Ghana Launches Data-Driven Reforms to Strengthen Public Financial Management
Ghana and its development partners have launched a renewed effort to overhaul the country’s public financial management (PFM) systems, targeting long-standing weaknesses that continue to undermine service delivery, fiscal discipline, and public trust.
The initiative, supported by the World Bank and Switzerland’s State Secretariat for Economic Affairs (SECO), aims to address implementation gaps in budgeting, expenditure control, and accountability frameworks.
Tracy Lain, Practice Manager for Governance Global Practice in Africa West and Central at the World Bank, highlighted the need for reform, citing overly optimistic revenue forecasts, liquidity constraints, and weak enforcement of PFM rules as major challenges.
The program will focus on strengthening the Ghana Integrated Financial Management Information System (GIFMIS), improving state-owned enterprise (SOE) performance, and enhancing local government capacity.
Development partners have urged government agencies to demonstrate strong commitment to sustaining the reforms, which are expected to translate into better schools, health facilities, infrastructure, and services for citizens.
