Open and Transparent Tracking of Public Investments (GH0034)
Overview
At-a-Glance
Action Plan: Ghana Action Plan 2021-2023
Action Plan Cycle: 2021
Status:
Institutions
Lead Institution: State Interests and Governance Authority (SIGA)
Support Institution(s): State actors involved Ministry of Finance CSOs, private sector, multilaterals, working groups Centre for Budget Advocacy Institute for Fiscal Studies (IFS) Ghana Anti-Corruption Coalition (GACC), Ghana Integrity Initiative (GII) Institute for Democratic Governance (IDEG),
Policy Areas
Fiscal Openness, Publication of Budget/Fiscal InformationIRM Review
IRM Report: Ghana Results Report 2021-2023
Early Results: No IRM Data
Design i
Verifiable: Yes
Relevant to OGP Values: Yes
Ambition (see definition): Low
Implementation i
Completion: Pending IRM Review
Description
Problem to be addressed Difficulty of tracking all entities in the state ownership portfolio The state has invested the taxpayer’s resources in some 86 entities. Not all were submitting regular reports as required by law. In 2019 SIGA was established to exercise oversight of all these.
The commitment The commitment is for SIGA to publish by December 2022 the register of specified entities in which the state has interest. Publish evaluation reports; Develop code of corporate governance. Contribution of commitment to solving problem ● Commitment will make it difficult for entities in which public resource has been invested to evade public scrutiny and accountability.
Relevance of commitment to OGP values Commitment will change the way in which entities in which the state has invested huge amounts will be held accountable under a new framework.
Additional information
Milestone Activity with a verifiable deliverable Start Date: End Date: Register of entities in which state has interest published by December 2022 Nov. 2021 June 2023 Evaluation reports of public entities published by January 2023 Jan. 2022 June. 2023 Code of corporate governance developed January 2023 Jan.2022 June. 2023
IRM Midterm Status Summary
Action Plan Review
Commitment 7. Open and Transparent Tracking of Public Investments
● Verifiable: Yes
● Does it have an open government lens? Yes
● Potential for results: Modest