• Metascholar News Portal
• Africa , Economy , Politics
• December 21, 2024
• 479 views
• 2 minutes Read

Government Has Not Issued Financial Clearances Since December 7 – Information Minister Clarifies

The Information Minister, Kojo Oppong Nkrumah, has assured the public that the Ghanaian government has not issued any new financial clearances since December 7, 2024. His statement addresses concerns surrounding potential unauthorized financial activities during the transitional period following the recent elections. Oppong Nkrumah emphasized the government’s commitment to fiscal responsibility, explaining that all financial operations are being carried out transparently and in strict adherence to established protocols. “We remain dedicated to ensuring that the transition process is smooth and that no unauthorized financial commitments are made,” he stated. Financial clearance is a formal authorization issued by the government that permits agencies to recruit staff or incur expenditures within an approved budget. This process ensures adherence to fiscal management practices and prevents unplanned financial obligations. The minister’s remarks aim to dispel rumors and foster public confidence in the government’s fiscal management during this transition. He reassured Ghanaians that no actions have been taken that could burden the incoming administration or disrupt economic stability. With the transition to a new government underway, Oppong Nkrumah noted that halting financial clearances since December 7 was a deliberate step to maintain fiscal discipline. This decision is intended to ensure that the incoming administration has a clean slate to plan and execute its budget without any last-minute financial commitments. The government has urged citizens to rely on official channels for accurate information regarding financial decisions during this transitional period. This measure reflects a broader commitment to transparency and accountability, key elements needed to maintain public trust. As Ghanaians look forward to the policies of the new administration, the assurance of halted financial clearances serves as a reminder of the outgoing government’s dedication to ensuring a seamless handover of power. By prioritizing economic stability and accountability, the government is laying the groundwork for a smooth transition that supports national development.