Finance Minister Dr. Cassiel Ato Forson says the government has paid GH¢24.8 billion to statutory funds since January 2026, describing the payments as timely and made in full to support essential public services.
In a post on X on Wednesday, October 21, Dr. Forson said the disbursements were intended to support schools, healthcare, roads and local development, areas that depend on dedicated public funding to deliver services to citizens.
“We have paid GH¢24.8 billion to statutory funds since January 2026 to support schools, healthcare, roads and local development,” he wrote.
The Finance Minister contrasted the current disbursement arrangement with previous practices, which he said were characterised by delays, capping and accumulated arrears.
“Unlike in the past, when payments were marked by delays, capping and arrears, we now release these funds on time and in full,” he said.
According to Dr. Forson, the timely release of the funds is intended to ensure that the institutions and programmes supported by statutory allocations have the resources needed to carry out their legally assigned responsibilities.
“This ensures statutory funds have the money they need to provide the essential services required by law,” he added.
Statutory funds are established under specific laws to finance designated public purposes. They include funds supporting education, healthcare, road maintenance and local government development.
The Ghana Education Trust Fund (GETFund), for instance, provides financial support for educational infrastructure, scholarships and other educational needs.
The District Assemblies Common Fund (DACF), established under Article 252 of the 1992 Constitution, supports development at the metropolitan, municipal and district levels.
The Road Fund, meanwhile, finances routine and periodic maintenance and rehabilitation of public roads.
The timely transfer of funds to these institutions is important because their allocations are intended to finance specific services and development activities.
