All ministers who overspend their budget will be sanctioned - Gov't

All ministers who overspend their budget will be sanctioned - Gov't

- Government is looking forward to punishing all ministers who embezzle funds in the upcoming fiscal responsibility act expected to be passed in parliament

- The NPP administration has been blamed for being one of the largest in the history of the 4th republic

- Click here for the latest stories in Ghana

Government is putting in place structures and policies to deal with all other cabinet ministers who fail to spend within their own budget.

All ministers who overspend their budget will be sanctioned - Gov't

All ministers who overspend their budget will be sanctioned - Gov't

READ ALSO: Are you ready?! Here's Biblical proof that world will end on September 23, Christians claim

Minister for monitoring and evaluation, Anthony Akoto Osei, has revealed that upon the passage of the fiscal responsibility act by parliament, government would be able to track carefully the spending of cabinet ministers.

“The new bill says that any person who exceeds what is budgeted for is liable to sanctions so if you tell me a ministry has overspent, the minister has to be charged or the chief spending officer or whoever made it happen has to be liable for sanctions as the law said,” he stated.

The comments by the minister follows growing concerns over the possible misappropriation of state funds by the growing number of ministers nominated by Nana Addo Danquah Akufo-Addo.

READ ALSO: Are you ready?! Here's Biblical proof that world will end on September 23, Christians claim

Meanwhile, a recent report by ratings agency Fitch has upgraded Ghana’s macro-economic stability to a grade “B” despite concerns over the threatening high debt levels.

Do you have any story to share with YEN? Get featured! We are always available on Facebook

Source: Yen.com.gh

Related news
GHANASS security man finally receives GHC5,000 reward from Ken Agyapong after exposing matron

GHANASS security man finally receives GHC5,000 reward from Ken Agyapong after exposing matron

GHANASS security man finally receives GHC5,000 reward from Ken Agyapong after exposing matron
YEN.com.gh
Mailfire view pixel