A dedicated Compliance Desk within the Ministry of Finance is going to be established to monitor and enforce adherence to the newly upgraded Public Financial Management (PFM) Act, 2025, the Minister of Finance Dr Cassiel Ato Forson, has said.
Dr. Forson stressed the urgent need to tackle fiscal indiscipline, particularly among covered entities that have been awarding contracts without obtaining the legally required commencement certificates.
These practices, he said, have led to serious inefficiencies and budgetary shortfalls.
To curb these issues, a key amendment to the PFM Act now authorizes the Ministry of Finance to issue commencement authorisations, marking a significant shift in fiscal oversight.
The Minister made this announcement during a meeting with the World Bank Africa team, led by Vice President Ousmane Diagana.
The Compliance Desk will also maintain a Compliance League Table, which will publicly rank institutions based on their adherence to financial regulations.
Persistent non-compliance will attract sanctions, the Minister warned, reaffirming the government’s commitment to transparency and accountability in public finance.
“We are determined to ensure that every programme we implement delivers maximum efficiency and impact. This is how we build a disciplined and prosperous Ghana,” he said.
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