- 5 Marks
PSAF – July 2023 – L2 – Q5c – Public sector financing initiatives
Outline the sources of income for the District Assembly Common Fund (DACF) and the Petroleum Holding Fund (PHF).
Question
In accordance with Article 175 of the Constitution of the Republic of Ghana, the Public Funds of Ghana consist of the Consolidated Fund, Contingency Fund, and such Other Funds as may be established by or under the authority of an Act of Parliament. Other Funds established by or under the authority of an Act of Parliament include the District Assembly Common Fund (DACF) and the Petroleum Holding Fund (PHF).
Required:
With respect to each fund (DACF and PHF), outline THREE (3) sources of income.
Find Related Questions by Tags, levels, etc.
- Tags: DACF, PHF, Public Finance, Public Funds, Revenue Sources
- Level: Level 2
- Topic: Public sector financing initiatives
- Series: JULY 2023