,907,700 0 0 4,152,800 245,100

Government of Spain SPAG 2011030 Irrigation and Underground Water Systems 6,376,097 0 6,376,097 5,535,865 0 12,445,668 533,707

Calyon Bank CCAB 2008038 Improvement of Electricity Supply, Accra & Kumasi 126,218,117 31,012,402 157,230,519 0 26,392,402 141,140,858 10,302,741

Societe Generale SOGE 2008034 Supply &. Installation of Modular Steel Bridges 51,063,301 9,169,032 60,232,333 0 21,272,582 50,879,572 11,919,822

Societe Generale SOGE 2009002 E - Government Project 54,170,438 0 54,170,438 0 13,555,125 49,826,438 9,211,125

Societe Generale SOGE 2009013 Construction of 132 megawatt Thermal Plant 413,023,547 38,173 413,061,720 0 61,867,490 427,045,536 75,851,307

Societe Generale SOGE 2010010 Supply of Fire Tenders 38,807,805 45,191,265 83,999,070 0 20,231,372 79,470,587 15,702,888

Societe Generale SOGE 2010011 Supply of Fire Tenders 2,794,979 (2,794,979) 0 0 0 0 0

Societe Generale SOGE 2010013 Dassault Falcon 900EX Aircraft 22,199,380 0 22,199,380 0 26,033,859 0 3,834,479

Societe Generale SOGE 2011010 Takoradi Thermal Power Project - Additional Loan 202,940,961 0 202,940,961 12,092,635 20,423,476 231,447,809 36,837,689

Societe Generale SOGE 2012034 Financing of the Tumu-Han-Wa Transmission Project172,747,289 0 172,747,289 0 0 183,582,399 10,835,110

Societe Generale SOGE 2012035 Financing of Sub-stations Reliability Enhancement Project (SREP)26,904,072 0 26,904,072 50,920,133 0 82,153,247 4,329,042

Societe Generale SOGE 2015007 Accra Ashaltic Overlay Project (Resurfacing of streets of Accra) 0 0 0 50,967,318 0 51,195,224 227,906

Bank Hapoalim BHI 2008009 ATMA Water Supply System (North of Kpong) 4,742,576 (0) 4,742,576 0 1,679,436 4,006,159 943,019

Bank Hapoalim BHI 2008010 ATMA Water Supply System (North of Kpong) 26,364,148 4,634,223 30,998,371 0 10,977,110 26,185,013 6,163,752

Bank Hapoalim BHI 2010001 3K Water Supply Project 327,685,567 17,976,610 345,662,177 0 51,899,438 359,698,054 65,935,314

Bank Hapoalim BHI 2011013 Legon University Hospital and Other Related Works 261,899,514 20,926,558 282,826,073 300,900,796 37,878,190 605,307,839 59,459,160

73

9. EXTERNAL DEBT



Bank Hapoalim BHI 2012001 3K Water Supply Project (Phase II) 61,273,916 165,880,808 227,154,724 110,623,432 38,841,813 347,094,939 48,158,596

Raiffeisen ZentralBank Osterreich AG RZB 2010008 Upgrading of Technical and Vocational Education Pj 29,288,212 0 29,288,212 0 0 31,125,236 1,837,025

Raiffeisen ZentralBank Osterreich AG RZB 2012006 Four Constituencies of Water Supply Scheme 31,463,699 3,197,600 34,661,299 0 0 36,835,336 2,174,037

Raiffeisen ZentralBank Osterreich AG RZB 2012039 Four Constituencies Water Project Phase 2 24,421,560 6,840,040 31,261,600 0 0 33,222,400 1,960,800

TOTAL BILATERAL LOANS 16,969,883,688 887,170,562 17,857,054,250 5,673,619,604 1,245,228,396 24,929,115,252 2,643,669,794

COMMERCIAL CREDITORSBarclays Bank Plc BBP 2012020 Construction of 7 District Hospitals and Pr ovision of Integrated IT Systems in Ghana 111,366,255 44,503,621 155,869,876 29,433,680 30,135,812 186,703,543 31,535,799

Banco do Brazil BADB 2011029 Construction of Hangar for Ghana Airforce 41,819,876 (470,686) 41,349,190 0 5,667,031 43,206,587 7,524,427

Banco Nacionale de Desenvolvimento Economico E SocialeBNDS 2013009 Buyer Credit Facility - Eastern Corridor Ro ad Pj 170,489,141 0 170,489,141 152,846,576 0 358,994,237 35,658,520

Citi Group Bank CITI 2007020 10-Year Debut Sovereign Bond 2017 1,702,990,151 0 1,702,990,151 0 0 2,013,975,113 310,984,962

Citi Group Bank CITI 2012007 Self Help - Electrification Programme 4 ( SHEP 4) 366,950,363 (82,400,186) 284,550,177 34,986,894 0 371,861,707 52,324,636

Citi Group Bank CITI 2013007 10-Yr Sovereign Bond 2023 3,210,100,000 0 3,210,100,000 0 0 3,796,300,000 586,200,000

Poly Technologies Inc. China PTIC 2008039 Purchase of Equipment 27,285,850 27,285,850 0 28,466,925 0 1,181,075

Poly Technologies Inc. China PTIC 2010027 Procurement of Goods for the GAF 158,739,445 0 158,739,445 0 65,668,473 121,747,341 28,676,369

Euroget de Invest S.A. EDI 2008037 2 Regional and 6 Districts Hospitals 301,823,963 847,806,854 1,149,630,816 0 151,341,901 1,213,525,254 215,236,338

Euroget de Invest S.A. EDI 2008040 500 Bed Military Hospital Pj In Kumasi 104,180,522 469,097,479 573,278,001 0 80,358,531 598,405,346 105,485,876

China Development Bank Corperation CDB 2011020 China Development Bank Master Faciliity Agreement (Tranche A)0 0 0 0 0 0 0

China Development Bank Corperation CDB 2011028 China Development Bank Master Faciliity Agreement (Tranche B)2,111,905,600 0 2,111,905,600 162,706,599 309,258,336 2,371,983,089 406,629,226

Industrial & Commercial Bank of ChinaICBC 2012003 Rural Electrification - Northern Region 54,526,498 0 54,526,498 39,637,129 0 111,217,736 17,054,110

Credit Suisse International CSI 2013001 OAS Construction of 5000 Affordable Hous e 642,020,000 0 642,020,000 0 125,120,214 621,226,532 104,326,746

Export Credit Bank of Turkey ECBT 2012014 Akim Oda, Akwatia and Winneba Water Su pply Project 75,517,954 0 75,517,954 187,212,619 0 265,638,452 2,907,878

HSBC Bank Plc HSBC 2012036 Redevelopment of Police Hospital 206,904,476 0 206,904,476 10,162,005 12,867,552 232,183,458 27,984,529

HSBC Bank Plc HSBC 2013004 Refurbishment and Expansion Project for Ridge Hospital, Accra160,721,714 69,970,871 230,692,584 11,535,395 60,439,500 214,749,033 32,960,553

Unicredit Bank AG Munich UNCM 2013010 Purchase and Installation of Equipment an d Machinery 92,436,513 0 92,436,513 0 19,711,069 76,279,907 3,554,463

Unicredit Bank of Austria UNCR 2013006 Supply of Two Ferries for Renovation of A domi Bridge 49,826,417 1,687,271 51,513,688 0 7,503,129 47,225,048 3,214,489

VTB Capital Plc, London VTB 2014007 United Nations Peacekeeping Operations 0 0 0 965,902,500 172,729,389 877,367,111 84,194,000

TOTAL COMMERCIAL LOANS 9,589,604,738 1,350,195,224 10,939,799,962 1,594,423,397 1,069,267,862 13,522,589,493 2,057,633,996

GRAND TOTAL 40,897,702,192 3,078,111,972 43,975,814,164 8,992,644,489 2,463,659,796 57,328,480,809 6,823,681,952

74

10 PROVISION FOR DOUBTFUL DEBTSCURRENT TOTAL

G E N E R A L GH¢ GH¢

1 Local Authorities

PUBLIC BOARDS AND CORPORATION1 Tema Shipyard and Drydock corporation 28,9152 State Farms Corporation 32,8863 Ghana Enterprise Development Commission 8834 Ghanaian Industrial Development Corporation 1,7465 State Hotels Corporation 46,0026 State Construction Corporation 275,6447 State Housing Corporation 254,7468 Food Production Corporation 112,3889 Aluminium Industries Commission 1,018

10 Gonja Development Corporation 21011 West African Airways Corporation 312 State Fishing Corporation 14,25313 Western Regional Development Corporation 11714 Brong Ahafo Regional Development Corporation 3,86615 Upper East Development Corporation 2,01116 State Oil Palm Plantation Corporation 2,50017 GIHOC - Tema Steelworks 77218 GIHOC - Farms 23319 GIHOC - Footwear 29,22820 GIHOC - Vegetable Oil Mills 9,63721 GIHOC - Fibre Bag 24322 GIHOC - Fibre Products 106,41823 GIHOC - Manufacturing Co. 6,18824 GIHOC - Mosquito Coil 3,53125 GIHOC - Marbles 8,92526 GIHOC - Meat (Tema & Bolga) 22,12827 GIHOC - Boatyards (Mumford) 1,88528 GIHOC - Boatyards (Tema) 24,63729 GIHOC - Cannery (Pawalugu) 4,09030 GIHOC - Refrigeration & Household Prod. 5,50531 GIHOC - Cannery (Wenchi) 3,63932 GIHOC - Cannery (Nsawam) 18,30133 GIHOC - Printing & Paper Prod. 2,47434 GIHOC - Nzema Oil Mills 10,20335 GIHOC - Central Advertising Co. 1,78036 GIHOC - Aboso Glass Factory 126,59137 GIHOC - Cannery 22,62538 GIHOC - Phamaceutical 101,59939 GIHOC - Distilleries 108,36940 GIHOC - Bottling 8,63641 Central Regional Development Corporation 125,04642 Ghana National Trading Corporation 58443 Meat Marketing Board 24,55144 State Shipping Corporation (BSL) 10845 Omnibus Services Authority 20,509,15146 Ghana Airways Corporation 23,553,43747 City Express Services 1,213,718

TOTAL 0.00 46,831,419.55

COMPANIES1 Ghana Sugar Estate Ltd 1,396,6242 Ghana Sugar Estate Ltd (Asutsuare) 44,4973 Ghana Sugar Estates (Komenda) 26,6344 African Timber & Plywood 52,4615 Willowbrook 9996 Prefab Concrete Products 6,068

75

10 PROVISION FOR DOUBTFUL DEBTSCURRENT TOTAL

G E N E R A L GH¢ GH¢7 Ejura Farms Ltd 118 Farmer John and Daughters 1169 Bremang Dredging Company 19

10 Amalgamated Banket Area Ltd 6011 Achimota Brewery Company 20012 Glisksten West Africa Ltd 67,23313 Promintex Ltd 1414 Ghana Rice Production Company 47015 Ghana Cargo Handling Company 3617 Seraphim Surgicals 102,39218 National Oil Palm Plantation Ltd 39,14319 Ghana Cold Store 12420 Ghana Commercial Farm 20021 Kul Industrial Alcohols Ltd. 23,00022 Prestea Goldfields Co. 149,06923 Kumasi Furniture & Joinery Co. Ltd 4,72924 National Industrial Company 2,50025 State Oil Palm Plantation 87,55826 Pomadze Poultry Enterprise 9,96227 Ghana Bottling Co. (Pepsi Cola) 16,10928 EHWIA Wood Products 10,741

TOTAL 2,040,969

MISCELLANEOUS1 Kumasi Traditional Council 802 Roof Loan Scheme 563 Hire Purchase Housing Scheme 1834 Ghana Gov't Mortgage Scheme 435 Co-operative Wholesale Establishment 16 Co-operative Investment Trust 227 Loot Victims (1948 Disturbances) 128 Trade Union Congress 109 Ghana Amateur Sports Council 1

10 Ghana Society for the Blind 211 Central Organisation of Sports 212 Achimota Council 513 Dr. T.A. Morten 1014 Housing Loan Board 2815 Armed Forces Housing Scheme 2716 Volta Regional Administration -1 8617 Volta Regional Administration -2 3018 Lower Volta Bridge 40019 External Promissory Notes 34020 Suppliers Credit 4,11021 Kumasi Sewerage Project 7022 Local Promissory Notes 9723 Ghana Aluminium Company 14924 Aluworks Ghana Ltd. 175,04625 KAK DEE 87026 Bank for Housing and Construction 50,00027 Ghana Publishing Corporation 310,56328 Volta Reg. Devt. Corporation 19,989,70629 Cummins Power Generation Ltd. 2,182,55730 Post and Telecommunication (Ghana Telecom) 5,108,18731 Oman Forfor Trading Co. Limited 791,84532 Ghana Oil Palm Devt Corp 22,708,35433 Foreign Mission Investment 2,958,236

0.00 54,281,125.61

GRAND TOTAL 0.00 103,153,807.95

76

ADDITIONAL INFORMATION

ITEM PAGE

TRENDS

Statement of Assets and Liabilities 78

Statement of Revenue and Expenditure 79

Charts For Five Year Revenue and Expenditure 80

SUPPLEMENTARY STATEMENTS

Classification Of Expenditure By Functions of Government 81

Charts For Expenditure By Functions of Government 84

Summary of Expenditure of MDAs by Items 85

Charts For Expenditure Summary by Item 87

Classification Of Expenditure By Cost Centre - COMPENSATION OF EMPLOYEES 88

Classification Of Expenditure By Cost Centre - GOODS AND SERVICES 97

Classification Of Expenditure By Cost Centre - SOCIAL BENEFITS 107

Classification Of Expenditure By Cost Centre - OTHER EXPENDITURE 110

Classification Of Expenditure By Cost Centre - NON - FINANCIAL ASSETS 113

Summary of Expenditure of MMDAs by Items 120

Reallocation Report From Centralised Vote 124

77

FIVE YEAR TREND ANALYSIS OF ASSETS AND LIABILITIES 2011 2012 2013 2014 2015GH¢ GH¢ GH¢ GH¢ GH¢

ASSETS:

CASH 370,894,796 (539,916,340) (2,369,830,097) (209,633,315) 2,402,753,386

ADVANCES:Staff 11,484,860 31,101,046 9,688,252 4,985,894 8,863,421Departmental Revolving Fund 990,852 990,852 990,852 990,852 990,852

LOANS: ReceivablesStatutory Boards And Corporations 571,160,745 591,766,814 643,504,348 645,215,222 694,616,851General 921,686 921,686 921,980 921,980 921,980Companies 623,205,678 624,505,652 633,303,735 664,670,502 692,712,530Miscellaneous 196,011,346 196,011,346 243,954,183 246,980,775 246,980,775Other Governments 8,482,555 8,482,555 8,482,555 8,482,555 8,482,555

