Ministry of Finance has introduced a Public Financial Management (PFM) Compliance League Table to rank state institutions based on their adherence to fiscal rules, in a move aimed at strengthening transparency and accountability in the use of public funds.
In a press release dated March 19, 2026, the Ministry described the initiative as a “landmark transparency and accountability” tool designed to improve fiscal discipline and the overall management of public resources
The League Table delivers on a commitment made in the 2025 Budget Statement to publish “an objective, evidence-based assessment” of how public institutions comply with the Public Financial Management Act, 2016 (Act 921) and its associated regulations.
According to the Ministry, the ranking serves as a benchmarking mechanism to measure how well institutions follow rules governing public finances, while also identifying gaps that require corrective action.
“By constructively ranking institutions based on their level of compliance, the Ministry seeks to deepen transparency, promote accountability, and encourage continuous improvement across the public sector,” the statement said.
Top performers
The first batch of rankings places several institutions in the “highly compliant” category, including the Environmental Protection Authority, Tema Oil Refinery, and the Ministry of Energy and Green Transition.
Others in this top tier are the Ghana National Petroleum Commission, the Ministry of Finance, the Ghana AIDS Commission, and the Petroleum Hub Development Corporation
Broad compliance across institutions
A larger number of institutions fall within the “compliant” category, including key agencies such as the Ghana Airports Company Limited, the Ghana Education Trust Fund, and the Securities and Exchange Commission.
Others listed include ministries and regulatory bodies such as the Ministry of Health, Ministry of Transport, and the National Petroleum Authority, reflecting what the Ministry describes as general adherence to PFM requirements across a broad section of the public sector.
Moderate and weak compliance concerns
However, the League Table also highlights institutions with weaker compliance levels.
Entities such as the Ghana Ports and Harbours Authority, Ghana Health Service, and Metro Mass Transit Limited were classified as “moderately compliant,” suggesting gaps in adherence to financial management rules.
More concerning is the “least compliant” category, which includes major institutions such as the Ghana Revenue Authority, University of Ghana, and the National Communications Authority.
The inclusion of such high-profile institutions underscores persistent weaknesses in public financial management systems.
Enforcement and next steps
The Ministry signalled that the League Table will not only serve as a reporting tool but also drive enforcement.
It said it will “take firm steps to address persistent non-compliance,” including engaging institutions with low scores to help them identify and fix weaknesses in their financial management systems.
The PFM Compliance League Table is expected to become a key instrument in Ghana’s fiscal reform agenda, providing both transparency for the public and accountability pressure on state institutions to improve their financial governance.
