Ghana Ministry of Finance Introduces Public Financial Management Compliance League Table to Strengthen Accountability

The Ministry of Finance has introduced a new Public Financial Management (PFM) Compliance League Table, a major transparency and accountability initiative aimed at strengthening fiscal discipline and improving the management of public resources across government institutions.

The initiative forms part of the government’s commitments outlined in the 2025 Budget Statement and is designed to provide an objective, evidence-based assessment of how public institutions comply with the Public Financial Management Act, 2016 (Act 921) and its accompanying regulations.

According to the Ministry, the league table will serve as a performance benchmarking tool that measures the extent to which covered entities adhere to established financial rules, procedures, and controls governing the use of public funds.

By systematically ranking institutions based on compliance levels, the Ministry aims to deepen transparency, enhance accountability, and encourage continuous improvement in public financial management practices across all sectors of government.

Officials say the framework is not intended to be punitive alone, but also corrective—helping institutions identify weaknesses and strengthen internal control systems.

The Ministry of Finance noted that the league table highlights institutions with significant compliance gaps, underscoring the need for targeted corrective actions and stronger enforcement measures going forward.

Through its PFM Compliance Division, the Ministry stated that it will engage institutions with low compliance scores to support them in identifying weaknesses in their financial management systems and improving adherence to statutory requirements.

This engagement is expected to include technical assistance, monitoring, and follow-up evaluations aimed at improving overall fiscal discipline within the public sector.

The introduction of the PFM Compliance League Table reflects a broader government push to improve transparency in public expenditure and ensure value for money in the management of national resources.

Authorities believe the publication of compliance rankings will encourage healthy competition among public institutions and promote a culture of accountability and responsible financial stewardship.