A one day workshop organized by GIFMIS to educate journalist was held in Accra last-Thursday, aim is to enable the media to understand the Public expenditure management and fiscal discipline are expected to improve under the Ghana Integrated Financial Management Information System, (GIFMIS).
The Acting Controller and Accountant General Madam Grace Adzroe, speaking at a workshop to brief the media under the Theme; ?accelerating Public financial management Reforms- Ghana Integrated Financial Management Information System?, she hinted that the present system of Activity Based Budgeting would be replaced by Program Based Budgeting, which would make expenditure overruns virtually impossible.
She noted that Ghana?s budget deficit of 12.5% in 2012 and revenue overruns by Metropolitan and District Assemblies (MDA’s) have raised concerns about the government?s commitment to ensuring that public financial management is prudent.
The system is also expected to address the issue of poor financial oversight mentioned in various Auditor General?s reports.
The GIFMIS Project Manager, Baah Adade said the system would eliminate the shortcomings in the manual system of budgeting and procurement.
Menace that he do, GIFMIS is an integrated computerised financial management system used in budget preparation and execution, accounting and financial reporting as well as cash and asset management among others.
According to him, the aim is to establish ICT- based PFM information Systems of government through treasuries and MDAs/MMDAs located at national, regional, and district levels. GIFMIS serves as the Government of Ghana?s official system for recording budget, disbursements, financial accounting and reporting, internal control and auditing for probity and accountability purposes.