The Supplementary Appropriation Act, 2007 Act 747

THE SUPPLEMENTARY APPROPRIATION ACT, 2007 (ACT 747)
ARRANGEMENT OF SECTIONS
Section
1. Supplementary appropriation for the financial year ending on the 31st December, 2006
2. Commencement
1

07 (ACT 747)
ARRANGEMENT OF SECTIONS
Section
1. Supplementary appropriation for the financial year ending on the 31st December, 2006
2. Commencement
1

ACT 747
REPUBLIC OF GHANA
THE SEVEN HUNDRED AND FORTY-SEVENTH
ACT
OF THE PARLIAMENT OF THE REPUBLIC OF GHANA
ENTITLED
THE SUPPLEMENTARY APPROPRIATION ACT, 2007
AN ACT to provide for the withdrawal of sums of money from the Consolidated Fund for
supplementary appropriation to meet government expenditure for the financial year ending on
the 31st December, 2006.
DATE OF ASSENT: 4th January, 2008.
ENACTED by the President and Parliament.
Section 1—Supplementary appropriation for the financial year ending on the 31st December,
2006
Pursuant to article 179 (8) and 179 (9) of the Constitution, an additional sum of (Five Trillion,
Six Hundred and Sixty-three Billion Cedis) 05,663,000,000,000.00 shall be paid out of the
Consolidated Fund for the purposes specified in the Schedule to this Act being the
supplementary estimates laid before Parliament by the Minister responsible for Finance and
approved by Parliament on the 13th day of July, 2006.
Section 2—Commencement
This Act shall be deemed to have come into force on the 13th day of July, 2006.
SCHEDULE
SCHEDULE 1
2006
Orig. Budget
2

, 2006.
Section 2—Commencement
This Act shall be deemed to have come into force on the 13th day of July, 2006.
SCHEDULE
SCHEDULE 1
2006
Orig. Budget
2

Estimate 2006
New Budget
Estimate 2006
Suppl. Budget
Estimate
Total Payments 38,972.9 43,468.2 5,663.0
Statutory Payments
Eternal Debt Service
Principal 1/
Interest13,993.2
4,537.4
3,473.1
1,064.3 13,993.2
4,537.4
3,473.1
1,064.3 0.0
0.0
0.0
0.0
Transfers to Households
Domestic Interest 2,426.8 2,426.8 0.0
District Assemblies Common Fund 1,204.3 1,204.3 0.0
Persons
Gratuities
Social Security
National Health Fund (NHF) 3,340.6
705.9
409.4
711.6
1,513.7 3,340.6
3

705.9
409.4
711.6
1,513.7 0.0
0.0
0.0
0.0
0.0
Education Trust Fund 1,386.3 1,386.3 0.0
Road Fund 1,068.9 1,068.9 0.0
Petroleum-related Fund 28.9 28.9 0.0
Discretionary Payments
Personal Emoluments (MDAs-Item 1)
Administration (MDAS-Item 2)
Service (MDAs-Item 3)
Domestic Investment (Item 4) (Excl. Statutory Funds)
Net Lending
New Loans
Loan Recoveries 24,979.7
9,990.0
2,186.8
808.8
1,684.8
39.5
39.5
0.0 29,475.0
9,990.0
2,233.5
1,234.5
4

(Excl. Statutory Funds)
Net Lending
New Loans
Loan Recoveries 24,979.7
9,990.0
2,186.8
808.8
1,684.8
39.5
39.5
0.0 29,475.0
9,990.0
2,233.5
1,234.5
4

3,681.9
39.5
39.5
0.0 5,663.0
0.0
46.6
425.7
1,997.1
0.0
0.0
0.0
Foreign-financed Investment (Item 4) 6,251.8 8,062.7
Strategic Oil Stocks 145.0 145.0 0.0
VAT refunds 100.0 100.0 0.0
Outstanding Commitments
Roads
Non-roads 347.0
100.0
247.0 347.0
100.0
247.0 0.0
0.0
0.0
Utility Price Subsidies
o’w TOR’s Under-recovery 0.0
0.0 805.0
805.0 805.0
805.0
1,810.0
5

Other Transfers
Safety net for petroleum deregulation
Lifeline consumers of electricity 350.0
250.0
100.0 350.0
250.0
100.0 0.0
0.0
0.0
HIPC-Financed Expenditure 1,822.1 1,822.1 0.0
Divestiture Liabilities 0.0 0.0 0.0
Repayment of Domestic Debt
Banking
Non-bank
o/w Reduction due to HIP-fund debt buyback 1,167.7
0.0
0.0
455.5 0.0
0.0
0.0
455.5 0.0
0.0
0.0
0.0
Redemption of Deferred Interest Payments on Inflation-indexed Bonds 86.2 86.2 0.0
Discrepancy 0.0 577.6 577.7
Date of Gazette Notification: 4th January, 2008.
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