Geoffrey Kabutey Ocansey, Executive Director of Revenue Mobilization Africa and a prominent financial analyst, has criticized the recently assented Value for Money Office Bill, labeling the new establishment as an unnecessary addition to the state bureaucracy.
Mr. Ocansey argues that the office lacks a clear purpose in a landscape already populated by institutions designed to ensure fiscal accountability.
He challenged the rationale behind the legislation by questioning whether the functions assigned to this new body are not already being performed by existing state agencies.
During an interview on Rainbow Radio 87.5FM’s Nyankonton Mu Nsem, the tax expert warned that the office would inevitably increase the financial burden on taxpayers.
He noted that the government will be required to recruit and remunerate a full staff for roles that are essentially redundant, potentially steering the country toward further economic instability.
While clarifying that he is not merely predicting failure, he cautioned that without careful reconsideration, such decisions could lead to significant fiscal distress.
To illustrate his concerns regarding institutional redundancy, Mr. Ocansey pointed to the Office of the Special Prosecutor, questioning the tangible impact it has achieved relative to its cost.
He suggested that the creation of such bodies often leads to a recursive cycle of oversight, noting that the state might eventually find itself needing to establish an additional audit body specifically to monitor the Value for Money Office.
Mr. Ocansey maintained his firm stance by concluding that the office offers no distinct value to the public.
He characterized the initiative as a potential waste of state resources, reiterating his concern that, unless leadership takes note of these structural overlaps, the new office will ultimately amount to nothing more than a drain on the national coffers.
By: Rainbowradioonline.com/Ghana
