Over 70 public sector entities, which include various Metropolitan, Municipal, and District Assemblies (MMDAs), have adhered to the Public Financial Management (PFM) Commitment Control and Expenditure Management Measures as mandated by the Minister for Finance on May 2, 2025.
This compliance update is a result of the submission of quarterly commitment control review reports to the Internal Audit Agency (IAA), reflecting ongoing efforts to enhance fiscal discipline and improve expenditure efficiency within government institutions.
The guidelines set forth by the Ministry aim to ensure that public entities operate within approved budgetary limits, prevent the buildup of arrears, and promote transparency in the management of public funds.
Among the institutions complying are GoldBod, Tema Oil Refinery, Ghana Enterprise Agency, Public Utilities and Regulatory Commission, Rent Control Department, State Interests and Governance Authority, Venture Capital Trust Fund, and the Department of Parks and Gardens.
Additionally, other compliant entities include NaCCA, the Office of the Head of Civil Service, the Office of the Administrator of Stool Lands, several Ministries, various Colleges of Education, and MMDAs.
This notable compliance rate indicates a growing commitment to principles of fiscal responsibility and improved collaboration between internal auditors and spending officers.
The forthcoming phase is anticipated to focus on enhancing real-time expenditure monitoring, addressing non-compliant entities, and promoting greater accountability throughout the public financial management ecosystem.
This initiative is in line with the government’s broader PFM reform agenda, which aims to solidify achievements in macroeconomic stability, regulate public spending, and bolster the integrity of Ghana’s fiscal management framework.
