A Compliance Desk within the Finance Ministry to monitor and enforce adherence to the newly upgraded Public Financial Management (PFM) Act, 2025, has been established by the Minister for Finance, Dr. Cassiel Ato Forson.

This initiative is designed to address fiscal indiscipline and ensure effective implementation of the upgraded regulations.

Dr. Forson made this announcement during a meeting with the World Bank Africa team, led by Vice President Ousmane Diagana, following the successful National Economic Dialogue, which received strong support from the World Bank.

The Minister emphasized the need to tackle fiscal inefficiencies, particularly among entities awarding contracts without obtaining the necessary commencement certificates, a practice that has resulted in budgetary shortfalls.

A key amendment to the PFM Act now grants the Ministry of Finance the authority to issue commencement authorisations, signaling a shift in fiscal oversight.

To further enhance compliance, the Ministry has established the Compliance Desk, which will monitor and evaluate whether ministries, departments, and other covered entities fully adhere to the new law. The desk will also maintain a Compliance League Table to publicly rank institutions based on their financial regulation adherence.

Dr. Forson warned that persistent non-compliance would result in sanctions, 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 stated. “This is how we build a disciplined and prosperous Ghana.”