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Public Accounts to be prepared weekly

Wed, 17 Oct 2007 Source: GNA

Ho, Oct. 17, GNA - Public accounts of ministries, departments and agencies are to be prepared and submitted to the Controller and Accountant-General's Department (CAGD) weekly instead of the monthly and annual accounts.

Mr Daniel Domelovo, Director of Public Financial Management Reform of the CAGD, said this at a three-day workshop for public sector accounting personnel in the Volta Region at Ho on Wednesday.

Dubbed the "National Accounting Workshop", the workshop seeks to address the bottlenecks in the preparation of public sector accounts. Mr Domelevo said now that Ghana had entered the international Bond Market the country must operate by the rules and standards governing that market where competition is keen and the stakeholders involved would take no excuse for non-performance.

He also drew attention to concerns from the Public Accounts Committee of Parliament regarding the delay in preparing and submission of public accounts for scrutiny.

"Now you cannot be excused for delay in the submission of your accounts on the basis of bad roads, lack of vehicles." "Your inability to cope will be financial indiscipline that will not be tolerated", he said.

Mr Domelevo said those who would not be able to cope would be shown the exit and others in the queue taken on board.

In a speech read on his behalf the Controller and Accountant-General, Mr Christian Sottie, reminded the personnel that the Public Service, like any human institution, was dynamic and subject to changes in terms of human resource skills, technology and laws. "This therefore calls for regular overhaul of its human resources to cope with contemporary challenges, and also better manage the other resources for maximum gain". he said.

Mrs Olivia Sosu, Volta Regional Director of the Ghana Education Service, said the workshop provided a good platform for the CAGD to address discrepancies on staff pay slips.

She said there was the need for probity and accountability regarding clarifying items on pay slips in order to boost staff morale and motivation.

Source: GNA