Chief Economic Officer and Group Head

Terkper Confident New PFM Act Will Ensure Fiscal Discipline

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The Government is making efforts to address the persistent structural weakness in the fiscal formulation that relates especially to commitment control and contracts to ensure effective fiscal discipline in the management of public resources. Minister of Finance and Economic Planning, Seth Terkper, said part of the efforts was the introduction of the Public Financial Management … Read more

Financial Management Act To Regulate SOEs Borrowing

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The Government is confident that the newly passed Public Financial Management (PFM) Act, Act 921, will help regulate the borrowings of state-owned enterprises (SOEs), as part of measures aimed at keeping the public debt from spiraling. This is because the Act mandates SOEs to seek approval from the Ministry of Finance before going ahead to … Read more