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AF - Ghana: Public Financial Management Reform Project - Additional Financing

Development Objective

The project development objective (PDO) is to improve the budget management, financial control and reporting of the Government of Ghana.

Key Details

Project Details

  • P162886

  • Closed

  • Furqan Saleem

  • Government of Ghana

  • Ghana

  • May 2, 2018

  • (as of board presentation)

    February 11, 2019

  • N/A

  • US$ 3.00 million

  • Ministry of Finance,Ministry of Finance

  • Western and Central Africa

  • 2019

  • US$ 3.00 million

  • C

  • Not Applicable

  • December 31, 2021

  • Yes

  • BANK APPROVED

  • P151447

  • July 12, 2022

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Swiss State Secretariat for Economic Affairs 3.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 3.00
Total Project Cost** 3.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Proportion of budgetary expenditures in Annual Financial Statements of CAGD (including Consolidated Funds, Statutory Funds, IGFs and Donor Funds) processed through GIFMISValue66.0068.0295.00
    DateMay 21, 2015September 30, 2018December 30, 2020
    Comment
  • Percentage of GoG cash balances in TSA at Bank of GhanaValueBalances held in BoG HQ and 5 BoG BranchesBalances held in BoG HQ and 5 BoG BranchesAt least 95% of GoG cash balances in TSA
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • Limitations in supplementary appropriationsValue6.200.003.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • Percentage of payroll subjected to annual payroll verification auditsValue6.202.005.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • Expenditure arrears as a percentage of Central Government budgetary expendituresValue19.706.905.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of MDAs reporting ex-post on program performanceValue0.0043.0095.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • GIFMIS expenditure management functionality established in MMDAs (for CF, Statutory Funds, and IGFs)Value5.00216.00216.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • Average time taken to complete external audit of MMDAs using modern audit techniquesValue12.007.006.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • Percentage of Operationsal Cost to Total Project CostValue0.004.305.00
    DateMay 15, 2014September 28, 2018December 31, 2020
    Comment
  • Percentage of public service staff captured on the HRMISValue0.0010.0095.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • Strengthening the Internal audit institution and capacity through establishment of internal audit teams in MDAs focusing on risk-based and systemic issues (number of MDAs)Value0.0012.0030.00
    DateMay 21, 2015September 28, 2018December 31, 2020
    Comment
  • Strengthened Parliamentary Oversight CapacityValueLack of analytical capacity to review budgets ex aPublished PAC
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • Strengthened Public Investment Management(PIM) through selection, appraisal and prioritization of new projects entering the budgetValue0.000.0060.00
    DateMay 21, 2015September 28, 2018June 30, 2019
    Comment
  • Percentage of budgetary spending units submitting cash forecasting plansValue40.0042.0085.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • MDAs integrating procurement planning as part of budget preparation processValue7.0037.0045.00
    DateMay 21, 2015September 28, 2018December 30, 2020
    Comment
  • Number of Government staff that have completed IPSAS Business Process TrainingValue0.000.00250.00
    DateJanuary 9, 2019January 9, 2019December 30, 2020
    Comment
  • Unified chart of accounts prepared to meet GFS, budget and IPSAS needs; operational policies for GFS, PIM, and budget establishedValueNoNoUnified chart of accounts prepared to meet GFS, bu
    DateJanuary 9, 2019January 9, 2019December 30, 2020
    Comment