Parliament today considered the Value for Money Office Bill, 2026 at its second reading stage.
Moving the motion for the second reading, Deputy Majority Leader, Hon. Thomas Nyarko Ampem, explained that the Bill seeks to establish the Value for Money Office. According to him, the office will regulate, monitor, coordinate, promote, and develop value-for-money assessments to enhance efficiency, transparency, and accountability in the management of public expenditure and procurement.
The proposal, however, met stiff opposition from the Minority Caucus. Minority Leader, Hon. Alexander Kwamena Afenyo-Markin, argued that the mandate of the intended office would overlap with that of the Public Procurement Authority. He cautioned that instead of improving oversight, the new office could open avenues for increased corruption in the public sector.
Despite the objections, the House adopted the Finance Committee’s report by voice vote and proceeded to read the Bill for the second time.
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