On behalf of President John Dramani Mahama, Finance Minister Cassiel Ato Forson has laid before Parliament the Value for Money Office Bill, 2026, a landmark proposal aimed at tackling inefficiencies in Ghana’s public spending.
The Bill seeks to confront long-standing challenges such as inflated contracts, abandoned projects, cost overruns, and waste in the use of state resources. At its core, it establishes an independent Value for Money Office mandated to rigorously assess major public expenditures, certify contracts before approval, monitor compliance, and enforce sanctions where necessary.
Forson emphasized that the purpose of the legislation is straightforward: to protect public funds, eliminate waste, and ensure that every cedi spent delivers measurable value to the Ghanaian people. “Public funds must deliver public value,” he stated, underscoring the government’s commitment to fiscal discipline and accountability.
If passed, the Value for Money Office will serve as a watchdog over public investments, ensuring transparency and efficiency in the execution of projects. Observers say the Bill could mark a turning point in Ghana’s efforts to strengthen governance and restore public confidence in how resources are managed.
The debate on the Bill is expected to draw significant attention in Parliament, as lawmakers weigh its potential to reshape the country’s financial oversight framework.
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