Audio By Carbonatix
Parliament has assured its watchdog role will be intensified to stop government from spending beyond the estimates in the 2014 Budget.
The House on Thursday gave approval for the Finance Ministry to spend almost GH¢35 billion from next year.
The green light comes after weeks of scrutinizing the 2014 Budget.
Although many have questioned the measures to keep spending within range and control the nation's public debt, Chairman of Parliament's Finance Committee, James Averji, told Joy Business although Parliament will track government expenditure, if the wage bill is increased for public sector workers, the House might not be able to stop that.
He said salaries for public sector workers and employee compensation presents a "critical" area that must be watched.
He however commended the Ghana Integrated Financial Management Information Systems (GIFMIS) for adequately checking financial management in goods and services, indicating that over-spending is not likely to be experienced in those sectors.
The GIFMIS is also expected to address the issue of poor financial oversight highlighted in various Auditor General’s reports.
Latest Stories
-
Legal Green Association commends government and Edmond Kombat for TOR revival
24 minutes -
Trump hopes to reach phase two of Gaza ceasefire ‘very quickly’
29 minutes -
Bangladesh’s first female prime minister Khaleda Zia dies aged 80
34 minutes -
We’ll prosecute persons who do not surrender illegal arms before Jan 15 – Dr Bonaa
35 minutes -
Col. Festus Aboagye warns against ‘outsourcing’ African security following US airstrikes in Nigeria
53 minutes -
SEC assures investor protection as Virtual Asset Bill comes into force
1 hour -
El Kaabi brace powers Morocco to win; Bafana brave fightback; Egypt top group and Mali reach knockout stage
1 hour -
Ukraine denies drone attack on Putin’s residence
2 hours -
Cedi records year-end rally as diaspora inflows and trade surplus break volatility cycle
2 hours -
31st Night doom prophecies: Be cautious and measured – NPC warns prophets
3 hours -
Nigeria set the pace as Mahrez leads the way after two AFCON 2025 group rounds
4 hours -
Ga West Municipal Assembly shuts down China Mall after building collapse
4 hours -
Beyoncé declared a billionaire by Forbes
5 hours -
Techiman hosts historic launch of GJA Bono East Chapter
5 hours -
Mpox fatalities rise to six as GHS sounds alarm over festive crowds
6 hours
