The Ministry of Finance has introduced a Public Financial Management (PFM) Compliance League Table as part of efforts to strengthen transparency, fiscal discipline, and accountability in the management of public resources.
The initiative, described as a landmark step, fulfills the government’s commitment outlined in the 2025 Budget Statement to publish an objective and evidence-based assessment of how public institutions comply with the Public Financial Management Act, 2016 (Act 921), its regulations, and related laws.
According to the Ministry, the League Table serves as a performance benchmarking tool that measures how well public institutions adhere to established rules and procedures governing the use of public funds.
By ranking institutions based on their compliance levels, the Ministry aims to promote transparency and encourage continuous improvement across the public sector. The ranking also highlights institutions with significant compliance gaps, signaling the need for corrective measures and stricter enforcement.
The Ministry emphasized that through its PFM Compliance Division, it will take firm action against persistent non-compliance. Institutions that recorded low compliance scores will be engaged to identify weaknesses in their financial management systems and implement necessary reforms.
Top Performing Institutions
The League Table identified several institutions as highly compliant, including the Environmental Protection Authority, Tema Oil Refinery, Ministry of Energy and Green Transition, Ghana National Petroleum Corporation, Ministry of Finance, Ghana AIDS Commission, and the Petroleum Hub Development Corporation.
Institutions categorized as compliant include the Cocoa Marketing Company and the Petroleum Commission.
The Ministry noted that the League Table will be used as a continuous monitoring tool to ensure improved compliance and better management of public finances across all covered entities.
Officials believe the initiative will not only enhance public trust but also reinforce prudent financial governance in Ghana’s public sector.
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