Investment Oversight (GH0006)
Overview
At-a-Glance
Action Plan: Ghana Action Plan 2013-2014
Action Plan Cycle: 2013
Status: Inactive
Institutions
Lead Institution: Office of the President, Ministry of Justice and Attorney-General’s Department (MJAGD), Ministry of Finance and Economic Planning (MoFEP), PEOU.
Support Institution(s): IEA, CDD, IDEG
Policy Areas
Anti-Corruption, Anti-Corruption Institutions, Legislation & Regulation, Legislative, Public ParticipationIRM Review
IRM Report: Ghana 2013-2014 End of Term Report, Ghana Progress Report 2013-2014
Starred: No
Early Results: Did Not Change
Design i
Verifiable: Yes
Relevant to OGP Values: Access to Information , Civic Participation
Implementation i
Description
Extensive economic reforms, in the past, included substantial offloading of Government interest in a large number of commercial activities. And, yet, Government still maintains significant investments in some sectors of the economy.
The perennial challenge facing Government is one of finding a mechanism for exercising close oversight and comprehensive tracking of its various investments. Under the OGen government Initiative, the Government commits to assign open and transparent tracking of its overall investment as an additional responsibility of the Policy Evaluation and Oversight Unit in the Office of the President (PEOU). The PEOU, currently, has oversight responsibility for the performance of Ministries, Departments and Agencies (MDAs) but lacks legislative backing. Actions:
• Political leadership and administrative heads to provide the PEOU with accurate and timely information.
• Organize a forum or meeting of CSOs in governance and economic policy to discuss legislative backing and additional PEOU responsibility for oversight and tracking of government investment
• Hold meeting with Attorney-General’s Department to prepare the draft legislation for the PEOU, including new function of exercising oversight and tracking of government investments.
During the OGPI plan period, Government will take steps to initiate the process for the PEOU legislative backing that clearly specifies the additional function of tracking overall government investment. Experience gained from years of monitoring MDAs will prove useful in tracking total government investments.
Commitments
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Open Contracting and Contract Monitoring
GH0020, 2017, Anti-Corruption
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Anti-Corruption Transparency
GH0021, 2017, Anti-Corruption
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Beneficial Ownership
GH0022, 2017, Anti-Corruption
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Fiscal Transparency and Accountability
GH0023, 2017, Fiscal Openness
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Extractives Sector Transparency
GH0024, 2017, Anti-Corruption
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Right to Information
GH0025, 2017, Access to Information
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Civic Participation and Accountability
GH0026, 2017, Fiscal Openness
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Technology and Innovation
GH0027, 2017, Access to Information
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Open Contracting
GH0014, 2015, Anti-Corruption
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RTI
GH0015, 2015, Access to Information
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Citizen’S Participation
GH0016, 2015, Open Regulations
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Fiscal Openness
GH0017, 2015, Legislation & Regulation
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Revenue Management
GH0018, 2015, Legislation & Regulation
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Open Data
GH0019, 2015, Access to Information
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Fiscal Responsibility
GH0001, 2013, Fiscal Openness
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Fiscal Transparency
GH0002, 2013, Capacity Building
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Right to Information
GH0003, 2013, Access to Information
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Human Rights and Anti-Corruption
GH0004, 2013, Anti-Corruption
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Extractive Sector Revenue Management
GH0005, 2013, Anti-Corruption
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Investment Oversight
GH0006, 2013, Anti-Corruption
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Citizen Participation
GH0007, 2013, Capacity Building
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Code of Conduct Bill
GH0008, 2013, Anti-Corruption
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Audit Reports
GH0009, 2013, Anti-Corruption
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National Broadcasting
GH0010, 2013, Civic Space
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e-Immigration
GH0011, 2013, Access to Information
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Financial Management
GH0012, 2013, Access to Information
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Policy Portal
GH0013, 2013, Access to Information
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