By: Kenneth Appiah Bani
Member of Parliament for Ofoase-Ayirebi, Kojo Oppong Nkrumah, is set to introduce the Public Financial Management (Amendment) Bill, 2026, in a move aimed at promoting fiscal discipline and enhancing accountability in the management of public funds.The proposed private member’s bill seeks to tighten existing financial regulations and ensure that public resources are used strictly in line with approved national development priorities. According to the lawmaker, the amendment will help prevent unplanned and unauthorized expenditure, which has often contributed to fiscal challenges and budget overruns.
A key provision of the bill is to restrict the Minister for Finance from releasing funds to Ministries, Departments, and Agencies (MDAs), as well as Metropolitan, Municipal, and District Assemblies (MMDAs), for projects that are not captured in the country’s approved national development plan. This measure is intended to ensure that all government spending aligns with clearly defined national objectives and strategic priorities.
The initiative is expected to promote transparency and improve the efficiency of public spending by eliminating arbitrary or politically motivated projects that fall outside approved development frameworks. By enforcing stricter adherence to national plans, the bill aims to strengthen financial discipline across all levels of government.
Mr. Oppong Nkrumah’s proposal also reflects growing calls for stronger financial governance in Ghana, especially at a time when the country continues efforts to stabilize its economy and restore public confidence in fiscal management.
If passed, the Public Financial Management (Amendment) Bill, 2026, will represent a significant step toward ensuring prudent use of state resources, reinforcing accountability, and safeguarding Ghana’s long-term economic stability.
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