Government Lays Value for Money Office Bill 2026 to Strengthen Fiscal Discipline
The Government has laid before Parliament the Value for Money Office Bill 2026, a proposed legislation aimed at strengthening fiscal discipline and enhancing accountability in public spending.
The bill seeks to address concerns over inflated contracts, abandoned projects and inefficient use of public funds by establishing a formal value for money framework within the country’s public financial management system.
Presenting the bill to the House, Finance Minister Cassiel Ato Forson said the proposed law would significantly reshape the management of public resources.
He explained that the objective of the legislation is to ensure that every cedi spent by government delivers maximum benefit to citizens in terms of economy, efficiency, effectiveness, equity and sustainability.
According to the Minister, the bill provides for the creation of an independent Value for Money Office with a clear technical mandate to conduct assessments and issue value for money certification before major government contracts are approved.
The proposed office will also be responsible for monitoring compliance and recommending sanctions in cases where procurement rules or fiscal standards are breached.
Government maintains that the establishment of the office will reinforce transparency, curb wasteful expenditure and promote prudent financial management across public institutions.
