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CHAPTER 13
FINANCE
Part I General
174 TAXATION
(1)
No taxation shall be imposed otherwise than by or under the authority of an Act of Parliament.
(2)
Where an Act, enacted in accordance with clause (1) of this article, confers power on any person or
authority to waive or vary a tax imposed by that Act, the exercise of the power of waiver or variation,
in favour of any person or authority, shall be subject to the prior approval of Parliament by resolution.
(3)
Parliament may by resolution, supported by the votes of not less than two-thirds of all members of
Parliament, exempt the exercise of any power from the provisions of clause (2) of this article.
175 PUBLIC FUNDS OF GHANA
The public funds of Ghana shall be the Consolidated Fund, the Contingency Fund and such other
public funds as may be established by or under the authority of an Act of Parliament.
176 THE CONSOLIDATED FUND
(1)
There shall be paid into the Consolidated Fund, subject to the provisions of this article (a) all revenues or other moneys raised or received for the purposes of, or on behalf of, the
Government; and
(b) any other moneys raised or received in trust for, or on behalf of, the Government,
(2)
The revenues or other moneys referred to in clause (1) of this article shall not include revenues or
other moneys (a) that are payable by or under an Act of Parliament into some other fund established for specific
purposes; or
(b) that may, by or under an Act of Parliament, be retained by the department of government that
received them for the purposes of defraying the expenses of that department.
177 CONTINGENCY FUND
(1)
There shall be paid into the Contingency Fund moneys voted for the purpose by Parliament; and
advances may be made from that Fund which are authorised by the committee responsible for
financial measures in Parliament whenever that committee is satisfied that there has arisen an urgent
or unforeseen need for expenditure for which no other provision exists to meet the need.
(2)
Where an advance is made from the Contingency Fund a supplementary estimate shall be presented
as soon as possible to Parliament for the purpose of replacing the amount so advanced.
Ghana 1992 (rev. 1996)
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