A former Auditor-General, Daniel Yaw Domelevo, has discouraged any suggestion to create a fiscal Council as part of efforts to curb fiscal recklessness in public sector financial management.He said, the phenomenon of fiscal recklessness can be minimised by waking up existing state institutions with the mandate to do so, to their responsibilities."The tendency in Ghana is that we establish state institutions and they are also a burden on the same public funds.
They don't perform, then we create another one.
In my considered opinion, the Attorney-General, the Auditor-General, the Director-General of Internal Audit Agency and Public Accounts Committee, these institutions, we should wake them up," Mr Domelevo stated.The anti-corruption crusader was contributing to discussions at an event By IMANI Centre for Policy and Education in Accra on October 23.The discussions followed a presentation on a recent research report by IMANI Ghana which ranked the Ministry of Finance as the most fiscally reckless among all Ministries, Departments, and Agencies (MDAs) from 2015 to 2023.According to IMANI's findings, this poor fiscal discipline has contributed to Ghana's rising debt levels and economic instability."The Ministry of Finance tops the list of MDAs as the most fiscally reckless institution between 2021 and 2023.
The Ministry of Finance recorded an FRI score of 0.9038, which translates to about 90 per cent of financial infractions traced to the Ministry of Finance.