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Parliament approves formula for distributing MMDAs common fund

Parliament on Tuesday approved a new formula proposed by the administrator of the District Assemblies Common Fund for its distribution.

This is in accordance with Section 7A of the District Assembly Common Fund Act 1993 (455).

It, among other things, stipulates that the administrator of the Fund is expected to propose annually to Parliament a formula for sharing the Common Fund to Metropolitan, Municipal and District Assemblies (MMDAs).

The over GH¢1 billion is expected to be shared among 216 MMDAs.


Source: 3news.com|Ghana

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