Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, August 29
    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

    How Finance Teams Should Use The Time AI Gives Back

    August 28, 2026
    Finance

    The Reasons Finance Transformation Projects Still Fail In 2026

    August 26, 2026
    Finance

    How Finance Leaders Can Build Stronger Stakeholder Trust

    August 25, 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
    Stock Market

    Sensex Today | Stock Market LIVE Updates: Nifty trade around 24,900, HCL, Infosys shares fall; IT index down

    May 15, 2025
    Property

    Would you go to a virtual rave? New film about acid house party movement begins UK tour | UK News

    July 20, 2024
    Bitcoin

    LE POINT CRYPTOS : Le bitcoin en hausse après le vote du Sénat américain sur les baisses d’impôt

    July 2, 2025
    What's Hot

    U.S. and China reach comprehensive economic and trade agreement lowering tariffs

    May 12, 2025

    Barriers to finance decline for SMEs in NI — but cash flow issues persist, report finds

    January 27, 2026

    Planting Seeds:  New Standard Convertible Note Could Disrupt Angel Investing | Farrell Fritz, P.C.

    August 12, 2024
    Most Popular

    Bitcoin price slips after Trump hikes worldwide tariff to 15% from 10% despite Supreme Court decision

    February 21, 2026

    Addoha Côte d’Ivoire : Un nouveau projet de 5.600 logements sociaux financé par la SFI

    March 11, 2025

    Why Bitcoin Just Bounced Back to $70K: Key Factors Behind the Move

    March 13, 2026
    Editor's Picks

    70% surge in complaints about financial products recorded by ombudsman

    August 29, 2024

    Bitcoin breaches $86,000 while sinking toward year’s lows

    December 15, 2025

    Anglo American shrinks trading unit as part of major restructuring

    July 22, 2024
    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.