The Africa Centre for Energy Policy (ACEP) has said that there is an urgent need for a performance audit of all state agencies to establish optimal numbers of staff and administrative budgets for their operations. <\/strong><\/p>\nAlso, ACEP said, the government must establish mechanisms to assess the effectiveness of expenditure and the capacity of projects to deliver value that facilitates loan repayments.<\/p>\n
The energy think tank said these in a paper titled \u201cBreaking the cycle of IMF support: Addressing governance inefficiencies and drivers of public debt in Ghana.<\/p>\n
It said the government has identified revenue-generating measures through additional taxes, but these have not significantly contributed to the worsening debt distress and economic challenges.<\/p>\n
\u201cThe leading causes of Ghana\u2019s public debt have been identified in this paper as stemming from inefficiencies in governance, which have been revealed in weak procurement practices, poor contingency planning and excessive spending over revenues, inadequate state institutions, and insufficient loan monitoring mechanisms. These must be addressed through long-term solutions to avoid a recurring cycle of seeking IMF support.<\/p>\n
\u201cThe discussion highlights that resolving Ghana\u2019s debt requires more than just IMF programs. The governance structure needs significant changes to ensure accountability, efficiency, and effective policy implementation. Therefore, this report proposes the following recommendations for the government to consider,\u201d ACEP stressed.<\/p>\n
It further stated that \u201cThere is a need for a national dialogue on the most effective procurement system that aligns with the Ghanaian context and delivers value to citizens. Ghana should align its expenditures with its revenue to reduce deficit spending. Merely relying on GDP as a benchmark is insufficient, particularly when the disparity between expenditure and revenue is widening from 21% in 2018 to 52% in 2021.<\/p>\n
\u201cThere is an urgent need for a performance audit of all state agencies to establish optimal numbers of staff and administrative budgets for their operations. The government must establish mechanisms to assess the effectiveness of expenditure and the capacity of projects to deliver value that facilitates loan repayments.<\/p>\n
\u201cIt is imperative that the private sector participates in the power sector with effective regulation by the state to ensure their delivery of value. Tier-two pension investments could be an option to mobilise domestic revenue for power sector investments. It is unacceptable for the government to spend billions of dollars to meet payment obligations resulting from poor management and procurement-driven investments.<\/p>\n
\u201cThe government should enforce laws transparently to encourage investments and assure investors of fair treatment in the energy and extractive sectors.<\/p>\n
\u201cThere is a need for active citizenship and frequent conversations on how governance addresses the country\u2019s fiscal challenges. This requires the participation of the private sector, media and Civil Society on the broad governance challenges that could lead to debt unsustainability.\u201d<\/p>\n
By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Ben Boakye is Executive Director of ACEP The Africa Centre for Energy Policy (ACEP) has said that there is an urgent need for a performance audit of all state agencies to establish optimal numbers of staff and administrative budgets for their operations. Also, ACEP said, the government must establish mechanisms to assess the effectiveness of […]<\/p>\n","protected":false},"author":1,"featured_media":47702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-55278","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Performance audit of all state agencies needed immediately - ACEP - 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\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Performance audit of all state agencies needed immediately - ACEP - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ben Boakye is Executive Director of ACEP The Africa Centre for Energy Policy (ACEP) has said that there is an urgent need for a performance audit of all state agencies to establish optimal numbers of staff and administrative budgets for their operations. Also, ACEP said, the government must establish mechanisms to assess the effectiveness of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-06T15:30:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/Ben-Boakye-ACEP-e1564555229185.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"664\" \/>\n\t<meta property=\"og:image:height\" content=\"441\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/\",\"name\":\"Performance audit of all state agencies needed immediately - ACEP - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/Ben-Boakye-ACEP-e1564555229185.jpg\",\"datePublished\":\"2023-04-06T15:30:22+00:00\",\"dateModified\":\"2023-04-06T15:30:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/Ben-Boakye-ACEP-e1564555229185.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/Ben-Boakye-ACEP-e1564555229185.jpg\",\"width\":664,\"height\":441},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Performance audit of all state agencies needed immediately – ACEP\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Performance audit of all state agencies needed immediately - ACEP - 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\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/","og_locale":"en_US","og_type":"article","og_title":"Performance audit of all state agencies needed immediately - ACEP - Ghanamma.com","og_description":"Ben Boakye is Executive Director of ACEP The Africa Centre for Energy Policy (ACEP) has said that there is an urgent need for a performance audit of all state agencies to establish optimal numbers of staff and administrative budgets for their operations. Also, ACEP said, the government must establish mechanisms to assess the effectiveness of […]","og_url":"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/","og_site_name":"Ghanamma.com","article_published_time":"2023-04-06T15:30:22+00:00","og_image":[{"width":664,"height":441,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/Ben-Boakye-ACEP-e1564555229185.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/","url":"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/","name":"Performance audit of all state agencies needed immediately - ACEP - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/Ben-Boakye-ACEP-e1564555229185.jpg","datePublished":"2023-04-06T15:30:22+00:00","dateModified":"2023-04-06T15:30:22+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/Ben-Boakye-ACEP-e1564555229185.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/03\/Ben-Boakye-ACEP-e1564555229185.jpg","width":664,"height":441},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/performance-audit-of-all-state-agencies-needed-immediately-acep\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"Performance audit of all state agencies needed immediately – ACEP"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/55278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=55278"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/55278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/47702"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=55278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=55278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=55278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/1680795022_805_Ben-Boakye-ACEP-e1564555229185.jpg\" "\\"Ben-Boakye-ACEP-e1564555229185\\"\/")