Finance Minister Ken Ofori-Atta, Thursday, announced in the full 2019 Budget Statement and Economic Policy an increase in the outlay for the Ministry of Youth and Sports by 33 per cent to GH¢43,795,046.
The allocation to the ministry in the 2018 budget was GH¢32,799,500.
The total expenditure on compensation of employees for the ministry has been estimated at GH¢18, 797,432. In the previous budget, the entire salaries of staff and agencies under the ministry stood at GH¢16,857,786.
As much as GH¢16,574,487, representing ‘Goods and Services’, is to be funded by the Government of Ghana (GoG).
Capital Expenditure (CAPEX) allocation is pegged at GH¢2,635,699. This amount will be used to buy, maintain, or improve the sports ministry’s fixed assets.
Retained Internally Generated Funds sees an increase to GH¢977,428 for the 2019 financial year.
Also, for the first time in three budget statements prepared by the Nana Akufo-Addo-led government, an amount, GH¢4,810,000 of the Sports Ministry’s allocation comes from Development Partner Funds.
Breakdown:
Wages and Salaries: GH¢18, 797,432
Goods and Services: GH¢16,574,487
Capital Expenditure: GH¢2,635,699
Retained IGF: GH¢977,428
Development Partner Funds: GH¢4,810,000
Total Public Funds: GH¢43,795,046
