The Finance Minister, Dr Cassiel Ato Forson, has announced that the government will establish a Value for Money Office (VfMO) to strengthen fiscal discipline, enhance accountability, and ensure that every cedi spent delivers tangible results for Ghanaians.
He made this known on Thursday, November 13, when he presented the 2026 Budget Statement and Economic Policy to Parliament.
According to the Minister, although the implementation of public financial management laws has improved compliance, challenges such as inflated project costs, budget overruns, and abandoned projects continue to undermine efficiency.
The new office will serve as an independent statutory body with the legal authority to review, certify, and sanction public spending to prevent waste and ensure value-driven investments.
Dr Forson explained that the establishment of the VfMO represents a shift from “box-ticking” compliance to “outcome accountability,” ensuring that public resources are used efficiently to deliver roads, schools, hospitals, and jobs.
“The Value for Money Office will be Ghana’s permanent guardian of economy, efficiency, effectiveness, equity, and accountability,” he stated.
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