INVESTMENTS:Trust Funds 1,825,604 2,214,236 5,172,472 6,985,408 7,540,675International Agencies 4,983,761 4,983,761 4,983,761 99,074,289 4,983,761Local 1,737,809,427 1,802,678,563 1,812,678,563 1,833,946,418 2,022,522,292

Property, Plant & Equipment 0 1,014,403,540 2,647,666,241 3,633,213,945 4,477,564,167

Work-In-Progress 0 152,440,483 910,798,211 1,353,179,741 1,611,266,146

Prepayment 0 13,653,376 15,294,756 0 980,3593,527,771,311 3,904,237,572 3,573,759,208 8,289,014,264 12,181,179,750

LIABILITIES:

LOANS:Domestic 11,983,311,421 16,906,886,161 25,410,640,350 33,097,077,375 38,489,730,105Foreign 11,982,416,915 16,149,818,821 25,349,239,002 40,897,702,192 57,328,480,809

TRUST FUNDS 1,121,857,923 1,857,129,451 2,206,843,682 1,317,440,160 1,970,916,298

Accounts Payables 590,416,136 580,680,967 584,985,479 919,166,885

ACCUMULATED FUND (21,559,814,949) (31,547,226,573) (36,679,343,796) (47,868,612,181) (71,134,837,775) Surplus/(Deficit) (12,403,604,204) (19,835,987,011) (14,855,390,181) Other Reserves

3,527,771,310 3,957,023,996 4,464,456,002 8,192,606,014 12,718,066,141

78

FIVE YEAR TREND ANALYSIS OF REVENUE AND EXPENDITURE

REVENUE: 2011 % 2012 % 2013 % 2014 2015

Direct Taxes 3,738,761,323 36 5,408,491,338 41 5,136,451,308 48 7,024,573,751 40 7,722,068,381

Indirect Taxes 3,485,971,516 35 4,140,962,193 39 5,444,605,856 37 7,236,689,757 41 10,235,812,934

Non - Tax Revenue 693,983,781 13 904,706,594 8 1,290,799,132 8 2,451,902,748 14 2,908,118,606

Grant 1,092,102,947 22 866,533,068 12 784,080,081 8 995,626,782 6 2,852,768,040

Total 9,010,819,567 100 11,320,693,194 100 12,655,936,377 100 17,708,793,039 100 23,718,767,962

EXPENDITURE:

COMPENSATION OF EMPLOYEES 5,917,303,897 43 10,499,997,913 64 11,064,978,705 59 12,034,478,346 32 13,015,237,357

GOODS AND SERVICES 3,346,804,140 21 5,885,259,064 36 7,625,499,215 41 15,391,085,084 41 18,735,238,796

EXCHANGE DIFFERENCE 10,119,216,620 27 5,965,530,539

NON-FINANCIAL ASSETS Expense 4,482,960,519 33 - - - - - - -

NON-FINANCIAL ASSETS 409,828,323 - 1,461,390,362

Total 13,747,068,557 100 16,385,256,978 100 18,690,477,920 100 37,544,780,050 100 37,716,006,692

SURPLUS/(DEFICIT) (4,736,248,990) (5,064,563,783) (6,034,541,543) (9,716,770,391) (13,997,238,731)

79

CHARTS

A GRAPH SHOWING THE FIVE YEAR TREND OF REVENUE AND EXPENDITURE

YEAR

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2012

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2014

2015

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25.00

2009 2010 2011 2012 2013 2014 2015 2016

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80

11a. CLASSIFICATION OF EXPENDITURE FOR THE YEAR 2015

BY FUNCTION OF GOVERNMENTANNUAL REVISED ACTUAL VARIANCE

BUDGET BUDGET

MDAs GH¢ GH¢ GH¢ GH¢

DEFENCE

Defence N.E.C 23,788,599 633,788,599 630,057,126 3,731,474

Military Defence 769,976,112 159,976,112 77,773,655 82,202,457

TOTAL 793,764,711 793,764,711 707,830,781 85,933,930

ECONOMIC AFFAIRS

Agriculture 549,989,934 146,397,989 131,441,339 14,956,650

Communication 182,419,821 182,419,821 52,184,560 130,235,261

Construction 34,766,699 359,581,073 354,518,139 5,062,934

Distributive trades, storage and warehousing 66,742,329 66,742,329 0 66,742,329

Economic Affairs N.E.C 37,998,353 37,998,353 16,786,652 21,211,702

Electricity 754,186,962 275,716,016 130,324,035 145,391,982

Fishing and Hunting 61,777,563 31,839,579 26,269,612 5,569,967

Forestry 11,684,704 49,684,704 47,097,514 2,587,190

General Economic and Commercial 219,673,807 219,673,807 46,520,888 173,152,918

General Labor Affairs 9,995,964 32,995,964 31,696,340 1,299,623

Manufacturing 20,080,242 20,080,242 8,396,778 11,683,465

Mining of Mineral Resources other than mineral fuels49,884,489 14,884,489 13,499,734 1,384,755

Multipurpose Development projects 1,372,734 1,372,734 671,148 701,586

Nuclear fuels 12,751,983 12,751,983 102,746 12,649,237

Other Fuels 420,266 420,266 159,468 260,797

Petroleum and Natural Gas 42,906,098 903,357,916 902,190,137 1,167,779

R&D Agriculture, Forestry, Fishing and hunting 77,783,555 22,783,555 467,613 22,315,942

R&D Mining Manufacturing and construction 45,601,912 45,601,912 17,994,837 27,607,075

Railway Transport 200,063,333 79,515,489 66,077,841 13,437,648

Road Transport 1,441,894,440 587,374,717 576,940,340 10,434,377

Tourism 12,141,240 12,141,240 5,732,460 6,408,780Water Transport 0 55,000,000 49,750,433 5,249,567

TOTAL 3,834,136,427 3,158,334,178 2,478,822,613 679,511,564EDUCATION

Education N.E.C 860,528,823 4,720,972,224 4,711,861,617 9,110,607

Education not definable by Level 221,882,321 216,510,669 55,671,935 160,838,734

Lower-Secondary Education 1,304,555,415 4,555,415 5,637 4,549,777

Post-Secondary Nontertiary Education 102,235,583 402,235,583 317,936,902 84,298,681

Pre-primary Education 322,338,300 322,338,300 452 322,337,848

Primary Education 1,010,638,890 30,575,416 29,830,081 745,336

Subsidiary services to Education 850,793,972 5,094,817 5,028,888 65,929

Upper-Secondary Education 1,171,415,294 154,798,716 153,817,604 981,112

Tertiary Education 1,549,541,944 1,325,462,756 619,075,056 706,387,701

TOTAL 7,393,930,541 7,182,543,896 5,893,228,171 1,289,315,725

81



BUDGET BUDGET


ENVIRONMENTAL PROTECTION

Environmental Protection N.E.C 91,456,151 84,456,151 26,186,475 58,269,677

Protection of Biodiversity and Landscape 4,469,000 4,469,000 157,180 4,311,820

R&D Environment Protection 0 7,000,000 5,822,534 1,177,466

Waste Water Management 48,261,016 32,502,662 20,375,113 12,127,549

TOTAL 144,186,167 128,427,814 52,541,302 75,886,511

GENERAL PUBLIC SERVICES

Basic Research 7,747,442 7,747,442 2,825,196 4,922,246

Economic Aid to Develop Countries and Countries in Transition19,536,233 19,536,233 858,884 18,677,349

Executive and Legislative Organs 715,657,879 1,055,657,879 1,020,147,689 35,510,191

External affairs 275,853,436 275,853,436 186,396,718 89,456,719Financial and fiscal Affairs 4,192,670,203 10,990,738,995 3,030,318,509 7,960,420,487General Personnel Services 367,450,949 367,450,949 290,398,436 77,052,513General Public Services N.E.C. 69,660,522 69,660,522 50,019,446 19,641,076Other General Services 19,589,323 19,589,323 7,470,771 12,118,552Overall Planning and Statistical Services 35,498,851 50,498,851 23,734,031 26,764,819Public Debt Transaction-External 12,376,403,500 4,794,053,851 1,616,611,095 3,177,442,756Public Debt Transactions 7,000,000,000 9,000,000,000 7,231,225,971 1,768,774,029R & D General Public Services 8,356,864 8,356,864 1,153,356 7,203,508Unspecified 72,279,779 252,279,779 234,279,009 18,000,770TOTAL 25,160,704,981 26,911,424,125 13,695,439,109 13,215,985,015HEALTHGeneral Hospital Services 1,485,173,769 1,395,173,769 242,656,930 1,152,516,839General Medical Services 80,635,582 80,635,582 0 80,635,582Health N.E.C 2,389,693,868 2,356,383,648 1,622,065,588 734,318,060Public health Services 285,922,878 270,922,878 11,816,695 259,106,182R & D Health 14,935,158 104,935,158 99,919,957 5,015,201Specialised Medical Services 37,094,793 52,094,793 48,846,220 3,248,573TOTAL 4,293,456,048 4,260,145,829 2,025,305,392 2,234,840,437

HOUSING & COMMUNITY AMENITIES

Community Development 8,869,299 23,833,872 20,755,786 3,078,086

Housing and Development 224,042,215 99,851,547 80,122,476 19,729,070

R&D Housing and Community Amenities 7,072,173 7,072,173 5,828 7,066,345

Water Supply 247,737,833 70,145,048 5,397,204 64,747,844

TOTAL 487,721,520 200,902,640 106,281,295 94,621,345

PUBLIC ORDER & SAFETY

Fire Protection Services 168,503,919 308,503,919 305,132,856 3,371,063

Law Courts 224,006,126 157,006,126 156,800,914 205,212

Prisons 4,921,033 30,921,033 30,838,330 82,703

Public Order and Safety N. E. C 0 346,000,000 345,546,532 453,468

Public order and safety n.e.c (CS) 387,180,842 63,180,842 62,204,939 975,903

Public Services 825,535,368 853,535,368 851,557,129 1,978,239

TOTAL 1,610,147,288 1,759,147,288 1,752,080,700 7,066,588

82



BUDGET BUDGET


RECREATION, CULTURE, AND RELIGION

Broadcasting and Publishing Services 96,069,444 96,069,444 2,819,510 93,249,934

Cultural Services 49,110,356 49,110,356 40,338,024 8,772,332

Recreational and Sporting Services 23,991,136 23,991,136 20,693,530 3,297,606

TOTAL 169,170,936 169,170,936 63,851,065 105,319,872

SOCIAL PROTECTION

Disability 862,626 862,626 274,664 587,963

Family and Children 46,023,848 18,023,848 17,305,815 718,032

R&D Social Protection 10,270,220 770,220 707,178 63,042

Social Protection N.E.C. 63,019,724 107,519,724 107,460,662 59,063

Unemployment 13,871,880 6,871,880 5,899,423 972,457

TOTAL 134,048,299 134,048,299 131,647,741 2,400,557

Grand Total 44,021,266,919 44,697,909,716 26,907,028,170 17,790,881,546

83

COFOG

DEFENCE

ECONOMIC

EDUCATION

HEALTH

RECREATION

SOCIAL

TOTAL

-

5.00

10.00

15.00

20.00

25.00

30.00

EXPENDITURE BY FUNCTION OF GOVERNMENT

ACTUAL

BUDGET

82

11b. SUMMARY CLASSIFICATION OF EXPENDITURE BY MDA FOR THE YEAR 2015COMPENSATION INTEREST NON OTHER SOCIAL GOODS AND GOVERNMENT GRAND

FINANCIAL ASSETS EXPENDITURE BENEFITS SERVICES SUBSIDY TOTAL

MDA GH¢ GH¢ GH¢ GH¢ GH¢ GH¢ GH¢ GH¢

Audit Service(AS) 107,454,097 0 0 0 0 9,885,392 0 117,339,489

CHRAJ (CHRAJ) 13,643,504 0 482,419 1,200 16,177 1,189,894 0 15,333,194

District Assembly Common Fund(DACF) 353,502 0 0 0 0 0 0 353,502

Electoral Commission 24,458,058 0 0 0 0 190,638,999 0 215,097,057

Judicial Service (JS) 121,422,167 0 9,906,991 0 2,128,837 8,009,725 0 141,467,720

Ministry of Communications (MoC) 60,634,930 0 0 0 0 6,113,039 0 66,747,969

Ministry of Chieftaincy (MCTA) 20,634,549 0 58,465 0 0 415,810 0 21,108,824

Ministry of Defence (MoD) 672,507,219 0 0 383,126 301,349 34,639,088 0 707,830,781

Ministry of Education (MOE) 5,530,646,389 0 47,930,396 158,204 66,790 92,332,482 69,241,068 5,740,375,328

Ministry of Employment (MELR) 40,800,399 0 279,834 0 2,986,860 13,818,017 0 57,885,111

Ministry of Energy and Petroleum(MENP) 3,511,716 0 211,884,124 0 0 3,961,362 793,236,342 1,012,593,545

Ministry of Environment Science,(MESTI) 144,082,296 0 1,198,758 1,214,019 827,528 27,175,577 0 174,498,179

Ministry of Finance (MoF) 155,194,169 392,994,091 405,770,897 121,182,551 175,957 419,250,754 0 1,494,568,419

Ministry of Fisheries(MFAD) 25,972,542 0 1,782,808 0 0 418,838 0 28,174,188

Ministry of Food and Agriculture (MOFA) 39,615,301 0 41,128,399 0 0 16,841,645 30,780,755 128,366,100

Ministry of Foreign Affairs (MFARI) 170,254,432 0 3,008,702 27,813,338 0 10,628,062 0 211,704,534

Ministry of Gender, Children & Social(MGCSP) 18,636,195 0 0 36,000,000 0 1,692,086 0 56,328,281

Ministry of Health (MoH) 2,031,551,261 0 11,249,564 0 0 177,638,888 0 2,220,439,714

Ministry of Interior (MINT) 1,178,527,756 0 4,419,898 0 6,598,257 210,064,805 0 1,399,610,716

Ministry of Justice (MoJ) 61,123,559 0 211,071 0 0 3,567,802 0 64,902,432

Ministry of Lands and Natural(MLNR) 83,784,577 0 9,554,828 55,298 31,401 41,497,712 0 134,923,816

Ministry of Local Govt and Rural(MLGRD) 350,412,349 0 1,763,657 0 0 137,241,717 0 489,417,723

