Question 1 The following are the balances extracted from the Public Accounts on the Consolidated Fund of the Government of Ghana for the year ended 31 December, 2020 GHS’ Million Direct Tax 100,000 Indirect Tax 150,000 Grants from Bilateral Partners 25,000 Grants from Multilateral Partners 320,000 Other Grants Received 10,
Question 1
The following are the balances extracted from the Public Accounts on the Consolidated Fund of the Government of Ghana for the year ended 31 December, 2020
|
|
GHS’ Million |
|
Direct Tax |
100,000 |
|
Indirect Tax |
150,000 |
|
Grants from Bilateral Partners |
25,000 |
|
Grants from Multilateral Partners |
320,000 |
|
Other Grants Received |
10,000 |
|
Royalties |
8,000 |
|
Fees and Fines |
2,000 |
|
Interest Income |
400 |
|
Seminar and Training |
22,000 |
|
Local Consultancy |
34,000 |
|
Foreign Consultancy |
23,000 |
|
Travel and Transport |
6,000 |
|
Travel Allowances |
56,000 |
|
Established Post Salaries |
220,000 |
|
Non –Established Post |
80,000 |
|
End of Service Benefits |
120,000 |
|
Car Maintenance Allowances |
40,000 |
|
Other Staff Costs |
12,000 |
|
Cleaning Costs |
3,000 |
|
Office Consumables |
5,000 |
|
Subsidies |
10,000 |
|
|
35,000 |
|
Grants to Local Government |
60,000 |
|
Property Plant and Equipment at Cost |
400,000 |
|
Accumulated Consumption of PPEs |
45,000 |
|
Investments |
80,000 |
|
Loans and advances |
20,000 |
|
Cash and equivalent |
36,000 |
|
Other expenditures |
15,000 |
|
Domestic Debt |
180,000 |
|
External Debt |
320,000 |
|
Interest Expense |
40,000 |
|
Accumulated Fund (CR) |
156,000 |
Additional Information
Required:
Prepare in compliance to the IPSAS and the Public
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