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Amend the Public Financial Management Act, 2016 (Act 921) to:
1

Establish a Fiscal Council

Feasible

No Bill has been brought before Parliament for consideration

2

Establishment of a Financial Stability Council.

Feasible

No Bill has been brought before Parliament for consideration

3

Enhance revenue management

Feasible

Ongoing

In 2017, the GRA collected GH¢32.4bn as against a target of about GH¢ 34bn, representing 97%. Yet, the Authority (GRA) has been tasked to collect about GH¢39bn as taxes for the 2018 fiscal year.

4

Ensure effective debt management

Feasible

Ongoing

The debt to GDP ratio reduced from 73.1% in 2016 to 69.2% in 2017 & to a provisional figure of 64.4% of GDP at end June 2018.

5

Strengthen expenditure management

Feasible

Ongoing.

At the Mid-year review of the 2018 Annual Budget, the Minister of Finance stated that fiscal performance for Jan-May 2018 showed that both revenue and expenditure were below their respective targets but the shortfall in revenues (GH¢1.43 billion) was much greater than the shortfall in expenditure (GH¢797 million), leading to a fiscal deficit of 2.6 percent of GDP compared to a target of 2.4 percent.

NPP CAMPAIGN PROMISES

The passage of a Fiscal Responsibility Law, to bring comprehensive accountability, transparency and stability to the budget process

Amend the Public Financial Management Act, 2016 (Act 921) to:

To enforce and operationalise the PFMA

Revenue mobilization

The promotion of accountability and effective democracy through local governance

To put in place anti-corruption measures in order to curb the canker: Legislative reforms to tackle corruption

To put in place anti-corruption measures in order to curb the canker: Attitudinal change through public education on anti-corruption

To put in place anti-corruption measures in order to curb the canker: Strengthening the institutions of state that work to curb corruption and ensure accountability

The NPP government will ensure the strict enforcement of the Public Procurement Act, 2003 (Act 663)

The Code of Conduct and Assets Declaration Regime

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