Ministry of Power 0 0 0 0 0 3,208,028 0 3,208,028

Ministry of Roads and Highways 32,083,543 0 394,352,657 0 14,376 141,209 0 426,591,785

Ministry of Tourism, Culture (MTCCA) 18,591,078 0 67,972 0 0 660,534 0 19,319,583

Ministry of Trade and Industry (MoTI) 27,547,900 0 1,990,578 0 868,634 3,191,434 0 33,598,545

Ministry of Transport (MRT) 26,381,983 0 137,113,962 1,817,876 33,743 27,136,056 0 192,483,621

Ministry of Water Resources,(MWRWH) 19,302,310 0 92,729,756 184,906 0 2,253,484 0 114,470,457

Ministry of Youth and Sports (MoYS) 10,718,121 0 0 0 0 16,505,780 0 27,223,901

85

11b. SUMMARY CLASSIFICATION OF EXPENDITURE BY MDA FOR THE YEAR 2015COMPENSATION INTEREST NON OTHER SOCIAL GOODS AND GOVERNMENT GRAND

FINANCIAL ASSETS EXPENDITURE BENEFITS SERVICES SUBSIDY TOTAL

MDA GH¢ GH¢ GH¢ GH¢ GH¢ GH¢ GH¢ GH¢

MMDA 8,044,362 130,540 3,298,845 898,845 0 4,678,775 0 17,051,367

National Commission for Civic(NCCE) 27,827,319 0 624,439 0 10,784 828,801 0 29,291,343

National Development Planning(NDPC) 1,955,924 0 7,300 0 15,235 1,116,190 0 3,094,649

National Media Commission 768,509 0 595,000 0 22,807 323,691 0 1,710,006

Nationl Labour Commission (NLC) 899,871 0 609,516 29,954 21,600 565,861 0 2,126,802

Office of Government Machinery (OGM) 245,204,915 0 75,118,357 339,163,436 13,400 140,066,329 0 799,566,436

Office Of Head of Civil Service (OHCS) 4,747,011 0 380,546 0 0 1,722,089 0 6,849,646

Other Governement Obligation (OGO) 1,467,188,048 8,691,386,304 0 0 0 168,487,962 0 10,327,062,314

Parliament of Ghana 119,648,085 0 12,549,263 147,728 15,042 24,876,883 0 157,237,001

Public Services Commission 1,934,146 0 151,633 0 0 7,187,667 0 9,273,446

Virtual Ministries for Centralised Transactions 147,173,267 0 4,427,130 0 0 86,202,220 0 237,802,618

Grand Total 13,015,237,357 9,084,510,936 1,474,647,766 529,050,482 14,148,777 1,896,174,688 893,258,165 26,907,028,170

86

A LINE GRAPH SHOWING EXPENDITURE BY MDAs

MDAs

0.00

200.00

400.00

600.00

800.00

1,000.00

1,200.00

87

11c. CLASSIFICATION OF EXPENDITUREBY COST CENTRES- COMPENSATION


BUDGET BUDGET


Audit Service(AS)

Direct Audit 4,212,476 4,212,476 3,970,129 242,347

Central Gov't Audit Dept. 15,205,539 15,205,539 2,262,860 12,942,679

Finance and Administration 25,373,864 25,373,864 92,166,266 (66,792,402)

Other Governement Obligation-Non Road Arrears 0 0 1,773,820 (1,773,820)

Performance & Special Audit 4,562,956 4,562,956 1,361,388 3,201,568

Regional, District Audits & EIDA 56,128,341 56,128,341 5,919,634 50,208,707

TOTAL 105,483,176 105,483,176 107,454,097 (1,970,921)

CHRAJ (CHRAJ)

Anti Corruption Departmen 12,954,458 12,954,458 13,643,504 (689,046)

TOTAL 12,954,458 12,954,458 13,643,504 (689,046)

District Assembly Common Fund(DACF)

Gen. Admin 222,850 222,850 353,502 (130,652)

TOTAL 222,850 222,850 353,502 (130,652)

Electoral Commission

Headquarters 18,476,918 18,476,918 24,458,058 (5,981,140)

TOTAL 18,476,918 18,476,918 24,458,058 (5,981,140)

Judicial Service (JS)

Gen. Admin 132,432,924 132,432,924 121,422,167 11,010,757

TOTAL 132,432,924 132,432,924 121,422,167 11,010,757

Ministry of Communications (MoC)

India Kofi Annan Centre of Excellence in IC 1,361,351 1,361,351 989,461 371,890

Gen. Admin 2,124,513 2,124,513 1,989,285 135,228

Ghana Broadcasting Corporation 32,118,331 32,118,331 31,823,997 294,334

Ghana Meteorological Agency 8,624,987 8,624,987 8,696,854 (71,867)

Human Resource 199,080 199,080 0 199,080

Information Service Department 19,209,593 19,209,593 16,640,602 2,568,991

Internal Audit 35,363 35,363 0 35,363

National Information Technology Agency 388,957 388,957 172,874 216,083

Other Governement Obligation-Non Road Arrears 0 0 189,509 (189,509)

Poastal & Courier Services Regulatory Commission 265,198 265,198 132,347 132,851

PPME 171,346 171,346 0 171,346

Research 184,863 184,863 0 184,863

TOTAL 64,683,582 64,683,582 60,634,930 4,048,652

Ministry of Chieftaincy and Traditional (MCTA)

Gen. Admin HQ 11,341,812 11,341,812 16,277,445 (4,935,633)

National House of Chiefs 6,784,548 6,784,548 4,357,104 2,427,444

TOTAL 18,126,360 18,126,360 20,634,549 (2,508,189)

88



BUDGET BUDGET


Ministry of Defence (MoD)

Gen. Admin 3,208,915 3,208,915 535,836,831 (532,627,917)Ghana Armed Forces 611,722,931 611,722,931 40,658,997 571,063,934Other Governement Obligation-Non Road Arrears 0 0 4,677,731 (4,677,731)

Veterans Association of Ghana 0 0 91,333,660 (91,333,660)

TOTAL 614,931,845 614,931,845 672,507,219 (57,575,374)

Ministry of Education (MOE)

Centre for National Distance Learning and Open Schooling (CENDLOS)223,180 223,180 116,171 107,009

Council for Technical & Vocational Education & Training612,802 612,802 419,402 193,400

Gen. Admin 3,246,042 3,246,042 21,010,252 (17,764,210)

Ghana Book Development Council 225,223 225,223 136,547 88,676

Ghana Education Service (GES) 36,130,021 36,130,021 4,546,183 31,583,838

Ghana Library Board 5,941,141 5,941,141 4,825,044 1,116,098

Ghana National Commission for UNESCO 292,090 292,090 0 292,090

Institutions For The Handicapped 16,321,880 16,321,880 0 16,321,880

National Council for Curriculum and Assessment 112,817 112,817 0 112,817

National Inspectorate Board 429,778 429,778 1,372,729 (942,951)

National Service Secretariat 340,935,423 340,935,423 277,191,388 63,744,035

National Teaching Council 119,318 119,318 0 119,318

Non Formal Education 30,287,588 30,287,588 14,109,971 16,177,617


Regional/District/School Services 3,496,125,616 3,496,125,616 4,391,291,708 (895,166,092)

Tertiary 964,632,691 964,632,691 792,880,889 171,751,802

WAEC (INTERNATIONAL) 11,974,480 11,974,480 8,980,860 2,993,620

WAEC (National) 6,756,765 6,756,765 7,328,098 (571,333)

TOTAL 4,914,366,857 4,914,366,857 5,530,646,389 (616,279,532)

Ministry of Employment and Labour(MELR)

Dept. of Co-operatives 3,687,634 3,687,634 3,618,648 68,986

Dept. of Factories Inspectorate 998,545 998,545 0 998,545

Dept. of Factories Inspectorate 0 0 974,117 (974,117)

Fair Wages and Salaries Commission 1,630,367 1,630,367 1,462,606 167,761

Ghana Cooperative Council 128,604 128,604 0 128,604

Headquarters 1,101,780 1,101,780 1,160,967 (59,187)

Integrated Cummunity Centeres For Employable Skill4,396,594 4,396,594 4,616,366 (219,771)

Labour Department 3,319,612 3,319,612 3,350,809 (31,196)

Management Development & Productivity Institute (M1,594,450 1,594,450 1,231,538 362,912

National Pension & Regulatory Authority 3,645,469 3,645,469 1,437,510 2,207,959

National Vocational Training Institute (NVTI) 8,604,182 8,604,182 9,751,019 (1,146,837)

Opportunity Industrialisation center 1,027,264 1,027,264 946,385 80,880

Organisation of African Trade Unioin Unity 107,691 107,691 149,041 (41,350)

Youth Employment Authority 0 0 12,101,393 (12,101,393)

TOTAL 30,242,193 30,242,193 40,800,399 (10,558,207)

89



BUDGET BUDGET


Ministry of Energy and Petroleum (MENP)

Energy Commision 2,501,901 2,501,901 1,635,402 866,499

Headquarters. 1,462,189 1,462,189 1,876,314 (414,125)

Petroleum Commission 6,366,007 6,366,007 0 6,366,007

TOTAL 10,330,097 10,330,097 3,511,716 6,818,381

Ministry of Environment Science,(MESTI)

Council for Scientific and Industrial Research (C.Roots and Tuber Project1,890,494 1,890,494 0 1,890,494

Council for Scientific and Industrial Research (C. 88,228,507 88,228,507 86,244,012 1,984,494

Environmental Protection Agency 5,390,000 5,390,000 5,787,980 (397,980)

Ghana Atomic Energy Commission (G.A.E.C) 28,427,131 28,427,131 34,393,766 (5,966,635)

Headquaters 1,202,000 1,202,000 1,206,828 (4,828)


School of Nuclear and Allied Sciences 2,521,869 2,521,869 0 2,521,869

Town and Country Planning Department (T.C.P.D)12,340,000 12,340,000 7,584,470 4,755,530TOTAL 140,000,000 140,000,000 144,082,296 (4,082,296)Ministry of Finance (MoF)Controller and Acct. General's Dept. 109,329,341 109,329,341 80,460,333 28,869,007Finance Headquarters 15,105,661 15,105,661 12,932,781 2,172,880Financial Intelligence Centre 2,262,634 2,262,634 2,262,084 550Ghana Revenue Authority 389,455,825 389,455,825 0 389,455,825Institute of Accountancy Training 562,268 562,268 252,194 310,074Other Governement Obligation-Non Road Arrears 0 0 47,597,764 (47,597,764)Public Procurement Authority 2,229,268 2,229,268 1,994,729 234,539Securities and Exchange Commission 1,877,864 1,877,864 1,182,621 695,243Statistical Service 11,116,322 11,116,322 8,511,664 2,604,659TOTAL 531,939,183 531,939,183 155,194,169 376,745,014Ministry of Fisheries and Aquaculture(MOFAD)Fisheries Scientific Survey Division 606,275 606,275 0 606,275General Administration 1,733,223 1,733,223 0 1,733,223General Administration and Operations 1,791,258 1,791,258 25,972,542 (24,181,284)Monitoring, Control and Surveillance Division 263,419 263,419 0 263,419Regional Operations Ashanti 306,849 306,849 0 306,849Regional Operations Brong Ahafo 169,396 169,396 0 169,396Regional Operations Central 333,629 333,629 0 333,629Regional Operations Eastern 209,681 209,681 0 209,681Regional Operations Greater Accra 335,543 335,543 0 335,543Regional Operations Northern 194,959 194,959 0 194,959

Regional Operations Upper East 229,060 229,060 0 229,060

Regional Operations Upper West 117,862 117,862 0 117,862

Regional Operations Volta 241,021 241,021 0 241,021

Regional Operations Western 397,924 397,924 0 397,924

Yeji Artersnal Fisheries 146,361 146,361 0 146,361TOTAL 7,076,460 7,076,460 25,972,542 (18,896,082)

90



BUDGET BUDGET


Ministry of Food and Agriculture (MOFA)

Agric. Engineering Services Dept. 740,394 740,394 704,556 35,838

Animal Production Directorate 2,351,175 2,351,175 2,583,537 (232,362)

Crop Services Directorate 1,535,966 1,535,966 2,015,414 (479,448)

Directorate of Agric. Extention Services. 717,590 717,590 1,429,026 (711,436)

Finance and Administration 0 0 1,301,537 (1,301,537)

Ghana Irrigation Development Authority 4,550,865 4,550,865 4,009,904 540,961

Ghana Permanent Representative in Rome 46,381 46,381 383,928 (337,547)

Grains and Legumes Dev. Board 1,388,062 1,388,062 1,323,149 64,913

Human Resource Development Management 12,890,325 12,890,325 8,298,509 4,591,816

Irrigation Company of Upper Region 1,204,755 1,204,755 954,562 250,193

Plant Protection & Regulatory Services (PPRS) 874,032 874,032 3,328,265 (2,454,233)

Policy Planning Monitoring and Evaluation 1,091,487 1,091,487 1,145,499 (54,012)

Regional Agric Development Unit 9,046,557 9,046,557 622,731 8,423,827

Statistics Research and Information Dept 630,925 630,925 624,955 5,970

Vertirinary Council 48,278 48,278 0 48,278

Veterinary Services Dept 764,737 764,737 0 764,737

Veterinary Services Dept. (Central Administration)14,933,645 14,933,645 10,560,262 4,373,382

Women in Agric. Development Department (WIAD) 347,331 347,331 329,468 17,863

TOTAL 53,162,504 53,162,504 39,615,301 13,547,203

Ministry of Foreign Affairs (MFARI)

Africa Region Missions 43,727,222 43,727,222 44,689,337 (962,115)

America Region Missions 27,777,010 27,777,010 28,440,352 (663,342)

Europe Region Missions 56,353,769 56,353,769 56,560,488 (206,719)

Foreign Affairs HQ 8,172,329 8,172,329 8,932,387 (760,058)

Middle East and Asia Region Missions 34,991,841 34,991,841 31,194,779 3,797,061

Subvented Organisation 2,321,310 2,321,310 437,089 1,884,221

TOTAL 173,343,480 173,343,480 170,254,432 3,089,049

Ministry of Gender, Children and Social(MGCSP)

Abor Rehabilitation Centre Gen Admin 380,084 380,084 983,376 (603,292)

Ashanti Mampong Babies Home Gen Admin 170,502 170,502 0 170,502

Department of Children 994,084 994,084 517,378 476,706

Department of Women 1,058,093 1,058,093 582,765 475,328

Dept. of Social Welfare 787,610 787,610 0 787,610

Dept. of Social Welfare General Administration, Budget and Planning8,337,189 8,337,189 14,898,209 (6,561,020)

Headquarters 938,749 938,749 1,405,362 (466,613)

