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, 2019

Additional Information i) It is the policy of government to charge consumption of fixed capital on cost. Property plant and equipment is consumed at the rate of 20% per annum ii) Fees amounting to GHS 20,000,000,000 was earned but not received as at 31 December, 2019 iii) Staff allowances of GHS 500,000,000 remained unpaid at the end of the year Required: Prepare in compliance to the IPSAS and the Public Financial Management Act 2016 (Act 921) for the Consolidated Fund Statement of Revenue and Expenditure for the year ended 31 December, 2019 Statement of Financial Position as at 31 December, 2019 Notes to the accounts

	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
	Social Benefit Cost	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