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May 13, 2026
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DACF Administrator pushes for legal timetable for Common Fund releases
Money
Policy
Opportunity
Growth
Key Points
- The DACF Administrator calls for a statutory timetable, backed by law, for the release of the Common Fund to prevent delays.
- Delays in fund disbursement are reported to stall district development projects, forcing rushed and poor-quality work.
- A proposed solution involves legally mandating quarterly fund releases, with a percentage automatically set aside from GRA collections.
- The DACF plans to shift development planning from district-based to electoral area-focused distribution, using data from the Electoral Commission for equitable development, especially in deprived regions.
- The Fund aims to increase private grant funding to 15% by 2028 and strengthen partnerships with development finance institutions.
Why This Matters
This matters significantly for Ghana as consistent and timely disbursement of the District Assemblies Common Fund is vital for effective local governance and grassroots development. The proposed legal framework and planning shifts aim to address chronic delays, improve project quality, reduce regional disparities, and ensure more equitable and impactful socio-economic progress across all districts, particularly in underserved areas.
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- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
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Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
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