{"id":416757,"date":"2017-09-10T07:57:14","date_gmt":"2017-09-10T07:57:14","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/09\/10\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\/"},"modified":"2017-09-10T07:57:14","modified_gmt":"2017-09-10T07:57:14","slug":"finance-minister-cautions-mmdas-against-entering-into-liability-agreements","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/09\/10\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\/","title":{"rendered":"Finance Minister cautions MMDAs against entering into liability agreements"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Metropolitan, Municipal and District\u00a0Assemblies\u00a0(MMDAs) have been cautioned to desist from entering into financial agreements that would bind them for more than a year and create liability for\u00a0government.<\/p>\n<p>Ken Ofori-Atta, the Minister of Finance, said those agreements, without prior written approval from the Minister of Local Government and Rural Development, may result in a contingent liability on the Central Government.<\/p>\n<p>This was in a speech read on his behalf at the Composite Budget Hearing of the Agona West Municipal Assembly at Agona Swedru in the Central\u00a0region.<\/p>\n<p><!-- \/1002554\/Myjoyonline.com_InArticle_300x250 --><\/p>\n<p>Mr\u00a0Ofori-Atta said the Government would not tolerate inefficiencies and waste in spending, adding that there would be strict enforcement of all relevant financial laws and regulations.<\/p>\n<p>He said the new Public Financial Management Act 2016 (Act 921) mandates MMDAs to, among other things, take measures to address all infractions reported by the Auditor General.<\/p>\n<p>He expressed the hope that they would support efforts of the Government to control huge wage bills and free up more resources for infrastructural development and improve service delivery.<\/p>\n<p>The Finance Minister stated that the support of both political and administrative leadership at the local level was needed, particularly relating to recruitment, replacement and elimination of ghost names.<\/p>\n<p>He said as part of efforts towards ensuring a more credible Composite Budget for 2018, the Ministry of Finance had forwarded a template to all MMDAs to capture the necessary data.<\/p>\n<p>Mr\u00a0Ofori-Atta called on them to step up revenue generation and reduce the dependence on Central Government transfers for their developmental projects.<\/p>\n<p>He, therefore, charged regional ministers, and metropolitan, municipal and district chief executives to lead the crusade to improve revenue generation.<\/p>\n<p>Dr\u00a0Eric Akobeng, the Head of Budget at the Assembly, said the Assembly was doing everything possible to encourage revenue collectors and other staffs to improve on the Internally Generated Fund.<\/p>\n<p>He said it had taken data of stores, buildings and other unmovable assets through street and property naming to help rake in more revenue.<\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metropolitan, Municipal and District\u00a0Assemblies\u00a0(MMDAs) have been cautioned to desist from entering into financial agreements that would bind them for more than a year and create liability for\u00a0government. Ken Ofori-Atta, the Minister of Finance, said those agreements, without prior written approval from the Minister of Local Government and Rural Development, may result in a contingent liability [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":416758,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-416757","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finance Minister cautions MMDAs against entering into liability agreements - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/09\/10\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Finance Minister cautions MMDAs against entering into liability agreements - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Metropolitan, Municipal and District\u00a0Assemblies\u00a0(MMDAs) have been cautioned to desist from entering into financial agreements that would bind them for more than a year and create liability for\u00a0government. Ken Ofori-Atta, the Minister of Finance, said those agreements, without prior written approval from the Minister of Local Government and Rural Development, may result in a contingent liability [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Finance Minister cautions MMDAs against entering into liability agreements\",\"datePublished\":\"2017-09-10T07:57:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/\"},\"wordCount\":336,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/\",\"name\":\"Finance Minister cautions MMDAs against entering into liability agreements - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-09-10T07:57:14+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/10\\\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Finance Minister cautions MMDAs against entering into liability agreements - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/09\/10\/finance-minister-cautions-mmdas-against-entering-into-liability-agreements\/","twitter_card":"summary_large_image","twitter_title":"Finance Minister cautions MMDAs against entering into liability agreements - Ghanamma.com","twitter_description":"Metropolitan, Municipal and District\u00a0Assemblies\u00a0(MMDAs) have been cautioned to desist from entering into financial agreements that would bind them for more than a year and create liability for\u00a0government. 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