Question Tag: District Assembly Common Fund

Search 500 + past questions and counting.
Professional Bodies Filter
Program Filters
Subject Filters
More
Tags Filter
More
Check Box – Levels
Series Filter
More
Topics Filter
More
  • 5 Marks

PT – July 2023 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of four functions of the District Assembly Common Fund (DACF).

Explain FOUR (4) functions of the District Assembly Common Fund (DACF). (5 marks)

The District Assembly Common Fund (DACF) is designed to ensure the equitable distribution of national resources for development at the local level. Its functions include:

  1. Proposing a Formula for Distribution:
    • The DACF proposes a formula annually for the distribution of the Common Fund, which is subject to approval by Parliament.
  2. Administering and Distributing the Fund:
    • It administers and distributes monies paid into the Common Fund to District Assemblies based on the approved formula.
  3. Reporting Utilization:
    • The DACF reports in writing to the Minister on how the allocations made from the Common Fund have been utilized by the District Assemblies.
  4. Performing Other Functions as Directed by the President:
    • The DACF performs other duties as directed by the President to support local governance and development.
  • 6 Marks

PT – Nov 2020 – L2 – Q1b – Tax Administration

Explains the DACF and lists its functions within the context of decentralization and fiscal responsibility.

Financial responsibility is a core component of decentralization. If local governments are to carry out decentralized functions effectively, they must have an adequate level of revenues either raised locally or transferred from the central government. In Ghana, one medium for intergovernmental fiscal transfers is the District Assembly Common Fund.

Required:
Explain briefly what the District Assembly Common Fund is and state FOUR (4) functions of the District Assembly Common Fund.

The District Assemblies Common Fund (DACF) is a Development Fund designed to ensure a more equitable distribution of national resources for development in every part of the country. The Fund is used to support a wide range of projects and programs geared towards improving the lives of people at the local level. Some areas supported include housing, educational infrastructure, quality education primarily at the basic and secondary levels, primary health care, sanitation management, water, sustainable self-help development communities, maintenance of security, and community policing.

(1 mark)

The Functions of the DACF include the following:

  • To propose a formula annually for the distribution of the Common Fund for approval by Parliament.
  • To administer and distribute monies paid into the Common Fund among the District Assemblies in accordance with the formula approved by Parliament.
  • To report in writing to the Minister on how allocations made from the Common Fund to the District Assemblies have been utilized by the District Assemblies.
  • To perform any other functions that may be directed by the President.

Take control of your business data with insight and in-depth understanding by taking this course. 

Services

Contact Info

  • +233203701923
    +233543919232
  • info@noohrabusiness.com

Get In Touch

Follow us on our social media and get daily updates.

Facebook-f Twitter Linkedin-in Envelope