Financial Management (GH0012)
Overview
At-a-Glance
Action Plan: Ghana Action Plan 2013-2014
Action Plan Cycle: 2013
Status:
Institutions
Lead Institution: NA
Support Institution(s): NA
Policy Areas
Access to Information, Citizenship & Immigration, Open Data, Public Participation, Public Service DeliveryIRM Review
IRM Report: Ghana 2013-2014 End of Term Report, Ghana Progress Report 2013-2014
Early Results: Did Not Change
Design i
Verifiable: Yes
Relevant to OGP Values: No
Ambition (see definition): Low
Implementation i
Description
The Ghana Integrated Financial Management Information System (GIFMIS) is a charter for public financial management that will help achieve the following key objectives:
i. Capture all public finances currently scattered at different units, at the centre and across all local governments
ii. Produce a single unified chart of accounts and budget classification (for budgeting, accounting and reporting) that is compliant with IMF standards
iii. Develop and implement re-engineered business processes that are best practice
iv. Consolidate the reporting of all government finances within the two years (2013 - 2014) that GIFMIS will be completed • Institute twice yearly support and solidarity meetings with Ghana Immigration Service and Ministry of Finance and Economic Planning to track prospects, progress and problems faced in rolling out GIFMIS