PFM League Table: EPA, GNPC, TOR, PHDC, Others Named Top Performers in PFM Compliance Ranking
The Ministry of Finance has identified seven public institutions out of over 100 assessed as demonstrating high compliance with the country’s Public Financial Management (PFM) Act.
The institutions recognised include the Environmental Protection Agency, Tema Oil Refinery, and the Ministry of Energy and Green Transition.
Also listed among the top performers are the Ghana National Petroleum Commission, the Ghana AIDS Commission, the Ministry of Finance and the Petroleum Hub Development Corporation.
These findings were contained in the Public Financial Management Compliance League Table for State-Owned Enterprises (SOEs) published by the Finance Ministry.
Within the rankings, the Environmental Protection Agency emerged as the highest-performing entity among the more than 100 institutions evaluated.
Purpose of the league table
According to the Ministry, the publication of the league table forms part of the government’s pledge in the 2025 Budget Statement to provide an objective and data-driven evaluation of how public institutions adhere to the PFM Act, 2016 (Act 921), its accompanying regulations, and related legal frameworks.
The league table is intended to serve as a benchmarking mechanism, assessing the degree to which public institutions comply with established rules and procedures governing the management and utilisation of public funds.
The Ministry further noted that the initiative represents a significant step toward enhancing transparency and accountability, while promoting fiscal discipline across the public sector.
Lowest-ranked institutions
The report also indicated that about 19 public institutions and SOEs recorded the weakest compliance levels with the PFM Act, with entities such as the Minerals Income Investment Fund, Ghana Commodity Exchange, and the National Peace Council among those ranking low.
Notably, the National Communications Authority was identified as the least compliant institution in the assessment.
The Finance Ministry indicated that it will implement decisive measures to tackle ongoing non-compliance.
It added that it will engage institutions with low scores to support them in addressing gaps within their PFM compliance frameworks.
