Several of Ghana’s key public institutions—including the Ghana Revenue Authority, the Ministry of Education, and Korle Bu Teaching Hospital—have been ranked among the least compliant in managing public funds, according to a new assessment by the Ministry of Finance.
The findings, published in the Public Financial Management (PFM) Compliance League Table, evaluated 101 state institutions on how well they adhere to the Public Financial Management Act, 2016 (Act 921), along with related financial regulations.
Out of the institutions assessed, 19 were classified as “Least Compliant” after recording the lowest scores. These include the Financial Intelligence Centre, the National Media Commission, the University of Ghana, the Ghana Commodity Exchange, and the National Food Buffer Stock Company.
In a statement accompanying the report, the Ministry of Finance highlighted serious shortcomings in compliance, stressing the need for urgent intervention. The Ministry noted that the league table reveals significant gaps that require targeted corrective measures and stronger enforcement to ensure adherence to financial regulations.
Particularly notable is the inclusion of the Ghana Revenue Authority in the lowest tier. As the state agency responsible for mobilising tax revenue—the government’s primary source of funding—its ranking is expected to spark debate about accountability and institutional integrity in enforcing fiscal discipline.
The report comes at a time when concerns about public sector efficiency and prudent financial management are intensifying, especially as the government faces mounting pressure to increase domestic revenue and manage expenditure effectively.
To address the issues identified, the Ministry of Finance has announced plans to engage directly with the underperforming institutions. The PFM Compliance Division will lead efforts to implement corrective actions, while the Ministry has warned that stricter enforcement measures will be applied to entities that fail to improve.
Introduced to promote fiscal discipline, transparency, and accountability, the PFM Act, 2016 (Act 921), remains a key framework for managing public finances. However, the latest findings suggest that achieving full compliance across the public sector continues to be a significant challenge.
