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Ghana

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 Institutions, Legislation & Regulation, Public Participation

IRM Review

IRM Report: Ghana 2013-2014 End of Term Report

Starred: No

Early Results: Did Not Change Did Not Change

Design i

Verifiable: Yes

Relevant to OGP Values: Access to Information Civic Participation

Potential Impact:

Implementation i

Completion:

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.

Ghana's Commitments

  1. Open Contracting and Contract Monitoring

    GH0020, 2017, Infrastructure & Transport

  2. Anti-Corruption Transparency

    GH0021, 2017, Anti-Corruption Institutions

  3. Beneficial Ownership

    GH0022, 2017, Beneficial Ownership

  4. Fiscal Transparency and Accountability

    GH0023, 2017, Fiscal Transparency

  5. Extractives Sector Transparency

    GH0024, 2017, Extractive Industries

  6. Right to Information

    GH0025, 2017, Legislation & Regulation

  7. Civic Participation and Accountability

    GH0026, 2017, Fiscal Transparency

  8. Technology and Innovation

    GH0027, 2017, Capacity Building

  9. Starred commitment Open Contracting

    GH0014, 2015, Anti-Corruption Institutions

  10. RTI

    GH0015, 2015, Right to Information

  11. Citizen’s Participation

    GH0016, 2015, Public Participation

  12. Fiscal Openness

    GH0017, 2015, Legislation & Regulation

  13. Starred commitment Revenue Management

    GH0018, 2015, Legislation & Regulation

  14. Open Data

    GH0019, 2015, Open Data

  15. Fiscal Responsibility

    GH0001, 2013, Legislation & Regulation

  16. Fiscal transparency

    GH0002, 2013, Capacity Building

  17. Right to Information

    GH0003, 2013, Capacity Building

  18. Human Rights and Anti-Corruption

    GH0004, 2013, Anti-Corruption Institutions

  19. Extractive Sector Revenue Management

    GH0005, 2013, Extractive Industries

  20. Investment Oversight

    GH0006, 2013, Anti-Corruption Institutions

  21. Citizen Participation

    GH0007, 2013, Capacity Building

  22. Code of Conduct Bill

    GH0008, 2013, Asset Disclosure

  23. Audit Reports

    GH0009, 2013, Audits and Controls

  24. National Broadcasting

    GH0010, 2013, Civic Space

  25. E-Immigration

    GH0011, 2013, Citizenship and Immigration

  26. Financial Management

    GH0012, 2013, Citizenship and Immigration

  27. Starred commitment Policy Portal

    GH0013, 2013, Citizenship and Immigration