The Public Financial Management (PFM) Commitment Control and Expenditure Management Measures, which were published by the Minister for Finance on May 2, 2025, have been complied with by over 70 public sector organizations, including a number of Metropolitan, Municipal, and District Assemblies (MMDAs).
In keeping with initiatives to bolster fiscal restraint and enhance expenditure efficiency throughout government agencies, the compliance update comes after quarterly commitment control review reports are submitted to the Internal Audit Agency (IAA).
The Ministry noted that the measures are intended to reinforce budgetary discipline among public institutions, curb arrears accumulation, and strengthen accountability in public financial management.
GoldBod, Tema Oil Refinery, Ghana Enterprise Agency, Public Utilities and Regulatory Commission, Rent Control Department, State Interests and Governance Authority, Venture Capital Trust Fund, and Department of Parks and Gardens are a few of the organizations.
MMDAs, certain Ministries, some Colleges of Education, the Office of the Head of Civil Service, the Office of the Administrator of Stool Lands, and NaCCA are additional.
Increased commitment to the principles of fiscal responsibility and better collaboration between internal auditors and spending officers are indicated by this high compliance rate.
Increasing responsibility throughout the public financial management ecosystem, addressing non-compliant institutions, and strengthening real-time expenditure monitoring are anticipated to be the main objectives of the upcoming phase.
Officials say the decision fits into government’s sweeping PFM reform efforts, designed to protect recent economic gains, curb excessive spending, and build a more transparent and accountable fiscal system.
