They have accused the Ministry of breaching provisions of the New
Public Financial Management Act (PFMA), ACT 921 with the way it collected the funds.
The government appears to have reneged on an understandings it had with the IMF with regards to the recently passed Bank of Ghana Act and
the Public financial Management Act.
The Finance Minister did not comply with section 56 (1) of
the Public Financial Management Act, 2016 (Act 921) «the terms and conditions of all government borrowings shall be laid before Parliament and shall not come into operation unless the terms and conditions are approved by a resolution of Parliament in accordance with article 181 of the Constitution.
The request for this amount was in line with Article 180 of the 1992 Constitution and Section 23 of
the Public Financial Management Act, 2016 (Act 921).
Not exact matches
In particular, we must perform system and process evaluation and testing of our internal control over
financial reporting to allow
management and, to the extent that we are no longer an «emerging growth company» as defined in the JOBS
Act, our independent registered
public accounting firm to report on the effectiveness of our internal control over
financial reporting, as required by Section 404 of the Sarbanes - Oxley
Act.
«And we are going to pass a law by amending the
public management financial act to limit the fiscal deficit from 2018 going forward to a maximum of the window between 3 and five percent of GDP.
In 1999, when Congress passed the Federal
Financial Assistance
Management Improvement
Act (also known as
Public Law 106 - 107), the government had some 600 domestic grant programs — as noted in the law itself — and nearly as many processes for applying for and managing grants, each with its own forms and terminology.
However, appointed boards are accountable to the governor, the attorney general, the Office of
Financial Management, the Open
Public Meetings
Act, members can be prosecuted for breaking the law, and ultimately «complete control», as discussed in the ruling, rests within the structure of our government (laws and constitution).