Prof. Peter Quartey, Director, Institute of Statistical, Social and Financial Analysis (ISSER)
The Institute of Statistical, Social and Financial Analysis (ISSER) has thrown its weight behind the federal government’s plan to ascertain an Unbiased Worth-for-Cash Workplace to strengthen the oversight of public expenditure and improve accountability.
On the evaluate of the 2025 Price range, ISSER Director Prof. Peter Quartey described the proposal as “lengthy overdue,” citing persistent considerations over contract awards and procurement processes that usually profit hidden pursuits related to these in energy.
“Fairly often, the helpful house owners of state contracts are family members or associates of highly effective folks. A sturdy value-for-money mechanism will assist tackle such points and guarantee Ghanaians get actual worth for each cedi spent,” he emphasised.
The federal government’s price range outlines a raft of public monetary administration reforms, together with auditing and validating arrears, implementing spending ceilings, and amending the procurement legislation to enhance effectivity.
Prof. Quartey welcomed these strikes however careworn that implementation and powerful political will would decide its success.
He additionally proposed the institution of an Unbiased Fiscal Accountability Council to additional bolster fiscal self-discipline, significantly given Ghana’s persistent fiscal deficits and rising debt service prices.
“With curiosity funds consuming over 37% of presidency income, we can not afford inefficient capital investments or misapplied sources. Self-discipline and accountability should information our public monetary administration,” he urged.
Prof. Quartey additional known as for reforms within the tax refund system, which he described as problematic, with 43% of refunds reportedly misapplied.
Streamlining the method and bettering tax schooling, he stated, would improve compliance and equity.
“These reforms are important if the federal government’s formidable price range targets are to be achieved and if public confidence in state establishments is to be restored,” he stated.
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