Tag: PFMA
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PFMA to tame excess borrowing – Economist
Some Economists have told Citi Business News they expect the Public Financial Management Act (PFMA) to restrict government’s future borrowing to specific needs. According to Lecturer at the University of Ghana Business School, Dr. Lord Mensah, this should regulate spending and avoid budget overruns. The comment follows the formulation of regulations to guide the implementation…
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New PFM law won’t solve Ghana’s fiscal challenges – Dr. Bawumia
A former Deputy Governor of the Bank of Ghana and the running mate of the NPP, Dr. Mahamudu Bawumia, has punched holes into the recently passed Public Financial Management Act (PFMA), saying it lacks relevant elements to protect the country’s fiscal regime. According to him, the law is woefully inadequate in promoting accountability and transparency. “Fiscal…