The Ministry of Finance, and the Economic Management Team (EMT) have begun the process of preparing for the 2017 budget and economic policy of government, a statement from the Ministry has said.<\/p>\n
\u201cOur focus is to audit the fiscal account and provide a credible basis for economic policy going forward. Our commitment is restore fiscal policy credibility, and transparency as well as policy clarity,\u201d it added.<\/p>\n
According to the statement, Finance Minister, Ken Ofori-Atta\u00a0 has already held bilateral meetings with various ministries, departments and agencies to review their policies and ensure consistency \u00a0with government medium term policy strategy.<\/p>\n
\u201cDuring the review and audit process MDAs submitted unbudgeted projects and commitment of about 7 billion Ghana cedis, which will have to be validated as the budget process continues. We will have a better sense of the numbers before the budget, and have a team assembled to complete our forensic audit to confirm the validity of these expenses and that value for money was obtained at all times,\u201d it said.<\/p>\n
It assured that \u201cgoing forward we will rationalized public expenditure, strengthen contract management, and realign statutory funds to priority projects\u201d.<\/p>\n
\u201cWe are committed to ensuring fiscal discipline and good economic governance, focusing on transparent and accountable use of public resources in accordance with the new public Financial Management Law\u201d.<\/p>\n
–<\/p>\n
Credit: Ministry of Finance<\/p>\n","protected":false},"excerpt":{"rendered":"
The Ministry of Finance, and the Economic Management Team (EMT) have begun the process of preparing for the 2017 budget and economic policy of government, a statement from the Ministry has said. \u201cOur focus is to audit the fiscal account and provide a credible basis for economic policy going forward. Our commitment is restore fiscal […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[121,32,171],"tags":[],"class_list":["post-290741","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-business","category-local-economy"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/290741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=290741"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/290741\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=290741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=290741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=290741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}