ACCOUNTABILITY IS KEY TO GHANA’S DEVELOPMENT, SAYS PRESIDENT

ACCRA, President Nana Addo Dankwa Akufo-Addo has stressed that public officers in Ghana must be accountable for their decisions, actions, inactions and general behaviour in the use of public resources because accountability is important if the country is to make progress in its developmental efforts.

In this connection, monitoring, supervision and evaluation mechanisms should be strengthened in all public institutionsto ensure that public office holders were monitored, supervised and well evaluated on their performance and the use of resources for accountability of their stewardship, he added.

In a speech read on his behalf by Senior Minister Yaw Osafo-Marfo at the opening of the Annual Internal Audit Conference here Wednesday, the president said Ghana must change the fundamentals of its economy and also change attitudes towards management of public resources.

The conference is being organized by the Internal Audit Agency (IAA) in collaboration with the government to provide a platform for deliberations and discussions by managers and other stakeholders of public institutions to craft a roadmap to address challenges as well as find solutions to problems in efforts to safeguard national resources.

The two-day event is being held under the theme, Safeguarding National Resources through Effective Public Financial Management and is being attended by managers from both public and private institutions across the country.

Without an efficient public financial management system that is anchored on fiscal discipline, effective allocation and utilization of resources and efficient service delivery, our efforts to develop this nation will elude us,” the president said.

Sound financial management systems lead to better control and management of public resources and government attaches high priority to improving financial management practices in the public sector. Our commitment to this is reflected in the number of programmes and reform initiatives that have been put in place towards the stabilization and the ultimate acceleration of the economy.

Source: NAM NEWS NETWORK

   

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