Jachie Training College Gen Admin Bosomtwe 176,714 176,714 104,573 72,142

Jirapa Orphanage Gen Admin Jirapa 20,711 20,711 36,428 (15,716)

National Commision of Persons with Disabillity General Administration437,237 437,237 108,103 329,133

School of Social Work Gen Admin 424,800 424,800 0 424,800

TOTAL 13,725,775 13,725,775 18,636,195 (4,910,420)

91



BUDGET BUDGET


Ministry of Health (MoH)

Allied Health Professions Council 275,608 275,608 65,771 209,837

Christian Health Association of Ghana 338,840,952 338,840,952 249,869,000 88,971,951

Ghana Health Service 664,817,021 664,817,021 1,126,093,059 (461,276,038)

Health Headquarters 6,811,242 6,811,242 12,779,979 (5,968,737)

Office of the Chief Director 137,669 137,669 0 137,669

Office of the Minister 8,898 8,898 0 8,898

Procurement and Supplies 570,893 570,893 0 570,893

Psychiatry Hospitals (Tertiary Health Services) 20,401,953 20,401,953 48,846,220 (28,444,267)

Regulatory Agencies 41,123,171 41,123,171 46,540,609 (5,417,439)

Subvented Organisations 27,017,899 27,017,899 28,544,533 (1,526,634)

Teaching Hospitals 392,208,552 392,208,552 216,655,521 175,553,031

Traditional and Alternative Medicine Directorate 33,715 33,715 0 33,715

Training Institutions 40,606,960 40,606,960 302,156,569 (261,549,609)

TOTAL 1,532,854,532 1,532,854,532 2,031,551,261 (498,696,729)

Ministry of Interior (MINT)

Gaming Board 360,582 360,582 374,202 (13,621)

Ghana Immigration Service 93,824,876 93,824,876 110,765,558 (16,940,682)

Ghana National Fire Service 147,369,641 147,369,641 157,303,070 (9,933,429)

Ghana Police Service 657,368,912 657,368,912 708,546,083 (51,177,171)

Ghana Prisons Service 112,027,535 112,027,535 122,844,701 (10,817,166)

Ghana Refugee Board 657,000 657,000 347,950 309,050

Interior Headquarters 1,401,059 1,401,059 1,139,349 261,710

Nacortic Control Board 18,160,000 18,160,000 13,486,097 4,673,903

National Commission on Small Arms 500,000 500,000 257,373 242,627

National Disaster Management Organization 50,436,442 50,436,442 62,434,528 (11,998,085)

National Peace Council 2,907,292 2,907,292 1,028,846 1,878,447

TOTAL 1,085,013,340 1,085,013,340 1,178,527,756 (93,514,417)

Ministry of Justice (MoJ)

Attorney General's Department 29,574,069 29,574,069 37,251,602 (7,677,532)

CopyRight Office 579,975 579,975 293,336 286,639

Council for Law Reporting 2,004,912 2,004,912 1,628,498 376,414

Economic and Organised Crime Office 13,164,884 13,164,884 11,922,048 1,242,836

Gen. Admin and Finance 2,662,027 2,662,027 1,173,839 1,488,189

General Legal Council 4,388,550 4,388,550 2,351,230 2,037,320

Law Reform Commission 685,820 685,820 514,514 171,306

Legal Aid Scheme 3,209,412 3,209,412 3,007,600 201,812

Registrar General's Dep't 3,933,358 3,933,358 2,980,893 952,465

TOTAL 60,203,007 60,203,007 61,123,559 (920,552)

92



BUDGET BUDGET


Ministry of Lands and Natural(MLNR)

Forestry Commission 41,560,364 41,560,364 47,045,180 (5,484,816)

Geological Survey Department 3,259,401 3,259,401 9,142,898 (5,883,497)

Headquarters 2,728,476 2,728,476 3,523,443 (794,967)

Lands Commission 37,629,196 37,629,196 24,073,057 13,556,139

Minerals Commission 14,515,797 14,515,797 0 14,515,797

O.A.S.L 6,186,874 6,186,874 0 6,186,874

TOTAL 105,880,108 105,880,108 83,784,577 22,095,530

Ministry of Local Govt and Rural(MLGRD)

Births and Death 2,980,713 2,980,713 3,049,519 (68,805)

Community Development 3,673,550 3,673,550 20,194,373 (16,520,823)

Department of Parks and Gardens 7,129,182 7,129,182 5,374,190 1,754,991

Development Planning Unit 748,918 748,918 11,258 737,660

Environmental Health & Sanitation 2,110,391 2,110,391 0 2,110,391

Gen. Admin 3,073,027 3,073,027 178,107,636 (175,034,609)

Inspectorate Division 424,542 424,542 0 424,542

Local Government Service 1,115,856 1,115,856 141,169,848 (140,053,992)


TOTAL 21,256,178 21,256,178 350,412,349 (329,156,171)

Ministry of Roads and Highways

Department of Feeder Roads 5,348,371 5,348,371 6,319,053 (970,682)

Department of Urban Roads 2,567,795 2,567,795 4,014,798 (1,447,003)

Ghana Highway Authority 18,417,738 18,417,738 20,787,411 (2,369,673)

Headquarters 1,273,676 1,273,676 962,281 311,395

TOTAL 27,607,579 27,607,579 32,083,543 (4,475,964)

Ministry of Tourism, Culture(MTCC)

Bureau of Ghana Language 339,109 339,109 7,039,284 (6,700,175)

Centre for National Culture 9,968,560 9,968,560 0 9,968,560

Finance and Administration 2,822,886 2,822,886 918,975 1,903,912

Ghana Tourist Board 3,566,036 3,566,036 4,212,357 (646,321)

Headquarters 463,804 463,804 0 463,804

HOTCATT 59,308 59,308 65,420 (6,113)

Subvented Agencies 5,817,327 5,817,327 6,355,042 (537,715)

TOTAL 23,037,031 23,037,031 18,591,078 4,445,953

93



BUDGET BUDGET


Ministry of Trade and Industry (MoTI)

CEDECOM 924,870 924,870 642,215 282,655

Foreign Missions 196,502 196,502 8,680,000 (8,483,498)

Gen. Admin 10,987,656 10,987,656 3,808,166 7,179,489

Ghana Export Promotion Authority 1,832,976 1,832,976 1,249,592 583,384

Ghana Standards Board 5,036,182 5,036,182 5,221,080 (184,899)

GRATIS 4,299,952 4,299,952 2,536,090 1,763,862

Industrial Development Division 4,268,359 4,268,359 0 4,268,359

NBSSI 7,900,807 7,900,807 5,410,257 2,490,550

Regional Trade Offices 855,392 855,392 499 854,894

TOTAL 36,302,697 36,302,697 27,547,900 8,754,797

Ministry of Transport (MRT)

Headquarters 1,076,002 1,076,002 2,275,429 (1,199,427)

Driver and Vehicle Licensing Authority 7,213,517 7,213,517 7,986,383 (772,866)

Ghana Railway Development Authority 1,189,779 1,189,779 455,567 734,212

Government Technical Training Centret 399,511 399,511 0 399,511

National Road Safety Commission 997,231 997,231 880,226 117,005


Other Governement Obligation-General Government Services0 0 8,276,494 (8,276,494)

TOTAL 10,876,040 10,876,040 26,381,983 (15,505,944)

Ministry of Water Resources, Works(MWRWH)Architect Registration Council 59,791 59,791 132,769 (72,978)Community Water & Sanitation Agency 3,633,582 3,633,582 3,487,698 145,884Department of Rural Housing 199,579 199,579 0 199,579Gen. Admin (GA) 688,713 688,713 2,792,269 (2,103,556)Housing 109,035 109,035 1,087,724 (978,688)Human Resource Development and Mamagement (HRDM)128,310 128,310 0 128,310Hydrological Services Department 802,217 802,217 351,033 451,184Policy Planning, Budgeting, Monitoring and Evaluation (PPMBE)147,684 147,684 0 147,684Public Servants Housing Loan Scheme Board 59,987 59,987 40,763 19,224Public Works Department 1,495,325 1,495,325 10,339,237 (8,843,912)Regional/DRH 932,370 932,370 0 932,370Rent Control Department 905,779 905,779 0 905,779Ressearch Statistics and Information Management (RSIM)78,798 78,798 0 78,798Water Resources Commission 82,773 82,773 1,070,819 (988,046)TOTAL 9,323,942 9,323,942 19,302,310 (9,978,368)

Ministry of Youth and Sports (MoYS)

Headquarters 909,795 909,795 2,038,493 (1,128,698)

National Sports Authority 4,494,708 4,494,708 3,312,044 1,182,664

National Sports Colleage 382,464 382,464 405,513 (23,049)

National Youth Authority 4,403,735 4,403,735 4,962,071 (558,336)

TOTAL 10,190,702 10,190,702 10,718,121 (527,420)

94



BUDGET BUDGET


MMDA 313,433,202 313,433,202 8,044,362 305,388,840

National Commission for Civic(NCCE)

Gen. Admin HQ 27,498,349 27,498,349 27,143,732 354,618


TOTAL 27,498,349 27,498,349 27,827,319 (328,970)

National Development Planning(NDPC)

Headquarters 3,401,475 3,401,475 1,955,924 1,445,551

TOTAL 3,401,475 3,401,475 1,955,924 1,445,551

National Media Commission

Gen. Admin 1,646,896 1,646,896 768,509 878,388

TOTAL 1,646,896 1,646,896 768,509 878,388

Nationl Labour Commission (NLC)

Headquarters 591,011 591,011 124,904 466,107

General Administration HQ 394,040 394,040 728,827 (334,787)


TOTAL 985,051 985,051 899,871 85,180

Office of Government Machinery (OGM)

Commissions and Councils 4,401,250 4,401,250 5,411,901 (1,010,651)

Ghana AIDS Commision 912,997 912,997 1,209,218 (296,221)

Ghana Investment Promotion Centre (GIPC) 1,506,364 1,506,364 840,294 666,070

Internal Audit Agency 3,287,200 3,287,200 2,571,359 715,841

Microfinance and Small Loans Centre (MASLOC) 5,579,700 5,579,700 1,122,119 4,457,582

National Identification Authority (NIA) 2,743,500 2,743,500 2,704,299 39,201

National Population Council 1,912,500 1,912,500 1,115,952 796,547

Office of the Administrator 499,085 499,085 76,181 422,904

Office of the National Security 150,565,496 150,565,496 165,936,784 (15,371,288)

Office of the President 20,360,704 20,360,704 34,755,360 (14,394,656)


Public Records and Archives Administration Departm 0 0 2,001,216 (2,001,216)

Regional Co-ordination Council 17,353,591 17,353,591 25,036,604 (7,683,013)

Savannah Accelerated Development Authority (SADA)232,397 232,397 0 232,397

Scholarship Secretariat 1,085,218 1,085,218 1,496,623 (411,405)

TOTAL 210,440,000 210,440,000 245,204,915 (34,764,914)

Office Of Head of Civil Service (OHCS)

Carreer, Management Directorate 0 0 17,503 (17,503)

Finance and Administration 3,133,361 3,133,361 1,512,292 1,621,070

General Administration 1,293,241 1,293,241 2,897,482 (1,604,240)

Management Service Division 695,907 695,907 20,392 675,515

Planning, Budgeting, Monitoring & Evaluation 0 0 123,662 (123,662)

Recruitment, Training & Development Directorate 0 0 175,680 (175,680)

TOTAL 5,122,510 5,122,510 4,747,011 375,499

95



BUDGET BUDGET


Other Governement Obligation (OGO)

Pensions 750,912,602 750,912,602 667,776,886 83,135,716

Social Security 1,059,506,822 1,059,506,822 799,411,161 260,095,661

General Government Services 108,840,764 108,840,764 0 108,840,764

TOTAL 1,919,260,188 1,919,260,188 1,467,188,048 452,072,140

Parliament of Ghana

Finance and Administration 0 0 62,779,448 (62,779,448)

General Operations 133,898,701 133,898,701 56,868,637 77,030,063

TOTAL 133,898,701 133,898,701 119,648,085 14,250,616

Public Services Commission

Office of the Executive Secretary 1,950,655 1,950,655 1,934,146 16,509

TOTAL 1,950,655 1,950,655 1,934,146 16,509

Virtual Ministries for Centralised Transactions

Gratuties 216,015,954 216,015,954 147,173,267 68,842,687

TOTAL 216,015,954 216,015,954 147,173,267 68,842,687

Grand Total 12,597,696,797 12,597,696,797 13,015,237,357 (417,540,560)

96

11d.CLASSIFICATION OF EXPENDITURE FOR THE YEAR 2015BY COST CENTRES- GOODS AND SERVICES


BUDGET BUDGET


Audit Service(AS)

Direct Audit 654,300 654,300 301,788 352,512

Central Gov't Audit Dept. 807,500 807,500 437,402 370,098

Finance and Administration 9,019,500 9,019,500 6,762,580 2,256,920

Performance & Special Audit 1,067,434 1,067,434 578,208 489,226

Regional, District Audits & EIDA 2,976,000 2,976,000 1,612,049 1,363,951

Review Audit 259,700 259,700 193,364 66,336

TOTAL 14,784,434 14,784,434 9,885,392 4,899,042

CHRAJ (CHRAJ)

Administrative Justice Department 400,000 400,000 0 400,000

Anti Corruption Departmen 2,474,025 2,474,025 1,171,510 1,302,515

Human Rights Department 500,000 500,000 18,384 481,616

TOTAL 3,374,025 3,374,025 1,189,894 2,184,131


Headquarters 10,368,000 12,012,707 12,000,000 12,707

Other Governement Obligation-Contingency 0 1,000,000 500,000 500,000

Other Governement Obligation-Non Road Arrears 0 179,100,000 178,138,999 961,001

TOTAL 10,368,000 192,112,707 190,638,999 1,473,709


Gen. Admin 35,683,052 35,683,052 8,009,725 27,673,327

TOTAL 37,946,911 37,946,911 8,009,725 29,937,186


India Kofi Annan Centre of Excellence in IC 37,854 37,854 12,840 25,014

Gen. Admin 637,658 601,658 300,259 301,399

Gen. Admin & Finance 16,000 52,000 51,609 391

Ghana Broadcasting Corporation 31,836,413 26,836,413 223,539 26,612,875

Ghana Meteorological Agency 4,317,620 4,317,620 219,077 4,098,543

Human Resource 60,000 60,000 28,550 31,450

Information Service Department 650,811 650,811 377,891 272,920

Internal Audit 43,730 43,730 20,701 23,029

National Information Technology Agency 49,629 49,629 0 49,629

Other Governement Obligation-Contingency 0 5,000,000 4,778,628 221,372

Poastal & Courier Services Regulatory Commission 351,675 351,675 38,717 312,957

PPME 210,525 210,525 39,289 171,236

Research 47,000 47,000 21,940 25,060

TOTAL 38,258,915 38,258,915 6,113,039 32,145,876

Ministry of Chieftaincy and Traditional(MCTA)

