![Minister of Finance, Dr. Ato Forson [M] in a meeting with senior officials of the ministry](https://cdn.ghanaweb.com/imagelib/pics/757/75784019.295.jpg "Minister of Finance, Dr. Ato Forson [M] in a meeting with senior officials of the ministry")
Minister of Finance, Dr. Ato Forson [M] in a meeting with senior officials of the ministry
The Ministry of Finance has established a dedicated Compliance Desk within the Ministry to monitor and enforce adherence to the newly upgraded Public Financial Management (PFM) Act, 2025.
Minister of Finance, Dr. Cassiel Ato Forson, disclosed this during a meeting with the World Bank Africa team, led by Vice President Ousmane Diagana.
The meeting followed the successful National Economic Dialogue, which was held with strong support from the World Bank.
In his remarks, the Minister underscored the need to tackle fiscal indiscipline, particularly among covered entities that have been awarding contracts without obtaining the legally required commencement certificates.
Dr. Forson noted that these practices have led to serious inefficiencies and budgetary shortfalls. To address these challenges, the amendment to the PFM Act now authorises the Ministry of Finance to issue commencement authorisations, marking a significant shift in fiscal oversight.
The Minister explained that the Compliance Desk will not only enforce adherence but will also be accompanied by a Compliance League Table to assess and publicly rank institutions.
He warned that those who consistently refuse to comply will face sanctions.
Dr. Forson also pointed out that the Ministry remains committed to meeting all agreed prior actions and to ensuring efficiency and impact in every programme it undertakes.
Vice President Diagana congratulated the Minister on his recent nomination and praised Ghana’s ongoing fiscal reforms.
He described the country as a beacon of stability and progress in the region, while reaffirming the World Bank’s strong partnership with Ghana.