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(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).