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Question 1: ANSWER ALL QUESTIONS
The provisional estimate for 2022 (Republic of Ghana) shows a breakdown into:
GHS Statutory Payment: 20,397,800
Discretionary Payment: 30,452,655
Required: 50,850,455
Explain and give examples of each of the following terms:
a. Statutory Expenditure/payment
b. Discretionary Expenditure/payment
c. Mention five (5) of the expenditure categories under GIFMIS
d. What are the main control structures used to ensure that Government revenues are properly utilized?
e. List three (3) main sources of revenue to the central government (Consolidated Fund)
Question 2:
The information relates to the Department of Feeder Roads for the first month of 2021.
GHS Jan 1: The warrant for a department for item 2 for the first quarter of 2021 was 120,000
Jan 3: LPO was issued for stationery costing 20,000
Jan 6: Service order was made for the repairs of air conditioners at 8,000
Jan 15: Cleaning contract was made with Chief Cleaners Ltd for 3,000
Jan 20: Eighty percent of the stationery was delivered at an invoice of 17,000
Jan 30: Air conditioner was repaired at an invoice of 7,500
Jan 31: Cleaning bill was the same as agreed
Required: Prepare a vote book for the department for the month of January 2021.