PFM League Table: National Communications Authority Ranked the Least Compliant SOE to PFM Act
The Ministry of Finance has identified 19 state-owned enterprises (SOEs) as the least compliant with the Public Financial Management (PFM) Act, based on its latest PFM Compliance League Table.
Topping the list of the weakest-performing entities is the National Communications Authority (NCA), followed by the National Disaster Management Organisation (NADMO) and the Ghana National Fire Service.
Other institutions cited among the least compliant include the Ghana Revenue Authority (GRA), the Minerals Income Investment Fund (MIIF), and the Financial Intelligence Centre (FIC), among others.
According to the Ministry, it will, through its PFM Compliance Division and in line with its statutory mandate, take decisive measures to address persistent non-compliance. The Ministry indicated that it will engage the affected entities to help them identify and resolve gaps within their PFM compliance systems.
The Ministry noted that the ranking framework is intended to strengthen transparency and accountability, while driving improvements in how public institutions manage and utilise public resources. It added that the league table draws attention to entities with significant compliance deficiencies, highlighting the need for targeted reforms and stricter enforcement.
The PFM Compliance League Table also fulfils the government’s commitment under the 2025 Budget Statement to publish a data-driven and objective assessment of compliance with the PFM Act, 2016 (Act 921), its regulations, and related legal frameworks.
It further serves as a benchmarking tool for measuring adherence to established rules and procedures governing the management of public funds across state institutions.
