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The Public Financial Management Reform Project (PFMRP)

The Public Financial Management Reform Project (PFMRP) seeks to achieve improvement in budget management, financial control and reporting of the Government of Ghana with the aim of enhancing fiscal discipline, strategic allocation of resources and service delivery efficiency, through strengthened systems and procedures and targeted capacity building.

The PFMRP Has Four Components

Component 1

Enhancing Budget Credibility

Component 2

Public Financial Management Systems and Control

Component 3

Reinforcing Financial Oversight and Accountability

Component 4

PFM Reform Coordination and Change Management

The 4 components above are further divided into eight institutional sub-components covering the key PFM systems as follow:

BudgetMinistry of Finance
IFMISController & Accountant General’s Department
PayrollController & Accountant General’s Department
HRMISPublic Services Commission
ProcurementPublic Procurement Authority
Internal AuditInternal Audit Agency
External AuditGhana Audit Service
Legislative OversightPaliament