• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Finance Minister to Establish Compliance Desk to Enforce New PFM Act

5 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
127
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Finance Minister to Establish Compliance Desk to Enforce New PFM Act

The Minister for Finance Dr. Cassiel Ato Forson has announced the establishment of a dedicated Compliance Desk within the Ministry of Finance to monitor and enforce adherence to the newly upgraded Public Financial Management (PFM) Act, 2025.

This announcement was made during a meeting with the World Bank Africa team, led by Vice President Ousmane Diagana.

The meeting followed the successful National Economic Dialogue, which was held with strong support from the World Bank.

Addressing the gathering, 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 authorizations, marking a significant shift in fiscal oversight.

RelatedPosts

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia

Top 10 African Countries With the Lowest Debt to the IMF in August 2025

Ghana Ranked Among Top 10 Best-Governed African Countries in 2025

More importantly, the Ministry is instituting a Compliance Desk that will track and evaluate whether ministries, departments, and other covered entities comply fully with the new law.

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,” he said. “This is how we build a disciplined and prosperous Ghana.”

Vice President Diagana congratulated the Minister on his recent nomination and praised Ghana’s ongoing fiscal reforms.

He reaffirmed the World Bank’s strong partnership with Ghana, describing the country as a beacon of stability and progress in the region.

The new Compliance Desk is expected to begin operations in the coming weeks.

Tags: Compliance DeskFinance Minister to Establish Compliance Desk to Enforce New PFM ActNew PFM Act

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Cocoa Marketing Company (CMC) Secures Major Win for Ghana at the Annual Cocoa Freight Negotiation Conference in Rouen, France

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on

BoG 2nd Deputy Governor Urges Firms to Move Beyond Tokenism in Promoting Women to Leadership Roles

Market Activity Slows as Prime Index Marginally Edges Higher to 7,340.08 Points

US Open: Sinner Advances as Gauff and Swiatek Struggle

Unemployment Rate Falls to 13.1% but Youth Joblessness Remains Acute, Says GSS

Trending

Agribusiness

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia

August 29, 2025

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia Ethiopia has entered into a partnership with Nigeria’s...

Top 10 African Countries With the Lowest Debt to the IMF in August 2025

August 29, 2025

Ghana Ranked Among Top 10 Best-Governed African Countries in 2025

August 29, 2025

Cocoa Marketing Company (CMC) Secures Major Win for Ghana at the Annual Cocoa Freight Negotiation Conference in Rouen, France

August 29, 2025

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.