Gen. Admin HQ 466,425 466,425 319,626 146,799

National House of Chiefs 199,000 199,000 96,184 102,816

TOTAL 665,425 665,425 415,810 249,615

97



BUDGET BUDGET



Gen. Admin 3,214,250 3,214,250 2,377,282 836,968

Ghana Armed Forces 56,949,107 46,949,107 22,261,805 24,687,302

Other Governement Obligation-Non Road Arrears 0 10,000,000 10,000,000 0

Veterans Association of Ghana 150,200 150,200 0 150,200

TOTAL 60,313,557 60,313,557 34,639,088 25,674,469



Council for Technical & Vocational Education & Training818,910 818,910 134,958 683,952

Gen. Admin 68,413,421 19,521,329 16,189,967 3,331,362

Ghana Book Development Council 213,000 213,000 37,411 175,589

Ghana Education Service (GES) 535,988,301 537,570,288 36,144,464 501,425,824

Ghana Library Board 910,011 910,011 203,844 706,167

Ghana National Commission for UNESCO 437,000 437,000 119,616 317,384

Human Resource and Development 470,000 470,000 117,637 352,363

Institutions For The Handicapped 390,000 390,000 0 390,000

Internal Audit 200,000 200,000 55,025 144,975

National Council for Curriculum and Assessment 193,280 193,280 35,051 158,229

National Inspectorate Board 700,000 700,000 183,642 516,358

National Service Secretariat 2,923,170 2,923,170 31,015 2,892,155

National Teaching Council 192,600 192,600 5,000 187,600

Non Formal Education 1,514,644 1,514,644 407,777 1,106,867

Office of the Chief Director 170,000 4,170,000 3,983,471 186,529

Office of the Minister 170,000 170,000 46,700 123,300


Planning Budgeting,Monitoring & Evaluation 1,050,000 1,050,000 200,116 849,884

Regional/District/School Services 81,887,961 81,887,961 21,425 81,866,536

Statistics, Research, Information & Public Relation 400,000 400,000 90,462 309,538

Tertiary 683,707,293 660,750,151 16,432,465 644,317,686

WAEC (National) 21,411,035 15,705,243 15,561,489 143,754

TOTAL 1,402,858,826 1,333,885,788 92,332,482 1,241,553,305

98



BUDGET BUDGET



Dept. of Co-operatives 334,000 334,000 180,880 153,120

Dept. of Factories Inspectorate 290,000 290,000 177,751 112,249

Fair Wages and Salaries Commission 358,900 358,900 198,813 160,087

Ghana Cooperative Council 100,824 100,824 36,918 63,907

Headquarters 2,082,755 2,082,755 1,807,298 275,457

Integrated Cummunity Centeres For Employable Skill180,150 180,150 110,468 69,682

Labour Department 351,384 351,384 188,105 163,279

Management Development & Productivity Institute (M648,398 648,398 61,785 586,613

National Pension & Regulatory Authority 912,505 912,505 152,468 760,037

National Vocational Training Institute (NVTI) 4,504,628 4,504,628 32,744 4,471,885

Opportunity Industrialisation center 448,347 448,347 80,131 368,216


Youth Employment Authority 0 8,000,000 7,186,743 813,257

TOTAL 10,211,892 22,211,892 13,818,017 8,393,874


Energy Commision 186,918 186,918 80,753 106,165

Headquarters. 16,136,248 16,136,248 3,880,609 12,255,639

TOTAL 16,323,166 16,323,166 3,961,362 12,361,804


MESTI Headquaters 18,813,253 18,813,253 406,962 18,406,291

Council for Scientific and Industrial Research (C. 5,732,703 5,732,703 1,305,625 4,427,078

Environmental Protection Agency 2,445,462 24,555,772 22,617,295 1,938,477

Ghana Atomic Energy Commission (G.A.E.C) 2,275,123 2,275,123 506,226 1,768,897

Headquaters 2,695,786 2,695,786 1,979,292 716,494MESTI Headquaters 100,000 100,000 0 100,000Other Governement Obligation-Non Road Arrears 0 1,000 466 534School of Nuclear and Allied Sciences 403,740 402,740 0 402,740Town and Country Planning Department (T.C.P.D) 610,000 610,000 359,712 250,288TOTAL 33,076,067 55,186,377 27,175,577 28,010,800Ministry of Finance (MoF)Controller and Acct. General's Dept. 16,990,271 186,990,271 184,404,157 2,586,114Finance Headquarters 10,715,927 23,105,792 16,132,376 6,973,416Financial Intelligence Centre 736,520 736,520 736,520 0Ghana Revenue Authority 43,150,000 33,650,000 0 33,650,000Institute of Accountancy Training 332,507 332,507 241,925 90,582Other Governement Obligation-Contingency 0 6,000,000 5,926,734 73,266Other Governement Obligation-Non Road Arrears 0 210,000,000 206,229,941 3,770,059Public Procurement Authority 1,608,205 2,108,205 1,761,277 346,928Securities and Exchange Commission 2,470,462 2,470,462 138,483 2,331,978Statistical Service 2,982,760 2,982,760 974,076 2,008,684Other Governement Obligation-General Government Services0 3,000,000 2,705,265 294,735TOTAL 78,986,652 471,376,517 419,250,754 52,125,763

99



BUDGET BUDGET


Ministry of Fisheries and Aquaculture(MoFAD)

Fisheries Scientific Survey Division 473,434 343,434 25,460 317,974

General Administration 2,513,567 2,213,567 50,198 2,163,368

General Administration and Operations 547,432 3,383,318 101,860 3,281,458

Inland and Acquaculture Management Division 1,998,807 2,591,666 41,355 2,550,311

Marine Fisheries Management Division 417,382 389,422 0 389,422

Monitoring, Control and Surveillance Division 408,623 408,623 0 408,623

Regional Operations Ashanti 617,652 609,452 19,229 590,224

Regional Operations Brong Ahafo 663,071 654,871 23,388 631,484

Regional Operations Central 626,258 626,258 29,220 597,038

Regional Operations Eastern 625,158 616,958 6,613 610,346

Regional Operations Greater Accra 630,708 630,708 36,248 594,460

Regional Operations Northern 611,370 564,677 11,398 553,280

Regional Operations Upper East 627,078 574,838 7,030 567,808

Regional Operations Upper West 612,154 565,477 11,498 553,979

Regional Operations Volta 619,450 619,450 20,252 599,197

Regional Operations Western 618,057 618,057 30,572 587,485

Yeji Artersnal Fisheries 278,539 278,539 4,517 274,022

TOTAL 12,888,742 15,689,317 418,838 15,270,479


Agric. Engineering Services Dept. 127,412 127,412 67,399 60,013

Animal Production Directorate 4,407,000 2,822,651 60,480 2,762,171

Crop Services Directorate 115,736,978 145,014,065 10,261,456 134,752,609

Directorate of Agric. Extention Services. 131,604 131,604 67,319 64,285

Finance and Administration 641,525 1,631,525 143,218 1,488,307

Ghana Irrigation Development Authority 200,000 200,000 0 200,000

Ghana Permanent Representative in Rome 75,000 75,000 0 75,000

Grains and Legumes Dev. Board 158,640 158,640 47,749 110,891

Human Resource Development Management 591,481 591,481 102,673 488,808

Irrigation Company of Upper Region 672,352 672,352 5,344 667,008

ONCHO 75,000 75,000 1,500 73,500


Plant Protection & Regulatory Services (PPRS) 477,857 477,857 46,149 431,707

Policy Planning Monitoring and Evaluation 12,314,006 7,114,006 56,393 7,057,613

Regional Agric Development Unit 13,404,516 12,414,977 524,714 11,890,263

Statistics Research and Information Dept 150,000 150,000 66,087 83,913

Vertirinary Council 20,000 20,000 4,017 15,983

Veterinary Services Dept 650,000 650,000 356,294 293,706

Veterinary Services Dept. (Central Administration) 667,382 667,382 16,464 650,918

Women in Agric. Development Department (WIAD) 102,401 102,401 14,388 88,013

TOTAL 150,603,154 178,296,352 16,841,645 161,454,707

100



BUDGET BUDGET


Ministry of Foreign Affairs and Regional(MFARI)

Africa Region Missions 7,632,755 7,632,755 1,486,683 6,146,072

America Region Missions 2,027,270 2,027,270 380,658 1,646,611

Europe Region Missions 7,485,276 7,485,276 1,403,907 6,081,369

Foreign Affairs HQ 26,081,307 26,081,307 6,209,737 19,871,570

Middle East and Asia Region Missions 4,687,423 4,687,423 967,790 3,719,634

Subvented Organisation 691,412 691,412 179,288 512,124

TOTAL 48,605,442 48,605,442 10,628,062 37,977,380

Ministry of Gender, Children (MGCSP)

Abor Rehabilitation Centre Gen Admin 6,000 6,000 0 6,000

Ashanti Mampong Babies Home Gen Admin 10,500 10,500 0 10,500

Department of Children 3,735,515 3,735,515 190,110 3,545,406

Department of Women 1,661,360 1,661,360 322,587 1,338,773

Dept. of Social Welfare 249,775 249,775 53,208 196,567

Dept. of Social Welfare General Administration, Budget and Planning843,625 843,625 226,918 616,707

Headquarters 2,552,940 2,552,940 732,703 1,820,237

Jachie Training College Gen Admin Bosomtwe 6,500 6,500 0 6,500

Jirapa Orphanage Gen Admin Jirapa 5,600 5,600 0 5,600

National Commision of Persons with Disabillity General Administration425,390 425,390 166,560 258,830

School of Social Work Gen Admin 18,000 18,000 0 18,000

TOTAL 9,515,205 9,515,205 1,692,086 7,823,119


Allied Health Professions Council 1,019,406 1,019,406 0 1,019,406

Christian Health Association of Ghana 44,354,513 44,354,513 0 44,354,513

College of Pharmacist 391,224 391,224 0 391,224

Ghana Health Service 448,616,764 273,616,764 4,617,579 268,999,185

Health Headquarters 7,322,496 7,322,496 20,918 7,301,578

Office of the Chief Director 1,500,483 176,500,483 173,000,092 3,500,391

Office of the Minister 144,674 144,674 0 144,674

Procurement and Supplies 6,036,157 6,036,157 0 6,036,157

Psychiatry Hospitals (Tertiary Health Services) 2,210,901 2,210,901 0 2,210,901

Regulatory Agencies 31,732,277 31,732,277 0 31,732,277

Subvented Organisations 5,211,895 5,211,895 0 5,211,895

Teaching Hospitals 121,976,283 121,976,283 0 121,976,283

Traditional and Alternative Medicine Directorate 203,478 203,478 0 203,478

Training Institutions 16,003,745 16,003,745 299 16,003,445

TOTAL 686,724,296 686,724,296 177,638,888 509,085,407

101



BUDGET BUDGET



Gaming Board 500,000 500,000 276,200 223,800

Ghana Immigration Service 5,213,849 3,213,849 145,950 3,067,899

Ghana National Fire Service 11,246,856 4,246,856 3,579,086 667,770

Ghana Police Service 5,185,803 7,185,803 16,037,595 (8,851,792)

Ghana Prisons Service 13,756,786 12,326,786 10,006,249 2,320,537

Ghana Refugee Board 400,000 400,000 195,047 204,953

Interior Headquarters 2,294,414 3,009,414 3,005,625 3,789

Nacortic Control Board 1,274,634 1,989,634 1,983,881 5,753

National Commission on Small Arms 700,000 700,000 407,250 292,750

National Disaster Management Organization 8,920,000 8,920,000 2,959,107 5,960,893

National Peace Council 700,000 700,000 292,270 407,730



Other Governement Obligation-General Government Services0 32,000,000 31,995,000 5,000

TOTAL 50,192,342 215,192,342 210,064,805 5,127,537


Attorney General's Department 589,857 589,857 357,161 232,696

CopyRight Office 160,985 160,985 55,519 105,466

Council for Law Reporting 632,092 632,092 22,286 609,806

Economic and Organised Crime Office 461,269 461,269 361,770 99,499

Gen. Admin and Finance 1,383,433 1,128,433 219,807 908,626

General Legal Council 1,986,152 1,441,152 23,830 1,417,322

Law Reform Commission 127,529 127,529 85,519 42,010

Legal Aid Scheme 235,924 235,924 125,255 110,669

Other Governement Obligation-Contingency 0 255,000 250,000 5,000

Registrar General's Dep't 1,525,012 2,070,012 2,066,654 3,358

TOTAL 7,102,253 7,102,253 3,567,802 3,534,452

Ministry of Lands and Natural (MLNR)

Forestry Commission 31,692,446 31,692,446 157,180 31,535,266

Geological Survey Department 2,670,444 2,670,444 2,513,134 157,310

Headquarters 15,424,559 15,424,559 8,084,066 7,340,493

Lands Commission 16,671,063 16,671,063 1,387,637 15,283,426

Minerals Commission 19,945,673 19,945,673 9,268,000 10,677,673

O.A.S.L 14,776,104 25,367,951 20,087,695 5,280,256

TOTAL 101,180,289 111,772,136 41,497,712 70,274,424

102



BUDGET BUDGET


Ministry of Local Govt and Rural (MLGRD)

Births and Death 1,200,000 1,200,000 355,279 844,721

Community Development 1,200,000 1,200,000 383,930 816,070

Department of Parks and Gardens 1,200,000 1,200,000 349,653 850,347

Development Planning Unit 450,000 450,000 83,894 366,106

Environmental Health & Sanitation 1,000,000 1,000,000 286,153 713,847

Gen. Admin 14,065,565 58,265,565 58,166,607 98,958

Inspectorate Division 2,350,000 6,802,445 181,793 6,620,652

Local Government Service 2,000,000 24,000,000 4,465,299 19,534,701



TOTAL 23,465,565 167,618,010 137,241,717 30,376,293

Ministry of Power 0 4,000,000 3,208,028 791,973


Department of Feeder Roads 3,071,089 3,071,089 59,247 3,011,842Department of Urban Roads 78,913 78,913 28,594 50,319Ghana Highway Authority 673,546 673,546 53,368 620,178Headquarters 2,036,735 2,036,735 0 2,036,735TOTAL 5,860,283 5,860,283 141,209 5,719,074Ministry of Tourism, Culture (MTCCA)Bureau of Ghana Language 16,467 16,467 8,055 8,412Centre for National Culture 214,213 214,213 8,474 205,739Finance and Administration 771,455 771,455 376,803 394,652Ghana Tourist Board 3,230,911 3,230,911 196,113 3,034,798Headquarters 55,212 55,212 20,135 35,076HOTCATT 39,755 39,755 18,084 21,671Subvented Agencies 1,897,447 1,897,447 32,869 1,864,578TOTAL 6,225,460 6,225,460 660,534 5,564,926Ministry of Trade and Industry (MoTI)

