Audio By Carbonatix
To facilitate comprehensive reporting and fiscal decentralization, the Controller and Accountant General’s Department will consolidate and expand the gains made from the treasury re-alignment and the Sub-Consolidated Funds Bank Account to cover the management of other public funds including Internally Generated Funds (IGF) and donor funds.
This was announced by the Minister of Finance and Economic Planning, Kwadwo Baah-Wiredu in the 2007 Budget statement presented to Parliament.
He said the Public Procurement Board would implement the Web-based Procurement Planning Software and complete the development of software for procurement planning, recording and management and roll out to all Ministries, Departments and Agencies (MDAs) and Metropolitan, Municipal and District Assemblies (MMDAs).
It would also undertake an assessment of 200 entities to determine their level of compliance with the Public Procurement Act, develop and organize training for 500 procurement entities and intensify consultations with stakeholders on the Domestic Content Bill, which offer incentives to firms operating in Ghana to use a specific percentage of their inputs from domestic sources.
The Minister said to improve Non-Tax Revenue Collection, the Ministry would work with the Bank of Ghana and Commercial Banks to introduce on-site banking, where possible to facilitate the collection of Non-Tax Revenue and Internally Generated Funds (IGFs) at MDA premises
It would also work with the Internal Audit Agency to carry out auditing of IGFs of selected MDAs and MMDAs in order to strengthen their collection mechanisms, improve internal controls and reduce revenue leakages.
Mr Baah-Wiredu said the Ministry would collaborate with the Ministry of Local Government and Rural Development to implement agreed measures to improve the capacity of MMDAs to generate revenue and facilitate the review of obsolete and unrealistic fees and charges by MDAs.
Source:GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Tera Carissa Hodges joins global creatives to discuss cultural sovereignty at AfroCannes 2026
18 minutes -
TCDA CEO leads charge to scale up cashew apple value addition opportunities
26 minutes -
MGL’s May Day Egg market ends in resounding success as crowds turn out for affordable eggs
1 hour -
Energy expert advocates increased private-sector role in power distribution to tackle dumsor
1 hour -
Tony Asare Writes: A clotted artery, by-passes and detours
1 hour -
No road project cancelled under Mahama’s reset agenda — Roads Minister
1 hour -
Mahama praises IGP Yohunu, hails intelligence-led policing at Krobo-Odumase commissioning
1 hour -
“Energy situation is stable” – John Jinapor assures Ghanaians
1 hour -
Ghana Tuna Association reaffirms sustainability commitment on World Tuna Day
1 hour -
Mahama commissions Odumase Krobo Divisional Police HQ, boosts operations with vehicles
2 hours -
Roads Minister urges contractors to stay on site, assures prioritised payments
2 hours -
Suhuyini credits Ameri plant for averting 2024 power crisis in Kumasi
2 hours -
Thirteen killed in Israeli strikes on southern Lebanon, health ministry says
2 hours -
Tano North MP sounds alarm over galamsey devastation, accuses officials of shielding perpetrators
2 hours -
Digital wealth, analog poverty: Why technology isn’t closing the gap
2 hours