In a bid to deepen fiscal decentralization, the Government of Ghana has over the last decade initiated major public financial management reforms to improve financial management systems in the public sector.
In line with this, the Public Financial Management (PFM) Act 2016, Act 921 was passed to strengthen and implement public financial management reforms at national and sub national levels. The IMCC Secretariat in collaboration with the Ministry of Finance, organized series of sensitization workshops to train Metropolitan, Municipal and District Chief Executives (MMDCEs) and Finance Officers from all 216 Metropolitan, Municipal and District Assemblies (MMDAs) in the country on key provisions of the new PFM Act.
The workshop was officially opened by the Honorable Minister for Local Government and Rural Development, Hajia Alima Mahama, with support from the Deputy Minister for Local Government, Honourable Boateng Agyei. Also present to welcome participants was the Brong Ahafo Regional Minister, Honorable Kweku Asoma Kyeremeh.
The Executive Secretary of the IMCC, Ing. Salifu Mahama gave an overview of the workshop. In his address, the Executive Secretary of IMCC highlighted the importance of the PFM Act 2016, and especially the need for participants to pay attention to the sanctions regime which has been introduced in the law. He urged participants to open their minds and embrace the process with a positive attitude, as the training will enable them to better manage the finances of their respective Assemblies.
The content of the orientation covered eight key functional areas which are presented below:
• Overview of the PFM Act 2016
• Roles and Responsibilities of Principal Account Holders and Spending Officers
• Budget Section
• Local Governance Accounting, Reporting, Audit and Debt Management
• Sanctions Regime
• Composite Budgets – Concepts and Legal background
• Role of MMDCEs in the Composite Budget Process
• The Public Private Partnership (PPP) Policy
The Ministry of Finance and the Inter-Ministerial Coordinating Council on Decentralisation will continue to embark on the dissemination of the PFM Act to the public and relevant units of MMDAs, with special highlights on the introduction of the sanctions regime in the PFM Act, 2016.
At the end of the workshop, participants gave a “VERY GOOD” rating for the orientation. They expressed satisfaction at the content and delivery by the presenters.