Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, September 20
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»Finance, Agriculture ministries clash over GH¢1.6bn funding claims
    Finance

    Finance, Agriculture ministries clash over GH¢1.6bn funding claims

    June 5, 20263 Mins Read

    A public disagreement has erupted between the Ministry of Finance and the Ministry of Food and Agriculture (MoFA) over the amount of funding released for agricultural programmes in 2026, with both ministries presenting sharply contrasting accounts of budget execution.

    The dispute was triggered by claims from the Ministry of Finance that it has released more than GH¢1.6 billion to MoFA this year, representing approximately 85 percent of the ministry’s allocation for Goods and Services and Capital Expenditure (CAPEX).

    According to the Finance Ministry, releases for Goods and Services have reached 94.73 percent, while CAPEX disbursements stand at 74.66 percent, evidence, it says, of strong budget implementation.

    The ministry further explained that, with the exception of transfers to the National Food Buffer Stock Company, all requests for funds were initiated by MoFA through the Ghana Integrated Financial Management Information System (GIFMIS) and processed using standard public financial management procedures.

    However, the Ministry of Food and Agriculture has rejected the figures, insisting they do not align with official budget execution documents issued by the Finance Ministry itself.

    MoFA argues that although it received a Commitment Authorization on February 15, 2026, the First and Second Quarter Budget Allotment Letter issued four days later capped the ministry’s expenditure for the first half of the year at GH¢910 million.

    The ministry further contends that the accompanying allotment schedule limited actual spending between January and June to about GH¢453 million, covering compensation, operational expenses and existing contractual obligations.

    According to MoFA, allocations under the approved spending framework included GH¢172.5 million for Farmer Service Centres, GH¢77.3 million for fertiliser and certified seeds, GH¢36.75 million for the Nkokonkitinkiti Programme, GH¢30 million for the National Food Buffer Stock Company, GH¢26.25 million for irrigation infrastructure and GH¢4.5 million for the Feed Ghana Programme.

    The ministry maintains that it has not received any subsequent authorisation or revised allotment from the Finance Ministry that would support claims that more than GH¢1.6 billion has been released.

    Questioning the basis of the Finance Ministry’s figures, MoFA argued that public financial management is governed by officially approved allotments and cash releases rather than public statements.

    It said it has attached commitment authorisation and allotment documents to substantiate its position that expenditure was capped at GH¢910 million for the first half of the year.

    MoFA’s Media Liaison Officer, Samuel Huntor, said the ministry’s position is backed by official records and called for transparency and accuracy in the reporting of public financial data.

    DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

    DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.



    Source link
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin price crash reveals a surprisingly positive future outcome
    Next Article Stock Market Today, June 5: Warner Bros. Discovery Falls on Reports of State Antitrust Challenge to Paramount Deal

    Related Posts

    Finance

    Finance’s Golden Ratio: Rethinking Unit Economics For AI-Powered CFOs

    September 15, 2026
    Finance

    Car finance compensation: What is the latest update with payouts for millions of drivers?

    September 12, 2026
    Finance

    The Future Of Finance Depends On People, Not Just Technology

    September 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    Estate agent reports 2025 York property market success

    February 15, 2025
    Bitcoin

    Bitcoin ATM scams drained millions from Tennesseans in 2025

    September 3, 2026
    Bitcoin

    BlackRock Sees $20.47B Crypto Loss in Q1 2026 Despite Bitcoin Buildup

    April 12, 2026
    What's Hot

    Dow, S&P 500, Nasdaq climb amid strong bank earnings, rate-cut hopes

    October 15, 2025

    Yuexiu Property conclut un accord de financement

    July 11, 2025

    The Silent Power Of Networking: Why Finance Leaders Should Be Seen

    May 8, 2026
    Most Popular

    Climate finance feels the chill as net zero alliances unravel

    November 9, 2025

    Strategy Is Allowing Selective Bitcoin Sales To Fund Dividends. JPMorgan Says It Could Add Two-Way Market Pressure.

    July 2, 2026

    Mystery bond buyer clears China developer’s debt at 90% discount

    July 22, 2024
    Editor's Picks

    Crypto Market Update August 16: Bitcoin, Ethereum and XRP Stall Ahead of FOMC Minutes

    August 16, 2026

    HOOD and COIN Stock Price Forecast as Expert Predicts Bitcoin Price Crash to $10k

    February 16, 2026

    Strategy introduces new Bitcoin metrics tied to debt and preferred stock

    July 24, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.