The importance of Fiscal Discipline in Resource Mobilization and Utilization was stressed by the participants of the “Opening Session of the 2022 Annual Internal Audit Conference at the UPS Auditorium, the University of Ghana, under the auspices of H.E. Alhaji Dr. Mahamudu Bawumia, VP of the Republic of Ghana.
The German Ambassador to Ghana, H.E. Ambassador Daniel Krull, emphasized in his speech:
“Germany feels honored to be among the trusted long-term partners of the IAA and sponsors of the event. In times of growing financial challenges and shrinking fiscal space, the role of internal auditors becomes even more important.
I would like to stress the link between resource mobilization and financial discipline in utilizing resources. Governments will not be efficient in trying to raise the tax / GDP ratio without fostering the people`s trust in fiscal discipline.
Regarding resources for local governments, I would like to highlight two aspects:
Firstly, Germany stands ready to continue the DLRev support to the communities if requested by the Government.
Secondly, we note with concern the reported delays of disbursements of the District Assembly Common Fund (DACF) to the MMDAs.
In this light, I wish all participants that this conference will be successful in injecting even more fiscal discipline in resource mobilization and utilization.”
Facts and Figures:
? The Governance for Inclusive Development Program (GovID) financed by the German Government and supported by Swiss cooperation has trained Audit Committee members in MMDAs across the entire country to assume their role as auditors.
? 65 MMDAs have increased their revenues by 66 % on average since the DLRev Software has been implemented by MLGRD and the GovID Program. This has led to a doubling of the overall local revenues since 2015.
Source: Ghana Web
