The Nana Addo Dankwa Akufo-Addo administration has been hailed by Finance Minister Ken Ofori-Atta as the most accountable and transparent in Ghanaian history.
The Public Financial Management Act, 2016, Act 921, which was passed to control the financial management of the public sector within a macroeconomic and fiscal framework, was credited by the speaker for this achievement.
Strict accounting, auditing, and reporting guidelines for public funds are outlined in the statute.
Presenting the government’s 2024 budget in parliament on Wednesday, Mr. Ofori-Atta stated, “As the First Finance Minister to oversee the implementation of this critical law (Public Financial Management Act, 2016, Act 921), I can confidently say that this Government has been the most transparent and accountable in our history.”
“Over the past seven years, I have laid before this House 55 statutory reports to fulfill the provisions of this law. These include the Annual Report on the Petroleum Funds and the Report on the Utilization of the African Union Levies.”