Financial accountability system

I propose the creation of a secure software system for meticulous record-keeping, featuring a national centralized database where all transactions automatically populate.

This system should include approved financial budgets and Ministry of Finance reports, ensuring non-interference during accountability assessments.

In the context of transitional governance, there should be a robust financial accountability report for each policy/initiative introduced and funded by taxpayers.

The Auditor General must be integral to this process, providing auditing reports for all ministries to enhance accountability and prevent excuses or blame games, particularly regarding the national financial status, including borrowed funds and foreign aid.

Policy debates often overlook the crucial financial aspects, leading to challenges when leadership is entrusted. It’s crucial to recognize that manifestos aren’t governing tools; instead, the undisclosed tool for African governance, such as IMF conditionalities, significantly influences these visions.

Often, we engage in debates and discussions about the policies/initiatives presented by political party flagbearers without inquiring about the financial framework for their execution. This lack of attention to financing details contributes to significant challenges when leadership assumes power, leading the nation into a precarious situation.

It’s crucial to emphasize that manifestos don’t serve as governing tools. Rather, the undisclosed tool for African governance, represented by IMF conditionalities, plays a pivotal role in aligning these visions.

The author, Nana Kweku Ofori Atta is a Security Consultant