Back to Latest Briefings
March 23, 2026
AI-Enhanced
GRA, Education Ministry, Korle Bu rank among least compliant in public funds management — PFM League table
Money
Policy
Growth
Key Points
- A Ministry of Finance assessment revealed that several critical public institutions in Ghana, including the Ghana Revenue Authority (GRA), Ministry of Education, and Korle Bu Teaching Hospital, are among the least compliant in managing public funds.
- The Public Financial Management (PFM) Compliance League Table evaluated 101 state institutions, with 19 entities, including the University of Ghana and National Media Commission, placed in the “Least Compliant” category.
- The Finance Ministry highlighted serious compliance gaps that require urgent attention, targeted corrective actions, and stronger enforcement measures.
- The low ranking of the GRA is particularly concerning due to its mandate in mobilizing tax revenue, raising questions about accountability and adherence to fiscal discipline by enforcement bodies.
- The Ministry of Finance plans to engage with low-performing institutions and warned of firm enforcement action against those failing to improve compliance levels with the PFM Act, 2016 (Act 921).
Why This Matters
This report exposes critical weaknesses in financial management across Ghana's public sector, including vital institutions responsible for revenue, education, and health. Poor compliance with PFM regulations undermines fiscal discipline, transparency, and accountability, directly impacting the efficient use of taxpayer money and hindering national development efforts.
Read Full Article
View original sourceRelated Articles
April 9, 2026
Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
- Dr. Dre has officially been placed on Forbes' 2026 World’s Billionaires list.
- His net worth is estimated at $1 billion, largely built through music, production, and the sale of Beats by Dre.
- He is now one of only six musicians on the list, alongside Jay-Z, Beyoncé, Rihanna, Taylor Swift, and Bruce Springsteen.
- Forbes identifies Jay-Z as the world's wealthiest musician with an estimated net worth of $2.8 billion.
- This recognition solidifies Dr. Dre's status as a self-made American billionaire and a major figure in global music and business.
April 8, 2026
AGI commends government’s move to resolve the power crisis in Volta and Oti Regions
- The Association of Ghana Industries (AGI) has commended the government's efforts to resolve the power crisis in the Volta and Oti Regions.
- Plans are underway to rehabilitate transmission lines with higher voltage cables and other machinery to improve power supply.
- This project aims to increase power capacity from GRIDCO to ECG, benefiting clients across the two regions.
- Current power cuts and fluctuations have severely hindered industrial production, particularly impacting small and medium-skilled enterprises.
- AGI hopes the project will be completed within the stipulated one year to ensure stable power for sustained industrial production.
April 7, 2026
Legendary manager Lucescu dies days after resigning
- Legendary Romanian football manager Mircea Lucescu has died at the age of 80.
- He passed away five days after stepping down as Romania's head coach due to illness.
- Lucescu had an extensive managerial career, leading clubs like Inter Milan, Galatasaray, Shakhtar Donetsk, and the Turkish national team.
- The Romanian Football Federation and various clubs paid tribute to him as a brilliant tactician, mentor, and national symbol.
- He also captained Romania at the 1970 World Cup as a player.