CEDECOM 144,396 144,396 28,933 115,464

Foreign Missions 4,142,836 4,142,836 10,869 4,131,967

Gen. Admin 5,079,576 5,079,576 27,996 5,051,580

Ghana Export Promotion Authority 302,094 302,094 116,954 185,140

Ghana Freezone Board 12,972,896 12,972,896 0 12,972,896

Ghana Standards Board 13,936,743 13,936,743 0 13,936,743

GRATIS 924,687 924,687 116,256 808,431

Industrial Development Division 4,576,772 1,576,772 3,701 1,573,070NBSSI 478,949 478,949 166,491 312,458Other Governement Obligation-Non Road Arrears 0 3,000,000 2,646,720 353,280PPME 813,319 813,319 14,030 799,290Regional Trade Offices 1,423,276 1,423,276 42,085 1,381,191Trade Development Division 14,632,576 14,632,576 17,400 14,615,176TOTAL 59,428,120 59,428,120 3,191,434 56,236,686

103



BUDGET BUDGET



Headquarters 938,413 938,413 754,191 184,223

Driver and Vehicle Licensing Authority 4,797,506 3,152,136 0 3,152,136

Ghana Railway Development Authority 5,448,181 5,448,181 226,235 5,221,946

Government Technical Training Centret 185,217 185,217 123,568 61,649

National Road Safety Commission 42,223 42,223 32,063 10,160


TOTAL 11,411,540 36,266,170 27,136,056 9,130,114

Ministry of Water Resources, Works(MWRWH)

Architect Registration Council 44,148 44,148 43,463 685

Community Water & Sanitation Agency 140,217 8,240,217 131,186 8,109,031

Department of Rural Housing 63,722 63,722 58,819 4,903

Engineers Council 13,889 13,889 0 13,889

Gen. Admin (GA) 349,915 749,915 736,039 13,876

Housing 21,655 1,521,655 1,156,270 365,385

Human Resource Development and Mamagement (HRDM)56,174 56,174 8,500 47,674

Hydrological Services Department 1,397,814 6,311,304 24,080 6,287,224

Policy Planning, Budgeting, Monitoring and Evaluation (PPMBE)132,577 132,577 2,300 130,277

Public Servants Housing Loan Scheme Board 12,396 12,396 7,320 5,076

Public Works Department 248,085 248,085 28,923 219,162

Rent Control Department 53,159 53,159 45,691 7,468

Ressearch Statistics and Information Management (RSIM)20,860 20,860 10,893 9,967

State Owned Enterprise 1,410,466 36,410,466 0 36,410,466

Water Resources Commission 23,000 23,000 0 23,000

TOTAL 3,988,077 53,901,567 2,253,484 51,648,083


Headquarters 9,490,000 14,390,000 14,304,590 85,410

National Sports Authority 5,596,633 1,596,633 1,038,403 558,230

National Sports Colleage 1,558,882 1,558,882 301,005 1,257,877

National Youth Authority 4,350,000 3,450,000 861,782 2,588,218

TOTAL 20,995,515 20,995,515 16,505,780 4,489,735

MMDA 13,999,998 13,999,998 4,678,775 9,321,223

National Commission for Civic (NCCE)

Gen. Admin HQ 1,111,604 1,111,604 828,801 282,803

TOTAL 1,111,604 1,111,604 828,801 282,803

National Development Planning Com.(NDPC)

Headquarters 1,742,197 1,657,197 1,032,040 625,157

Other Governement Obligation-Non Road Arrears 0 85,000 84,150 850

TOTAL 1,742,197 1,742,197 1,116,190 626,007

104



BUDGET BUDGET



Gen. Admin 582,752 582,752 323,691 259,061

TOTAL 582,752 582,752 323,691 259,061


Headquarters 798,209 798,209 549,666 248,543

General Administration HQ 184,096 184,096 16,195 167,901

TOTAL 982,305 982,305 565,861 416,444


Commissions and Councils 1,198,000 1,198,000 720,553 477,447

Ghana AIDS Commision 27,704,234 30,190,185 15,060,720 15,129,465

Ghana Investment Promotion Centre (GIPC) 7,855,628 7,855,628 246,953 7,608,675

Internal Audit Agency 950,000 952,000 477,888 474,112

Microfinance and Small Loans Centre (MASLOC) 5,350,000 850,000 508,887 341,113

National Identification Authority (NIA) 6,135,766 635,766 173,689 462,077

National Population Council 700,000 700,000 37,404 662,596

Office of the Administrator 130,000 130,000 63,820 66,180

Office of the National Security 12,257,550 12,257,550 9,578,065 2,679,485

Office of the President 53,562,555 71,562,555 71,339,674 222,881

Other Governement Obligation-Contingency 0 16,500,000 15,473,246 1,026,754


Public Records and Archives Administration Departm 11,730 11,730 0 11,730

Regional Co-ordination Council 9,847,452 4,847,452 4,556,482 290,970

Savannah Accelerated Development Authority (SADA)263,000 263,000 0 263,000

Scholarship Secretariat 523,750 523,750 224,161 299,589

Other Governement Obligation-General Government Services0 2,300,000 2,278,629 21,371

TOTAL 126,489,665 170,277,616 140,066,329 30,211,288


Carreer, Management Directorate 282,000 282,000 129,183 152,817

Finance and Administration 1,048,000 843,000 480,085 362,915

General Administration 400,000 400,000 182,670 217,330

Management Service Division 280,000 280,000 128,251 151,749


Planning, Budgeting, Monitoring & Evaluation 350,000 350,000 159,986 190,014

Procurement &Supply Chain Management Dpt 250,000 250,000 114,011 135,989

Recruitment, Training & Development Directorate 1,516,850 1,516,850 259,189 1,257,661

Research, Statistics & Information Management Directorate150,000 150,000 68,713 81,287

TOTAL 4,276,850 4,276,850 1,722,089 2,554,761

105



BUDGET BUDGET



GET Fund 0 9,300,845 0 9,300,845

Lifeline Consumers of Electricity 60,754,863 15,754,863 12,037,199 3,717,664

Transfer To Ghana National Petroleum 697,688,578 3,954,778 0 3,954,778

Utility 91,794,703 91,794,703 0 91,794,703


Debt Management 0 160,000,000 156,450,762 3,549,238

TOTAL 1,249,993,062 310,810,930 168,487,962 142,322,969

Parliament of Ghana

Bills and Procedural Services 8,911,569 7,311,569 6,588,795 722,774

Corporate Services 7,693,696 7,896,496 5,857,180 2,039,316

Finance and Administration 2,687,226 2,687,226 2,547,256 139,970

General Operations 2,372,844 3,972,844 3,922,022 50,822

Library, Research and Information Services 4,740,627 4,740,627 4,324,052 416,575

Parliamentary Committees 11,032,886 11,032,886 1,637,578 9,395,309

TOTAL 37,438,848 37,641,648 24,876,883 12,764,765


Office of the Executive Secretary 10,255,927 10,255,927 7,187,667 3,068,260

TOTAL 10,255,927 10,255,927 7,187,667 3,068,260


Contingency 171,037,669 52,094,149 0 52,094,149

DACF-OGO 0 123,127,292 86,202,220 36,925,072

TOTAL 171,037,669 175,221,441 86,202,220 89,019,220

Grand Total 4,523,265,030 4,600,535,450 1,896,174,688 2,704,360,761

106

11e. CLASSIFICATION OF EXPENDITUREBY COST CENTRES- SOCIAL BENEFITS


BUDGET BUDGET


CHRAJ (CHRAJ)

Anti Corruption Departmen 0 20,000 16,177 3,823

TOTAL 0 20,000 16,177 3,823


Headquarters 126,500 106,500 0 106,500

TOTAL 126,500 106,500 0 106,500


Gen. Admin 1,649,100 2,149,100 2,128,837 20,263

TOTAL 1,649,100 2,149,100 2,128,837 20,263


Gen. Admin 162,000 162,000 161,697 303

Ghana Armed Forces 1,220,493 720,493 139,652 580,841

TOTAL 1,382,493 882,493 301,349 581,144



Council for Technical & Vocational Education & Training 24,000 19,000 6,756 12,244

Gen. Admin 7,199 37,199 30,087 7,112

Ghana Book Development Council 12,000 12,000 0 12,000

Ghana Library Board 35,602 35,602 0 35,602

Ghana National Commission for UNESCO 13,000 13,000 3,576 9,424

Human Resource and Development 160,000 130,000 15,429 114,571

National Council for Curriculum and Assessment 6,720 6,720 0 6,720

National Teaching Council 7,400 7,400 0 7,400

Non Formal Education 20,656 20,656 0 20,656

TOTAL 293,577 293,577 66,790 226,787

Ministry of Employment and Labour Relations (MELR)

Headquarters 0 3,000,000 2,986,860 13,140

Management Development & Productivity Institute (M 246,506 246,506 0 246,506

TOTAL 246,506 3,246,506 2,986,860 259,646


Environmental Protection Agency 3,741,393 1,181,393 827,528 353,865

Ghana Atomic Energy Commission (G.A.E.C) 262,308 262,308 0 262,308

TOTAL 4,003,701 1,443,701 827,528 616,173

Ministry of Finance (MoF)

Finance Headquarters 0 100,000 96,895 3,105

Ghana Revenue Authority 3,500,000 0 0 0

Securities and Exchange Commission 0 70,000 67,712 2,288

Statistical Service 137,550 137,550 11,350 126,200

TOTAL 3,637,550 307,550 175,957 131,593

107



BUDGET BUDGET



Ghana Health Service 2,077,166 1,467,166 0 1,467,166

Subvented Organisations 102,000 102,000 0 102,000

Teaching Hospitals 376,000 376,000 0 376,000

Training Institutions 89,000 89,000 0 89,000

TOTAL 2,644,166 2,034,166 0 2,034,166


Ghana Immigration Service 571,555 571,555 0 571,555

Ghana Police Service 1,275,660 6,385,660 6,381,869 3,791

Ghana Prisons Service 594,884 424,884 216,388 208,496

National Disaster Management Organization 20,000 20,000 0 20,000

TOTAL 2,462,099 7,402,099 6,598,257 803,842

Ministry of Lands and Natural Resources (MLNR)

Headquarters 100,000 92,000 31,401 60,599

Lands Commission 1,029,162 29,162 0 29,162

O.A.S.L 220 220 0 220

TOTAL 1,129,382 121,382 31,401 89,981


Headquarters 7,116 15,116 14,376 740

TOTAL 7,116 15,116 14,376 740

Ministry of Tourism, Culture and Creative(MTCCA)

Subvented Agencies 150,000 150,000 0 150,000

TOTAL 150,000 150,000 0 150,000


Gen. Admin 0 860,000 852,895 7,105

Ghana Export Promotion Authority 0 6,000 4,758 1,242

Ghana Standards Board 323,712 317,712 0 317,712

Industrial Development Division 127,958 127,958 0 127,958

NBSSI 137,958 137,958 10,981 126,977

TOTAL 589,627 1,449,627 868,634 580,994


Headquarters 50,000 50,000 33,743 16,257


TOTAL 56,000 56,000 33,743 22,257

Ministry of Water Resources, Works (MWRWH)

Community Water & Sanitation Agency 99,345 99,345 0 99,345

Gen. Admin (GA) 7,180 7,180 0 7,180

TOTAL 106,525 106,525 0 106,525

National Commission for Civic Education (NCCE)

Gen. Admin HQ 46,550 46,550 10,784 35,766

TOTAL 46,550 46,550 10,784 35,766

108



BUDGET BUDGET


National Development Planning Commission (NDPC)

Headquarters 30,000 15,500 15,235 265

TOTAL 30,000 15,500 15,235 265


Gen. Admin 20,000 23,000 22,807 193

TOTAL 20,000 23,000 22,807 193


Headquarters 23,520 23,520 21,600 1,920

TOTAL 23,520 23,520 21,600 1,920


Commissions and Councils 2,000 5,000 4,920 80

National Identification Authority (NIA) 0 8,500 8,480 20

TOTAL 2,000 13,500 13,400 100

Parliament of Ghana

Corporate Services 1,343,023 43,023 15,042 27,981

TOTAL 1,343,023 43,023 15,042 27,981

Grand Total 19,949,436 19,949,436 14,148,777 5,800,659

109

11f. CLASSIFICATION OF EXPENDITUREBY COST CENTRES- OTHER EXPENDIURE


BUDGET BUDGET


CHRAJ (CHRAJ)

Anti Corruption Departmen 53,000 53,000 1,200 51,800

TOTAL 53,000 53,000 1,200 51,800


Headquarters 1,505,500 1,505,500 0 1,505,500

TOTAL 1,505,500 1,505,500 0 1,505,500


Gen. Admin 40,000 40,000 0 40,000

TOTAL 40,000 40,000 0 40,000


Gen. Admin HQ 5,000 5,000 0 5,000

TOTAL 5,000 5,000 0 5,000


Gen. Admin 11,750 361,750 347,655 14,095

Ghana Armed Forces 344,660 344,660 35,470 309,190

TOTAL 356,410 706,410 383,126 323,284


Centre for National Distance Learning and Open Schooling (CENDLOS)4,800 4,800 0 4,800

Ghana Library Board 8,000 8,000 0 8,000

Non Formal Education 9,700 9,700 0 9,700

Office of the Chief Director 0 60,000 58,204 1,796

Planning Budgeting,Monitoring & Evaluation 450,000 390,000 100,000 290,000

TOTAL 472,500 472,500 158,204 314,296


Headquarters 86,774 86,774 0 86,774

TOTAL 86,774 86,774 0 86,774


Headquarters. 11,967 11,967 0 11,967

TOTAL 11,967 11,967 0 11,967

Ministry of Environment Science(MESTI)

Environmental Protection Agency 200,451 380,451 377,467 2,984

Other Governement Obligation-Non Road Arrears 0 850,000 836,552 13,448

TOTAL 200,451 1,230,451 1,214,019 16,432


Finance Headquarters 0 820,000 816,218 3,782

Ghana Revenue Authority 3,350,000 1,020,000 0 1,020,000

Other Governement Obligation-Contingency 0 200,000 199,621 379

Other Governement Obligation-Non Road Arrears 0 165,000,000 119,893,340 45,106,660

