overruns especially in a manner that endangers national fiscal stability. Gradually, it is becoming incumbent on government to set limits for budget deficits and government borrowing. makes What is the commitment? The commitment will ensure the government available to the public information on fiscal deficits, borrowing and debt management; government’s establish an independent body to advice government on issues of fiscal responsibility; and, improve reporting on budget implementation by incorporating non-financial information. How will the commitment The commitment will enable citizens to know how the contribute to solve the public national debt is being managed. An independent body (a problem? Fiscal Council) can advise government on issues of fiscal responsibility. Citizens will not only have access to financial information on budget implementation but also information. By having detailed information on budget implementation, citizens can engage meaningfully on issues regarding budgets. Why is this commitment relevant By providing key information on budget implementation, to OGP values? this commitment will help improve quality of the information disclosed as well as creating opportunities for the public to influence fiscal policy decisions. Milestone Activity with a verifiable deliverable Start Date: End Date: MOF to develop regulations for the new PFM Act. August November 2018 2017 MOF to facilitate the building of national consensus on the need August November to amend the new PFM Act to set limits for budget deficits and 2018 2017 government borrowing. The Executive to establish Independent Fiscal Council. September November 2018 2017 MOF to publish pre-budget statements. September November 2018 2017
overruns especially in a manner that endangers national fiscal stability. Gradually, it is becoming incumbent on government to set limits for budget deficits and government borrowing. What is the commitment? The commitment will ensure the government makes available to the public information on fiscal deficits, government’s borrowing and debt management; establish an independent body to advice government on issues of fiscal responsibility; and, improve reporting on budget implementation by incorporating non-financial information. How will the commitment contribute to solve the public problem? The commitment will enable citizens to know how the national debt is being managed. An independent body (a Fiscal Council) can advise government on issues of fiscal responsibility. Citizens will not only have access to financial information on budget implementation but also information. By having detailed information on budget implementation, citizens can engage meaningfully on issues regarding budgets. Why is this commitment relevant to OGP values? By providing key information on budget implementation, this commitment will help improve quality of the information disclosed as well as creating opportunities for the public to influence fiscal policy decisions. Milestone Activity with a verifiable deliverable Start Date: End Date: MOF to develop regulations for the new PFM Act. November 2017 August 2018 MOF to facilitate the building of national consensus on the need to amend the new PFM Act to set limits for budget deficits and government borrowing. November 2017 August 2018 The Executive to establish Independent Fiscal Council. November 2017 September 2018 MOF to publish pre-budget statements. November 2017 September 2018
Ghana_Action-Plan_2017-2019.docx