Finance Minister Ken Ofori-Atta has stated that the government has heard concerns over the efficient use of state resources and would take measures to protect the public purse.
The Minister said the government had demonstrated full commitment to protecting the public purse and using the funds raised through various revenue policies judiciously.
He made the remarks at a press conference he addressed on Monday, December 7, 2021.
According to him, the government has through the budget committed to consolidating our efforts through the use of the Ghana Integrated Financial Management System (GIFMIS) in initiating and processing all requests will be strictly enforced.
Additionally, GIFMIS will be retooled to allow potential contractors and suppliers to verify and confirm availability of funding for Awards of Contract; only items specified in approved MDAs’ Procurement Plans posted on the PPA website can be considered for procurement contracts, he noted.
The system he indicated would ensure that MOUs and agreements that commit the Government of Ghana financially are approved by the Minister for Finance.
The Minister explained that the government is very committed to addressing the challenges we face as a nation and sustaining our recovery from the impact of the pandemic within our fiscal consolidation and debt sustainability.
“We have a very competent team managing the economy and the prospects are bright. I believe that this Budget sets us on a path of irreversible transformation: From dependence on the State to individual enterprise; From generation of job seekers to a generation of job creators; and From a place of inertia and uncertainty to enterprise, innovation, and progress for all.”
By: Rainbowradioonline.com/Ghana
