- 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).
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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.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
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.
Find Related Questions by Tags, levels, etc.
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