Story by Abraham Joash Amaakwei Akadja
The Public Interest and Accountability Committee (PIAC) has hailed a technical roundtable discussion on Annual Budget Funding A (ABFA) expenditure on the physical infrastructure and service delivery in health priority area on Thursday 28 August 2020 in Accra.
The purpose of the roundtable was to understand the ABFA expenditure and how the sectors alocation has been managed and utilised. It also sought to obtain perspectives on petroleum revenues allocation.
During the technical round table meeting it was discussed that the investment in health was less than 2% of GDP compared with in efficiencies in the health sector.
It was also discussed that the ABFA alocation has been 25 3.9 million over time and each time the ABFA has been invested in the health sector, government of Ghana funding increases.
The issues and challenges which has to do with the ABFA such as delays in project execution, thin spread of project, allocation of funds, accounted funds and many more were discussed.
The public interest and accountability committee is an independent statutory body mandated to promote the transparency and accountability in management of petroleum revenues in Ghana. It was established under section 51 of the Petroleum Revenue Management Act 2011 (Act 815) as amended by the Petroleum Revenue Management (Amended) Act 2015 (Act 893) to provide oversight over the collection, allocation and utilisation of Ghana's petroleum revenue.
