Yes,
Hon Chairman of the Committee?
Chairman of the Committee
(Mr Kennedy O. Nyarko): Mr Speaker, I beg to support the Motion and in doing so, I present your Committee's Report:
1.0 Introduction
1.1 In accordance with article 1
1.2 The Committee, consequently met with the Hon. Deputy Minister for Railway Development, Mr. Kwaku Asante-Boateng, the Chief Director, Head of Agencies and Officials of the Ministry on Wednesday, 8th December 2021, and considered the referral. Officials of the Ministry of Finance were in attendance to assist the Committee in its deliberations.
The Committee expresses its appreciation to the Hon. Minister and his team and Officers from the Ministry of Finance for providing the needed clarification.
2.0 Reference Documents
The Committee made reference to the under-listed documents during its deliberations:
The 1992 Constitution of the Republic of Ghana.
The Standing Orders of the Parliament of Ghana.
The Budget Statement and Economic Policy of the Govern- ment of Ghana for the 2021 Financial Year.
The Budget Statement and Economic Policy of the Govern- ment of Ghana for the 2022 Financial Year.
The National Medium-Term Development Framework (NMTDF) for the period 2018- 2021.
The Report of the Committee on Roads and Transport on the 2021 Annual Budget Estimates of the Ministry of Railway Development.
3.0 Implementing Agencies
The following Agencies under
the Ministry are responsible for the implementation of its programmes and activities:
Ghana Railway Development Authority (GRDA); and
Ghana Railway Company Limited (GRCL).
4.0. Mission and Policy Objectives
4.1 Mission
The Ministry's Mission is to
provide leadership and guidance for the development of Ghana's railway system and associated infrastructure through effective policy formulation, investment promotion and research and development.
4.2. Policy Objectives
The objectives of the Ministry
are to:
Modernise and extend railway
network.
Ensure effective and efficient
flow of goods, services and
related information to meet
customer needs.
Develop associated infrastructure.
Review and develop policies that
will enhance well-functioning
and self-financing regulatory
bodies in a competitive environ-
ment.
5.0. Financial Performance for
Year 2021
The Ministry of Railway
Development in the 2021 fiscal year
was allocated a total amount of
GH¢512,575,692.00 for its prog-
rammes and activities.
As at September 2021, a total
amount of GH¢267,872,822.50
representing 52.26 per cent of the
Ministry's approved budget had been
expended. Table 1 below gives the
breakdown of the expenditure.
Table 1
Breakdown of Expenditure for Year 2021
CLASSIFICATION 2021 RELEASES ACTUALS VARIANCE %
GH¢ GH¢ GH¢ GH¢
Compensation GOG 3,759,944.00 2,285,158.96 2,285,158.96 1,474,785.04 39.22
Goods & GOG 11,879,665.00 7,702,319.47 6,738,826.51 4,177,345.53 35.16
Services
IGF 1,284,000.00 964,000.00 953,924.73 320,000.00 24.92
CAPEX GOG 6,943,815.00 6,943,815.00 5,595,816.88
ABFA 120,000.000.00 90.000,000.00 69,734,670.84 30,000,000.00 25.00
IGF 300,000.00 300,000.00 134,456.38
DEVT. 368,408,268.00 182,429,968.20 182,429,968.20
185,978,299.8
0
50.48