Other Governement Obligation-General Government Services 0 280,000 273,372 6,628

TOTAL 3,350,000 167,320,000 121,182,551 46,137,449

110



BUDGET BUDGET



Veterinary Services Dept 500,000 500,000 0 500,000

TOTAL 500,000 500,000 0 500,000

Ministry of Foreign Affairs(MFARI)

Foreign Affairs HQ 0 80,000 73,495 6,505


TOTAL 0 30,000,000 27,813,338 2,186,662

Ministry of Gender, Children and Social(MGCSP)


TOTAL 0 40,000,000 36,000,000 4,000,000


Ghana Health Service 3,525,642 3,525,642 0 3,525,642

Office of the Chief Director 1,200,000 1,200,000 0 1,200,000

Psychiatry Hospitals (Tertiary Health Services) 10,000 10,000 0 10,000

Regulatory Agencies 65,000 65,000 0 65,000


Teaching Hospitals 599,066 599,066 0 599,066

Training Institutions 40,996 40,996 0 40,996

TOTAL 5,677,911 5,677,911 0 5,677,911


Ghana Police Service 1,065,604 1,065,604 0 1,065,604

National Disaster Management Organization 60,000 60,000 0 60,000

TOTAL 1,125,604 1,125,604 0 1,125,604


Gen. Admin and Finance 60,000 60,000 0 60,000

TOTAL 60,000 60,000 0 60,000


Headquarters 150,000 150,000 55,298 94,702

O.A.S.L 1,200 1,200 0 1,200

TOTAL 151,200 151,200 55,298 95,902


Ghana Railway Development Authority 65,852 65,852 17,876 47,976

Other Governement Obligation-General Government Services 0 2,000,000 1,800,000 200,000

TOTAL 65,852 2,065,852 1,817,876 247,976


Community Water & Sanitation Agency 1,047,150 1,047,150 0 1,047,150

Gen. Admin (GA) 212,704 212,704 181,334 31,371

Hydrological Services Department 2,798 2,798 0 2,798

Public Servants Housing Loan Scheme Board 58,921 58,421 0 58,421

Public Works Department 3,500 4,000 3,573 427

TOTAL 1,325,073 1,325,073 184,906 1,140,167

111



BUDGET BUDGET


MMDA 0 900,000 898,845 1,155


Headquarters 9,600 34,600 29,954 4,646

TOTAL 9,600 34,600 29,954 4,646


Office of the National Security 9,500,000 9,475,000 8,466,521 1,008,479

Office of the President 0 20,000,000 18,897,864 1,102,136



Scholarship Secretariat 70,006,250 70,006,250 70,000,000 6,250

Other Governement Obligation-General Government Services 0 4,500,000 4,300,000 200,000

TOTAL 79,506,250 343,981,250 339,163,436 4,817,814


Tax Expenditure 816,355,697 633,132,629 0 633,132,629


TOTAL 893,855,697 691,132,629 0 691,132,629

Parliament of Ghana

Library, Research and Information Services 0 42,000 41,600 400

Parliamentary Committees 1,500,000 1,458,000 106,129 1,351,871

TOTAL 1,500,000 1,500,000 147,728 1,352,272


Subscription 100,012,548 100,012,548 0 100,012,548

Tax Refund 508,120,621 317,223,878 0 317,223,878

TOTAL 608,133,169 417,236,426 0 417,236,426

Grand Total 1,597,991,959 1,707,122,148 529,050,482 1,178,071,667

112

11f. CLASSIFICATION OF EXPENDITUREBY COST CENTRES- NON FINANCIAL ASSET


BUDGET BUDGET


Audit Service(AS)

Finance and Administration 5,260,000 5,260,000 0 5,260,000

TOTAL 5,260,000 5,260,000 0 5,260,000

CHRAJ (CHRAJ)

Anti Corruption Departmen 700,000 700,000 482,419 217,581

TOTAL 700,000 700,000 482,419 217,581


Headquarters 1,500,000 1,500,000 0 1,500,000

TOTAL 1,500,000 1,500,000 0 1,500,000


Gen. Admin 26,022,658 26,022,658 9,906,991 16,115,667

TOTAL 26,022,658 26,022,658 9,906,991 16,115,667


India Kofi Annan Centre of Excellence in IC 79,762 79,762 0 79,762

Gen. Admin 142,634,546 142,634,546 0 142,634,546

Ghana Broadcasting Corporation 13,564,766 13,564,766 0 13,564,766

Ghana Meteorological Agency 3,551,765 3,551,765 0 3,551,765

Information Service Department 191,072 191,072 0 191,072

National Information Technology Agency 54,020 54,020 0 54,020

TOTAL 160,075,931 160,075,931 0 160,075,931


Gen. Admin HQ 239,759 239,759 58,465 181,294

National House of Chiefs 510,241 510,241 0 510,241

TOTAL 750,000 750,000 58,465 691,535


Gen. Admin 550,000 550,000 0 550,000

Ghana Armed Forces 3,450,000 3,450,000 0 3,450,000

TOTAL 4,000,000 4,000,000 0 4,000,000


Council for Technical & Vocational Education & Training2,221,636 1,476,451 0 1,476,451

Gen. Admin 42,835,322 47,999,972 46,987,290 1,012,682

Ghana Education Service (GES) 23,096,796 21,904,496 599,774 21,304,722

National Service Secretariat 1,145,644 1,145,644 0 1,145,644

Tertiary 195,883,124 4,931,290 343,332 4,587,958

WAEC (National) 1,500,000 1,500,000 0 1,500,000

TOTAL 266,682,522 78,957,852 47,930,396 31,027,457

113



BUDGET BUDGET


Ministry of Employment and Labour (MELR)

Dept. of Co-operatives 136,797 136,797 0 136,797

Dept. of Factories Inspectorate 60,000 60,000 54,951 5,050

Headquarters 48,000 48,000 47,788 212

Integrated Cummunity Centeres For Employable Skill 164,928 164,928 9,660 155,268

Labour Department 178,988 178,988 0 178,988

Management Development & Productivity Institute (M 250,000 250,000 0 250,000

National Pension & Regulatory Authority 2,161,286 1,981,286 0 1,981,286

Youth Employment Authority 0 180,000 167,436 12,564

TOTAL 3,000,000 3,000,000 279,834 2,720,166


Headquarters. 131,000,000 92,711,060 89,885,455 2,825,604



TOTAL 131,000,000 216,711,060 211,884,124 4,826,935


MESTI Headquaters 6,268,071 6,268,071 1,198,758 5,069,313

Council for Scientific and Industrial Research (C. 562,460 562,460 0 562,460

Environmental Protection Agency 23,271,390 23,271,390 0 23,271,390

Ghana Atomic Energy Commission (G.A.E.C) 3,964,104 3,964,104 0 3,964,104

Headquaters 250,000 250,000 0 250,000

School of Nuclear and Allied Sciences 727,458 727,458 0 727,458

Town and Country Planning Department (T.C.P.D) 100,000 100,000 0 100,000

TOTAL 35,143,483 35,143,483 1,198,758 33,944,725


Controller and Acct. General's Dept. 13,190,961 13,190,961 346,907 12,844,054

Finance Headquarters 5,033,788 5,033,788 1,960,005 3,073,783

Financial Intelligence Centre 1,000,000 1,000,000 300,000 700,000

Ghana Revenue Authority 10,440,537 10,240,537 0 10,240,537

Institute of Accountancy Training 50,000 50,000 0 50,000



Other Governement Obligation-Road Arrears 0 350,000,000 337,962,382 12,037,618

Public Procurement Authority 60,000 60,000 0 60,000

Securities and Exchange Commission 525,340 525,340 0 525,340

Statistical Service 5,224,714 5,224,714 0 5,224,714

TOTAL 35,525,340 455,525,340 405,770,897 49,754,443

114



BUDGET BUDGET


Ministry of Fisheries and Aquaculture(MoFAD)

Anumabo Fisheries College 1,728,566 1,454,981 1,368,233 86,747

Fisheries Scientific Survey Division 7,000,000 200,000 0 200,000

General Administration 14,245,744 588,666 350,000 238,666

General Administration and Operations 5,398,325 1,046,334 64,575 981,759

Inland and Acquaculture Management Division 6,212,448 212,448 0 212,448

TOTAL 34,585,083 3,502,428 1,782,808 1,719,620


Agric. Engineering Services Dept. 6,500,000 4,096,333 0 4,096,333

Finance and Administration 500,000 7,500,000 7,097,231 402,769

Ghana Irrigation Development Authority 13,253,704 18,836,681 18,798,747 37,934

Grains and Legumes Dev. Board 58,540 58,540 0 58,540


Policy Planning Monitoring and Evaluation 36,089,150 3,589,150 0 3,589,150

Regional Agric Development Unit 600,000 600,000 0 600,000

Veterinary Services Dept 4,057,146 2,794,234 0 2,794,234

Veterinary Services Dept. (Central Administration) 111,795 111,795 0 111,795

TOTAL 61,170,335 53,086,733 41,128,399 11,958,333

Ministry of Foreign Affairs and Reg. (MFARI)

Foreign Affairs HQ 49,375,587 49,375,587 3,008,702 46,366,885

TOTAL 49,375,587 49,375,587 3,008,702 46,366,885

Ministry of Gender, Children (MGCSP)

Department of Children 40,621 40,621 0 40,621

Department of Women 345,444 345,444 0 345,444

Dept. of Social Welfare General Administration, Budget and Planning28,049 28,049 0 28,049

Headquarters 85,886 85,886 0 85,886

TOTAL 500,000 500,000 0 500,000


Allied Health Professions Council 230,000 230,000 0 230,000

Christian Health Association of Ghana 2,415,000 2,415,000 0 2,415,000

Ghana Health Service 14,681,953 8,340,468 282,909 8,057,559

Health Headquarters 30,010,047 21,041,313 10,966,655 10,074,658

Psychiatry Hospitals (Tertiary Health Services) 99,600 99,600 0 99,600

Regulatory Agencies 29,095,932 29,095,932 0 29,095,932


Teaching Hospitals 29,297,920 29,297,920 0 29,297,920

Training Institutions 21,448,750 21,448,750 0 21,448,750

TOTAL 127,562,503 112,252,283 11,249,564 101,002,719

115



BUDGET BUDGET



Ghana Immigration Service 1,467,579 1,467,579 0 1,467,579

Ghana National Fire Service 4,703,118 4,703,118 54,373 4,648,745

Ghana Police Service 863,719 863,719 0 863,719

Ghana Prisons Service 850,000 850,000 0 850,000

Ghana Refugee Board 200,000 200,000 0 200,000

Interior Headquarters 600,000 600,000 376,830 223,170

Nacortic Control Board 200,000 200,000 173,913 26,087

National Commission on Small Arms 200,000 200,000 0 200,000

National Peace Council 200,000 200,000 0 200,000


Other Governement Obligation-General Government Services 0 500,000 401,368 98,632

TOTAL 9,284,416 13,784,416 4,419,898 9,364,518


Attorney General's Department 137,279 137,279 0 137,279

CopyRight Office 55,477 55,477 0 55,477

Council for Law Reporting 82,531 82,531 0 82,531

Economic and Organised Crime Office 253,108 253,108 0 253,108

Gen. Admin and Finance 1,620,308 1,620,308 0 1,620,308

General Legal Council 1,756,530 1,756,530 0 1,756,530

Law Reform Commission 100,000 100,000 0 100,000

Legal Aid Scheme 106,104 106,104 0 106,104

Registrar General's Dep't 2,873,684 2,873,684 211,071 2,662,613

TOTAL 6,985,021 6,985,021 211,071 6,773,950


Forestry Commission 12,581,739 12,581,739 0 12,581,739Geological Survey Department 7,665,556 7,665,556 1,117,725 6,547,831Headquarters 4,223,456 11,590,844 8,437,102 3,153,742

Lands Commission 19,835,073 19,835,073 0 19,835,073Minerals Commission 3,947,200 3,947,200 0 3,947,200

O.A.S.L 9,314,098 9,314,098 0 9,314,098TOTAL 57,567,122 64,934,510 9,554,828 55,379,682Ministry of Local Govt and Rural (MLGRD)

Births and Death 200,000 200,000 0 200,000

Community Development 500,000 500,000 0 500,000

Department of Parks and Gardens 200,000 200,000 0 200,000

Environmental Health & Sanitation 100,000 100,000 0 100,000

Gen. Admin 1,500,000 1,500,000 70,952 1,429,048

Local Government Service 500,000 500,000 0 500,000Other Governement Obligation-Non Road Arrears 0 2,000,000 1,692,705 307,295

TOTAL 3,000,000 5,000,000 1,763,657 3,236,343

116



BUDGET BUDGET



Department of Feeder Roads 160,540,850 141,119,627 2,601,131 138,518,496

Department of Urban Roads 208,175,551 152,766,443 35,867,366 116,899,077

Ghana Highway Authority 287,370,635 206,641,949 46,189,309 160,452,641

Headquarters 129,160,200 34,247,998 0 34,247,998


Other Governement Obligation-Road Arrears 0 70,000,000 68,591,957 1,408,043

TOTAL 785,247,236 854,776,017 394,352,657 460,423,359

Ministry of Tourism, Culture and Creative(MTCCA)

