MBAF 603 Questions and Answers on Public Sector Accounting and Finance

 

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Assignment 1

 

Ghana has adopted the Ghana Integrated Financial Management System (GIFMIS) for the financial management in the public sector of Ghana. The successful implementation of GIFMIS has been taken a significant amount of time and resources. GIFMIS implementation has had a significant impact on various aspects of the Ghanaian Economy.

 

Based on the above premise, write a brief report on the following heading:

 

1. Discuss Ghana’s GIFMIS adoption journey highlighting the key modules, level of deployment, success, challenges, and recommendations for

 

Refer to the attached documents for the further information”

 

Diamond & Khemani (2005), “Introducing Financial Management Information Systems in Developing Countries”. IMF Working paper. WP/05/196

 

Assignment 2

 

The need to provide quality education remains fundamental to Governments the world over. Ghana in a quest to guarantee a flow of funds to finance education established the Ghana Education Trust Fund (GETFund) through the Ghana Education Trust Fund Act 2000, (Act 581). The fund provides a structure to raise revenue to meet various educational expenditure.

 

In 2020, the Government of Ghana established a Special Purpose Vehicle (SPV), Daakye Trust PLC, to facilitate the issuance of bonds to finance the educational need of the country. The SPV is set out to issue bond worth GHS 5.5 billion. The bonds issued are to be listed on the Ghana Fixed Income Market.

 

Based on the above, prepare a brief paper that discusses the Daakye PLC and its implication on GETFund.

 

Assignment 3

 

The COVID-19 pandemic that hit the world in 2019 through to 2020 affected many countries including Ghana. This pandemic tested the emergency preparedness of any countries in the areas of health and finance. The ability to safeguard the lives of all citizens was paramount as various governments designed programs, policies, and interventions to control the spread of the virus. The emergency response programs and policies came at a significant charge to the public purse. In Ghana, the COVID 19 pandemic tested the contingency fund arrangement to the fullest. Discuss the funding arrangements employed by the republic of Ghana in managing the COVID- 19 pandemic. (consider the strategies, successes, challenges, and recommendations)

 

Assignment 4

 

The Parliament of Ghana has the ultimate responsibility for the safeguard of the public assets of Ghana. What mechanisms exists for parliament to exercise control over public financial management?

 

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