{"id":74310,"date":"2014-12-16T05:36:43","date_gmt":"2014-12-16T05:36:43","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=74310"},"modified":"2014-12-16T05:36:43","modified_gmt":"2014-12-16T05:36:43","slug":"ghanas-public-financial-management-in-permanent-crisis-iea","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/12\/ghanas-public-financial-management-in-permanent-crisis-iea\/","title":{"rendered":"Ghana&#8217;s public financial management in permanent crisis  \u2013 IEA"},"content":{"rendered":"<p style=\"text-align: justify;\">The Institute of Economic Affairs (IEA) has revealed that despite government&#8217;s interventions in fighting corruption in the public sector, the situation still persist.<\/p>\n<p style=\"text-align: justify;\">According to Dr. Michael Ofori-Mensah, a Senior Research Fellow at the IEA, Ghana continues to record identical cases of misappropriation of public funds \u201coften within the same public institutions,\u201d on a year-to-year basis.<\/p>\n<p style=\"text-align: justify;\">[contextly_sidebar id=&#8221;EBGiUQCFZh0jLkoeFIvFclM7HXWSathG&#8221;]\u201cIn some sections of the public sector, a culture of impunity to embezzle has taken grip. It will be apt to describe public financial management as in a state of permanent crisis,\u201d he observed.<\/p>\n<p style=\"text-align: justify;\">He said one of the deep-rooted governance problems Ghana faces is the lack of effective public financial management adding that weak internal controls in public institutions &#8220;accounts for a significant number of financial irregularities.&#8221;<\/p>\n<p style=\"text-align: justify;\">Ghana in recent times has recorded a number of corruption. Some of them include financial malfeasance recorded in the <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/05\/27\/mahama-orders-new-sada-board-to-address-corruption-reports\/\" target=\"_blank\"><strong>Savannah Accelerated Authority<\/strong><\/a> <\/span>(SADA) programme, <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/05\/21\/gyeeda-case-adjourned-to-june-5\/\" target=\"_blank\"><strong>GYEEDA<\/strong><\/a><\/span> and the infamous payment of GH\u00a251 million to businessman Alfred Agbesi Woyome.<\/p>\n<p style=\"text-align: justify;\">But according to Dr. Ofori-Mensah, &#8220;Effective enforcement of remedial measures will require a collective approach &#8211; with Parliament conducting enhanced oversight; the Judiciary taking steps to educate the public on the FAC, as well as ensuring cases which come before the courts are dealt with expeditiously; the Executive providing the Audit Service with adequate resources and also compelling ARICs to fulfill their statutory duties.|<\/p>\n<p style=\"text-align: justify;\">The research fellow however urged government to institute punitive measures to enforce section 30 of the <em>Audit Service Act, <\/em>2000 (Act 584).<\/p>\n<p style=\"text-align: justify;\">\u201cUnder the above section, Audit Report Implementation Committees (ARICs) &#8211; the intra-departmental units in public offices &#8211; are charged with enforcing the Auditor-General\u2019s recommendations.\u201d<\/p>\n<p style=\"text-align: justify;\">He also \u00a0pleaded for the financial and technical capacity of Parliament to be strengthened while calling\u00a0for adequate measures to be put in place to ensure \u201cthe Financial Administrative Courts (FACs) &#8211; established under section 66 (1) of the Financial Administration Act, 2003 (Act 654) &#8211; are utilized.\u201d<\/p>\n<p style=\"text-align: justify;\">The Commissioner of the Commission for Human Rights and Administrative Justice (CHRAJ), Ms Vivian Lauretta Lamptey <span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/12\/03\/first-impressions-cj-finds-chraj-boss-guilty-of-professional-misconduct\/\" target=\"_blank\">is currently being investigated<\/a><\/strong><\/span> by the Attorney General\u2019s Department for spending huge <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/09\/16\/chraj-boss-accused-of-wasting-180000-on-rent\/\" target=\"_blank\"><strong>taxpayers money on hotel bills<\/strong><\/a><\/span> instead of occupying her official residence.<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">By: Godwin Allotey Akweiteh\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Institute of Economic Affairs (IEA) has revealed that despite government&#8217;s interventions in fighting corruption in the public sector, the situation still persist. According to Dr. Michael Ofori-Mensah, a Senior Research Fellow at the IEA, Ghana continues to record identical cases of misappropriation of public funds \u201coften within the same public institutions,\u201d on a year-to-year [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":52436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[38,17],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghana&#039;s public financial management in permanent crisis \u2013 IEA - Citi 97.3 FM - Relevant Radio. 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According to Dr. Michael Ofori-Mensah, a Senior Research Fellow at the IEA, Ghana continues to record identical cases of misappropriation of public funds \u201coften within the same public institutions,\u201d on a year-to-year [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2014\/12\/ghanas-public-financial-management-in-permanent-crisis-iea\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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