Bureau of Ghana Language 78,883 78,883 39,759 39,124

Finance and Administration 391,103 391,103 28,213 362,890

Ghana Tourist Board 1,358,849 1,358,849 0 1,358,849

Headquarters 69,919 69,919 0 69,919

HOTCATT 21,850 21,850 0 21,850

Subvented Agencies 1,963,449 1,963,449 0 1,963,449

TOTAL 3,884,052 3,884,052 67,972 3,816,081


CEDECOM 303,467 303,467 0 303,467

Gen. Admin 8,500,234 8,500,234 0 8,500,234

Ghana Export Promotion Authority 486,501 486,501 0 486,501

Ghana Standards Board 15,313,490 15,313,490 0 15,313,490

GRATIS 459,882 459,882 153,000 306,882

NBSSI 559,250 559,250 0 559,250

OGO 0 2,000,000 1,837,578 162,422

TOTAL 25,622,824 27,622,824 1,990,578 25,632,247


Headquarters 106,226,986 102,178,482 81,959,998 20,218,484

Driver and Vehicle Licensing Authority 9,652,136 9,652,136 0 9,652,136

Ghana Railway Development Authority 191,359,521 70,197,867 53,171,643 17,026,225


National Road Safety Commission 70,000 70,000 0 70,000

Regional Maritime University 2,000,000 2,613,809 1,982,321 631,489

TOTAL 309,388,643 184,792,295 137,113,962 47,678,333

117



BUDGET BUDGET



Architect Registration Council 38,137 15,223 0 15,223

Community Water & Sanitation Agency 36,238,143 127,000 0 127,000

Department of Rural Housing 161,981 127,508 0 127,508

Engineers Council 29,827 7,045 0 7,045

Gen. Admin (GA) 984,148 247,741 49,000 198,741

Housing 35,516,620 6,409,124 5,043,887 1,365,237

Hydrological Services Department 41,144,697 20,386,343 20,000,000 386,343


Public Works Department 30,952,740 18,400,817 17,805,289 595,527

Rent Control Department 702,045 455,704 81,861 373,844

Ressearch Statistics and Information Management (RSIM)46,382 10,956 0 10,956

State Owned Enterprise 51,977,633 256,412 0 256,412

Water Resources Commission 1,000,000 236,210 0 236,210

TOTAL 198,792,353 96,680,083 92,729,756 3,950,327


Headquarters 2,000,000 2,000,000 0 2,000,000

National Sports Authority 1,500,000 1,500,000 0 1,500,000

National Sports Colleage 200,000 200,000 0 200,000

National Youth Authority 1,300,000 1,300,000 0 1,300,000

TOTAL 5,000,000 5,000,000 0 5,000,000

MMDA 2,000,000 6,000,000 3,298,845 2,701,155

National Commission for Civic Education (NCCE)

Gen. Admin HQ 700,000 700,000 624,439 75,561

TOTAL 700,000 700,000 624,439 75,561

National Development Planning (NDPC)

Headquarters 1,000,000 1,000,000 7,300 992,700

TOTAL 1,000,000 1,000,000 7,300 992,700


Gen. Admin 650,000 650,000 595,000 55,000

TOTAL 650,000 650,000 595,000 55,000


Headquarters 700,000 700,000 609,516 90,484

TOTAL 700,000 700,000 609,516 90,484

118



BUDGET BUDGET



Commissions and Councils 1,000,000 1,000,000 0 1,000,000

Ghana AIDS Commision 280,739 280,739 0 280,739

Ghana Investment Promotion Centre (GIPC) 1,300,170 1,300,170 0 1,300,170

Microfinance and Small Loans Centre (MASLOC) 10,000,000 10,000,000 10,000,000 0

National Identification Authority (NIA) 928,761 872,568 0 872,568

Office of the National Security 5,200,000 1,200,000 0 1,200,000

Office of the President 4,850,000 15,950,000 15,932,383 17,617



Public Records and Archives Administration Departm 0 2,000,000 1,857,800 142,200

Regional Co-ordination Council 650,000 650,000 141,614 508,386

Scholarship Secretariat 800,000 800,000 0 800,000

TOTAL 25,009,670 88,010,477 75,118,357 12,892,120


Finance and Administration 600,000 600,000 280,564 319,436

General Administration 50,000 50,000 0 50,000

Management Service Division 50,000 50,000 49,982 18

Procurement &Supply Chain Management Dpt 50,000 50,000 49,999 1

Recruitment, Training & Development Directorate 200,004 200,004 0 200,004

TOTAL 950,004 950,004 380,546 569,458


Road Arrears 322,306,373 60,306,373 0 60,306,373

General Government Services 1,281,960,255 1,161,960,255 0 1,161,960,255

TOTAL 1,604,266,628 1,222,266,628 0 1,222,266,628

Parliament of Ghana

Corporate Services 10,000,000 12,811,200 12,549,263 261,937

TOTAL 10,000,000 12,811,200 12,549,263 261,937


Office of the Executive Secretary 450,000 450,000 151,633 298,367

TOTAL 450,000 450,000 151,633 298,367


Contingency 61,548,043 53,736,843 0 53,736,843

Non Road Arrears 523,781,000 116,768,358 0 116,768,358

Road Arrears-MRH 0 5,000,000 4,427,130 572,870

TOTAL 585,329,043 175,505,201 4,427,130 171,078,071

Grand Total 4,578,680,456 3,978,866,084 1,474,647,766 2,504,218,318

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SUMMARY CLASSIFICATION OF EXPENDITURE BY MMDA FOR THE YEAR 2015COMPENSATION INTEREST NON OTHER GOODS AND GRAND

FINANCIAL ASSETS EXPENDITURE SERVICES TOTAL

MMDA GH¢ GH¢ GH¢ GH¢ GH¢ GH¢

Abura /Asebu/Kwamankese District 0 0 0 0 106,998 106,998

Ada East District 10,578 0 0 0 45,909 56,487

Adentan Municipal 770 0 0 0 39,102 39,872

Agona East District 1,000 0 0 0 13,692 14,692

Agona West Municipal 0 0 0 27,399 25,188 52,587

Ahanta West District 0 0 130,500 0 56,740 187,240

Ajumako/Enyan/Esiam District 0 0 155,015 1,000 26,743 182,758

Akatsi South District 0 0 124,695 0 31,571 156,266

Akyem Mansa District 0 0 0 0 50,871 50,871

Accra MetroPolitan Assembly 56,467 0 1,215,029 133,950 406,411 1,811,858

Ashaiman Municipal 0 0 59,806 0 192,739 252,545

Asikuma/Odobeng/Brakwa District 0 0 12,517 8,900 34,074 55,491

Assin North Municipal 12,690 0 0 99,000 46,388 158,078

Assin South - Nsuaem Kyekyewere 0 0 0 4,800 90,408 95,208

Asunafo North Municipal 750 0 0 0 162,926 163,676

Asutifi District 0 0 0 25,000 58,838 83,838

Atebubu/Amantin 16,094 0 0 0 16,264 32,358

Atiwa District 0 0 0 2,000 3,000 5,000

Atwima Kwanwoma District 0 0 0 0 88,783 88,783

Ayensuano 0 0 0 0 27,060 27,060

Berekum Municipal 0 0 0 0 5,570 5,570

Bosomtwe District 0 0 0 0 2,528 2,528

Cape Coast Metropolitan 0 0 5,080 0 77,270 82,350

Central Tongu District 0 0 0 0 61,448 61,448

Dormaa Central Municipal 0 0 270,876 0 9,409 280,286

Efutu Municipal 0 0 3,240 0 23,966 27,206

Ejura/Sekyedumasi Municipal 1,410,421 0 0 0 51,046 1,461,466

Ekumfi District 0 0 0 0 13,140 13,140

Elmina Municipal 0 0 37,473 0 23,771 61,244

120




Ewutu Senya West District 0 0 0 0 32,612 32,612

Ga Central 17,742 0 15,000 0 6,120 38,862

Ga East Municipal 0 0 0 0 19,961 19,961

Ga South Municipal 0 130,540 0 0 26,377 156,917

Ga West Municipal 36,698 0 0 0 0 36,698

Gomoa East District 0 0 0 30,000 14,307 44,307

Gomoa West District 0 0 0 0 14,982 14,982

Ho Municipal 0 0 0 3,239 29,257 32,496

Hohoe Municipal 0 0 0 0 12,846 12,846

Jaman South District 1,456 0 0 0 203,762 205,218

Jasikan District 96 0 2,771 7,500 42,614 52,982

Ketu North District 4,628,665 0 4,520 0 59,859 4,693,044

Kintampo Municipal 0 0 0 45,000 157,697 202,697

Kintampo South District 0 0 0 0 28,489 28,489

Kpando Municipal 0 0 0 2,600 28,645 31,245

Krachi West District 0 0 28,250 0 20,411 48,661

Kumasi Metropolitan Assembly 0 0 0 1,000 36,935 37,935

Kwahu East District 0 0 12,672 0 46,564 59,236

Kwahu South District 0 0 0 0 878 878

La Nkwantanang 0 0 0 6,131 6,087 12,218

Ledzokuku- Krowor Municipal 41,280 0 0 0 11,150 52,430

Mfantseman West Municipal 0 0 94,263 8,000 29,079 131,342

Nkoranza South District 0 0 25,800 0 91,583 117,383

Nkwanta South District 0 0 0 0 6,215 6,215

North Dayi 0 0 0 0 34,570 34,570

Obuasi Municipal 0 0 0 0 19,149 19,149

Offinso Municipal 0 0 0 0 2,000 2,000

Pru District 0 0 0 0 13,566 13,566

Sekondi-Takoradi Metropolitan 0 0 0 0 58,805 58,805

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Sekyere East District 585 0 0 0 2,682 3,268

Shai-Osudoku District 0 0 0 0 19,686 19,686

Tain District 0 0 128,898 0 48,146 177,045

Tano South District 0 0 0 0 14,136 14,136

Tarkwa-Nsuaem Municipal 0 0 0 0 49,565 49,565

Techiman Municipal 0 0 1,277 305 85,672 87,254

Tema Metropolitan Assembly 0 0 0 0 97,542 97,542

Twifo Ati-Morkwa District 0 0 25,000 0 54,723 79,723

Upper Denkyira East Municipal 6,160 0 0 0 33,630 39,790

West Akim Municipal 2,900 0 0 0 21,403 24,303

Nandom District 3,597 0 0 0 13,516 17,113

Nadowli District 316 0 0 0 28,448 28,764

Lawra District 4,691 0 0 0 66,481 71,172

North Gonja District 14,136 0 0 0 3,188 17,324

West Gonja District 1,703,090 0 0 24,000 15,104 1,742,194

Kassena/Nankana West District 11,715 0 0 0 8,819 20,534

Pusiga District 15,400 0 0 25,000 6,354 46,754

Dafiama Bussie Issa District 3,860 0 0 0 7,319 11,179

Jirapa District 3,600 0 0 14,013 78,720 96,333

Asunafo South District 2,950 0 0 25,000 203,079 231,029

Nkoranza North District 1,408 0 0 100 171,856 173,364

Bongo District 0 0 0 0 32,708 32,708

Talensi District 0 0 0 0 24,870 24,870

Techiman North District 0 0 0 0 54,225 54,225

Banda District 0 0 0 0 18,323 18,323

Dormaa West District 0 0 3,172 0 99,589 102,761

Bawku West District 0 0 0 0 11,449 11,449

Wa Municipal 0 0 0 0 12,455 12,455

Dormaa East District 0 0 0 0 11,130 11,130

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Garu/Tempane District 0 0 0 0 16,828 16,828

Binduri District 0 0 0 0 14,799 14,799

Lambusie Karni District 0 0 0 0 27,483 27,483

Sissala East District 0 0 0 0 127,012 127,012

Sunyani West District 0 0 0 0 3,000 3,000

Bole District 0 0 918,250 0 140,450 1,058,700

Wa west District 0 0 0 404,908 0 404,908

Wassa East District 16,485 0 0 0 36,183 16,485

Bodi District 15,429 0 0 0 6,499 21,928

Amenfi Central 3,333 0 0 0 6,464 9,797

Bibiani/Anhwiaso/Bekwai 0 0 0 0 18,853 18,853

Wassa Amenfi West 0 0 0 0 14,243 14,243

Suaman District-Dadieso 0 0 0 0 8,705 8,705

Bia West 0 0 24,740 0 28,087 52,827

Prestea-Huni Valley 0 0 0 0 17,839 17,839

Wassa Amenfi East 0 0 0 0 18,193 18,193

Sefwi-Wiaso 0 0 0 0 23,281 23,281

Juabeso District 0 0 0 0 29,664 29,664

Grand Total 8,044,362 130,540 3,298,845 898,845 4,678,775 17,051,367

123

SUMMARY CLASSIFICATION OF EXPENDITURE REALLOCATED FROM CENTRALISED VOTE FOR THE YEAR 2015

CONTINGENCY NON ROAD ROAD GENERAL GOVERNMENT LIFELINE CONSUMP. GRAND TOTAL

ARREARS ARREARS SERVICES OF ELECTRICITY

MDAs GH¢ GH¢ GH¢ GH¢ GH¢ GH¢

Audit Service(AS) 0 1,773,820 0 0 0 1,773,820

Electoral Commission 500,000 178,138,999 0 0 0 178,638,999

Ministry of Communications (MoC) 4,778,628 189,509 0 0 0 4,968,137

Ministry of Defence (MoD) 0 14,677,731 0 0 0 14,677,731

Ministry of Education (MOE) 0 8,603,151 0 0 0 8,603,151

Ministry of Employment and Labour Relations (MELR) 0 3,603,914 0 0 0 3,603,914

Ministry of Energy and Petroleum (MENP) 13,590,531 266,406,845 0 0 36,000,000 315,997,376

Ministry of Environment Science, Technology and Innovation (MESTI) 0 9,702,258 0 0 0 9,702,258

Ministry of Finance (MoF) 6,241,850 438,807,153 337,962,382 2,978,637 0 828,313,022

Ministry of Food and Agriculture (MOFA) 27,847,700 23,165,476 0 0 0 51,013,176

Ministry of Foreign Affairs and Regional Integration(MFARI) 0 27,739,843 0 0 0 27,739,843

Ministry of Gender, Children and Social Protection (MGCSP) 0 36,000,000 0 0 0 36,000,000

Ministry of Interior (MINT) 6,960,113 135,634,846 0 32,396,368 0 174,991,327

Ministry of Justice (MoJ) 250,000 0 0 0 0 250,000

Ministry of Local Govt and Rural Development (MLGRD) 1,002,640 76,164,699 0 0 0 77,167,339

Ministry of Roads and Highways 0 241,102,895 68,591,957 0 0 309,694,851

Ministry of Trade and Industry (MoTI) 0 2,646,720 0 1,837,578 0 4,484,297

Ministry of Transport (MRT) 0 32,507,885 0 10,076,494 0 42,584,379

Ministry of Water Resources, Works and Housing (MWRWH) 0 49,749,720 0 0 0 49,749,720

National Commission for Civic Education (NCCE) 0 683,587 0 0 0 683,587

National Development Planning Commission (NDPC) 0 84,150 0 0 0 84,150

Nationl Labour Commission (NLC) 0 46,140 0 0 0 46,140

Office of Government Machinery (OGM) 34,195,592 286,216,428 0 6,578,629 0 326,990,649

Office Of Head of Civil Service (OHCS) 200,000 0 0 0 0 200,000

Grand Total 95,567,054 1,875,968,767 406,554,338 53,867,707 36,000,000 2,467,957,866

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Mission

Statement

The Ghana Audit Service exists

To promote

·

good governance in the areas of transparency,

accountability and probity in the public financial

management system of Ghana

By auditing

·

to recognized international auditing standards, the

management of public resources

And

· reporting to Parliament

consolidated fund.cdr - Ghana Audit Service

Documents

Transcript of consolidated fund.cdr - Ghana Audit Service