In a bid to enhance Ghana’s financial resilience and accountability, the Finance Ministry has launched the Emergency Expenditure Management Guidelines (EEMG) in conjunction with the Audit Recommendations Implementation and Follow-up Instructions (ARI&FIP), focusing keenly on bolstering Public Institutions.
The EEMG, introduced as a solution to the nation’s often inflexible Public Financial Management (PFM) system, is poised to revolutionize the country’s response to public emergencies.
This framework aims to provide an effective and agile mechanism for addressing urgent situations while ensuring the utmost transparency and accountability in the allocation and utilization of resources for public emergency responses.
Its guidelines, crafted based on lessons gleaned from addressing resource management gaps during the COVID-19 pandemic, are set to empower public institutions with the tools needed to manage unforeseen emergencies more effectively.
The Audit Recommendations Implementation and Follow-up Instructions for Public Institutions (ARI&FIP) is also meant to guide public institutions and to provide procedural clarity in the follow-up on the implementation of audit recommendations contained in audit reports.
Delivering the keynote address during the launch, Deputy Finance Minister John Kumah said “this move is in recognition of the need for swift and adaptable financial measures.”
“The EEMG aligns with the tenets of P.A 3 from the Ghana-Resilient Recovery Development Policy Operation (DPO) agreement forged in collaboration with the World Bank,” he added.