The Value for Money Office Bill was presented to parliament by the finance minister.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Minister for Finance, Dr. Cassiel Ato Forson, has laid before parliament the Value for Money Office Bill, describing it as a decisive step to tackle chronic inefficiencies in Ghana’s public financial management system.

Presenting the bill on the floor of the House, Dr. Forson said the proposed legislation is aimed at addressing persistent challenges, including inflated contracts, abandoned projects, cost overruns, and wasteful public expenditure.

According to the minister, the bill seeks to institutionalise a comprehensive value for money framework to ensure that every cedi spent by the government delivers maximum benefit to citizens in terms of economy, efficiency, effectiveness, equity, and sustainability.

Source: newsthemegh.com