I propose the creation of a secure software system for meticulous record-keeping, featuring a national centralized database where all transactions automatically populate.
This system should include approved financial budgets and Ministry of Finance reports, ensuring non-interference during accountability assessments.
In the context of transitional governance, there should be a robust financial accountability report for each policy/initiative introduced and funded by taxpayers.
The Auditor General must be integral to this process, providing auditing reports for all ministries to enhance accountability and prevent excuses or blame games, particularly regarding the national financial status, including borrowed funds and foreign aid.
Policy debates often overlook the crucial financial aspects, leading to challenges when leadership is entrusted. It's crucial to recognize that manifestos aren't governing tools; instead, the undisclosed tool for African governance, such as IMF conditionalities, significantly influences these visions.
Often, we engage in debates and discussions about the policies/initiatives presented by political party flagbearers without inquiring about the financial framework for their execution. This lack of attention to financing details contributes to significant challenges when leadership assumes power, leading the nation into a precarious situation.
It's crucial to emphasize that manifestos don't serve as governing tools. Rather, the undisclosed tool for African governance, represented by IMF conditionalities, plays a pivotal role in aligning these visions.
The author, Nana Kweku Ofori Atta is a Security Consultant
Latest Stories
-
CAFCC: USM Alger file appeal at CAS to contest CAF’s decisions on RS Berkane jersey
38 mins -
Deloitte Ghana wins Africa ESG Company of the Year 2024
2 hours -
Medical Laboratory Professionals threaten to strike over conditions of service
4 hours -
Residents of Anloga, Keta express frustration over ECG billing
5 hours -
I don’t believe in praying in tongues – Strongman
5 hours -
‘After The floods’: VRA and GMet clash over cause of Akosombo Dam spillage disaster
5 hours -
‘After The Floods’: Victims suffer harsh conditions 6 months after Akosombo dam disaster
5 hours -
Akufo-Addo to unveil Otumfuo commemorative stamp
6 hours -
EduSpots distributes over 100 tablets and laptops to 30 community-led education spaces
6 hours -
Taxation is driving away investors – FABAG General Secretary
6 hours -
Effutu MP commissions office for Hepatitis B; absorbs cost of testing, vaccination and management
6 hours -
Bawumia pushes for land digitisation to tackle land guard menace
7 hours -
Faith-based institutions are instrumental in national development – Bawumia
7 hours -
Upholding the Integrity of Presidential Promises: A call to Ghanaian leaders
7 hours -
I don’t start ‘beefs’; I only reply – Strongman refutes claims
7 hours