(a) In the 1992 Constitution and the financial laws [Public Financial Management Act 2016 (Act 921)] of Ghana, was introduced to ensure that Public Funds and resources are properly safeguarded and used economically, efficiently effectively and with due propriety. 

Required: Discuss how the systems put in place that are helping to confirm the above position or otherwise.

(b) "It is therefore imperative for the executive to obtain Parliamentary consent, both to raise money (revenue) and to spend it (disbursements)". 

Required: 

Discuss the validity or otherwise of the above statement from the 1992 constitution as far as Public Sector Finance is concern (6 Marks) [Total Marks 16]

Answer rating: 100% (QA)

1 The object of this Act is to regulate the financial management of the public sector within a macro... View the full answer