DISBURSEMENT ALLOCATION

 

Subject to paragraph (e) of section 7 of the MDF ACT, the moneys received by the Fund from mineral royalty payments made to the Ghana Revenue authority shall be disbursed as follows ;

(a) fifty percent of the moneys shall be allocated to the Office of the Administrator of stool Lands and disbursed as prescribed by law;

(b) twenty percent of the moneys shall be allocated to the Mining Community Development Scheme;

(c) four percent of the moneys shall be allocated to supplement the mining operations of the Ministry;

(d) thirteen percent of the moneys shall be allocated to supplement the mining operations of the Minerals Commission;

(e) eight percent of the moneys shall be allocated to supplement the mining operations of the Geological Survey Authority; and

(f) five percent       of the moneys shall be allocated for research, training and   projects aimed at the promotion of sustainable development through mining of which at least forty percent shall be allocated to the Geological Survey Department.

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