(1) Disbursement by the Controller and Accountant-General to a department shall be made directly from the Consolidated Fund into a bank account in the name of the department.
(2) The bank account of a department under sub-regulation (1) shall be used solely in the furtherance of the authorized business of that department.
(3) The responsibility of the Controller and Accountant-General in respect of the bank account under sub-regulation (1) relates only to the legality of the payment.
(4) Payments from the Consolidated Fund shall be classified and lawfully made by the Controller and Accountant General as follows
Class of Payment Legal Authority
(a) Public Moneys
(i) Expenditure
Annual and supplementary estimates
approved by sections 14 and 25 of the
Financial Administration Act, 2003
(ii) Redemption of Debt
Loans Act, 1970 Act 335);
and Article 181 – 182 of the Constitution.
(iii) Government Advances
Section 22 of the Financial Administration
Act 2003, (Act 654) and regulations
made under that Act.
(iv) Government Loans
Various authorities including instruments made
under the Statutory Corporations Act, 1964
(Act 232) and section 23 of the Financial
Administration Act 2003 (Act 654).
(v) Purchase of Securities
Section 21 of the Financial Administration
Act 2003 (Act 654).
(vi) Government Equity Investments
Various authorities, including instruments made
under the Statutory Corporations Act, 1964
(Act 232) and section 24 of the Financial
Administration Act, 2003 (Act 654).
(b) Trust Moneys
(i) Deposits
Article 176 (1)(b) of the Constitution and specific
enactments pertaining to particular kinds of
deposits;
(ii) Special and Trusts Funds
Section 8 of the Financial Administration
Act, 2003 (Act 654) and any enactment
or agreement pertaining to special and
trust funds.
(c) Statutory Expenditure
Article 178(1)(a) of the Constitution and as
provided for under various enactments (e.g.
District Assemblies Common Fund, Pensions,
Ghana Education Trust provided for under
various enactments (e.g. District Assemblies
Common Fund, Pensions, Ghana Education Trust Fund).