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Direct Charge on Consolidated Fund

Mohamed Wehliye, MBS

1,113,810 subscribers

115,618 次观看 • 6 个月前 •via X (Twitter)

新闻政治财经

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Senator Richard Onyonka reveals how Ruto now has access to billions from the Consolidated Fund.

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Deputy Finance Minister Claps Back at Amin Adam! "Did you ever refund the excess amount that wasn’t used for tax refunds back into the Consolidated Fund?" #JoyNews

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Deputy Transport Minister Mkhuleko Hlengwa proposes that the government adds an amount in the price of alcohol that will contribute to the Road Accident Fund levy. He believes adding the direct charge and "hitting the pocket" of alcohol consumers will have an effect on driver behaviour. Watch: #Newzroom405

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We have transferred the sum of Nine Hundred and Eighty-Seven Million, Nine Hundred and Sixty-Five Thousand and Seventy-Three Ghana Cedis (GHS987,965,073.00) from the Consolidated Fund into the District Assembly Common Fund Account, being the first quarter amount due the DACF.

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Blueprint drops Monday 6pm ET on YouTube‼️ Coca-Cola Consolidated | Coca-Cola

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"Me I no dey do go-fund Me, I go send you direct" 😂🔥 -Davido

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Controller of Budget has faulted the Sovereign Wealth Fund Bill (see quoted tweet) on a number of issues: · The Bill is silent on the relationship between the Sovereign Wealth Fund & the Consolidated Fund & therefore the Controller of Budget's Office has no oversight power of withdrawals from the Sovereign Wealth Fund. It presents a grave risk · Regarding the capitation of the Sovereign Wealth Fund, the Controller of Budget wants all proceeds to first be credited into the Consolidated & then be routed to the Sovereign Wealth Fund through Parliamentary appropriation. As it is, the Bill undermines Article 206 of the Constitution · The Sovereign Wealth Fund Board, as constituted in the Bill, is susceptible to executive capture & there is need to amend the Bill & provide for independence non-voting observation to mitigate this risk · The Bill is too broad on investment guard rails. There's need for a Statutory Investment Policy, reviewed once every 3 years, for the Fund that is approved by Parliament. There's also need for an independent advisory committee & performance benchmarking against publicly available targets · The Bill vests withdrawal from the Sovereign Wealth Fund on the Cabinet Secretary. This needs to change & be vested with Parliament & require express approval in writing from the Controller of Budget. There needs to be a Statutory Withdrawal Guide capping annual withdrawals as a proportion of the fund

Controller of Budget has faulted the Sovereign Wealth Fund Bill (see quoted tweet) on a number of issues: · The Bill is silent on the relationship between the Sovereign Wealth Fund & the Consolidated Fund & therefore the Controller of Budget's Office has no oversight power of withdrawals from the Sovereign Wealth Fund. It presents a grave risk · Regarding the capitation of the Sovereign Wealth Fund, the Controller of Budget wants all proceeds to first be credited into the Consolidated & then be routed to the Sovereign Wealth Fund through Parliamentary appropriation. As it is, the Bill undermines Article 206 of the Constitution · The Sovereign Wealth Fund Board, as constituted in the Bill, is susceptible to executive capture & there is need to amend the Bill & provide for independence non-voting observation to mitigate this risk · The Bill is too broad on investment guard rails. There's need for a Statutory Investment Policy, reviewed once every 3 years, for the Fund that is approved by Parliament. There's also need for an independent advisory committee & performance benchmarking against publicly available targets · The Bill vests withdrawal from the Sovereign Wealth Fund on the Cabinet Secretary. This needs to change & be vested with Parliament & require express approval in writing from the Controller of Budget. There needs to be a Statutory Withdrawal Guide capping annual withdrawals as a proportion of the fund

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We all marry from families. We all belong to Uganda. The larger debate is you have used your proximity to Museveni family to access the Consolidated Fund. This gives Ugandans the right to demand for accountability. You've done it for a while. You now can be on your own. Stop it.

We all marry from families. We all belong to Uganda. The larger debate is you have used your proximity to Museveni family to access the Consolidated Fund. This gives Ugandans the right to demand for accountability. You've done it for a while. You now can be on your own. Stop it.

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51,467 次观看 • 1 年前

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