Madam Irene Naa Torshie Addo has been nominated as the administrator of the District Assemblies Common Fund (DACF).
The appointment of the former Member of Parliament for Tema West constituency was announced on Tuesday by the Speaker of Parliament Prof. Mike Aaron Oquaye. Naa Torshie Addo who is a lawyer by profession succeeds Kojo Fynn.
The District Assemblies’ Common Fund (DACF) is a pool of resources created under Article 252 of the 1992 constitution of Ghana. The Administrator of the District Assembly Common Fund is the sole Manager of the Fund.
Each year the Administrator prepares the Formula to be used for sharing of the Fund and places it before Parliament for approval. After approval, the Administrator disbursed the Fund to the various District Assemblies based on the approved Formula. The Administrator also checks and monitors the use of the Fund by the District Assemblies, and reports in writing to the Minister of Local Government and Rural Development on how the Assemblies utilize the Fund. The Administrator is also required by law to present an annual report to Parliament on all activities of the Fund during the year.
Source: 3 news.com
