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ACEP HOSTS KEY STAKEHOLDERS TO DISCUSS PUBLIC FINANCE MANAGEMENT AND ANTI-CORRUPTION IN GHANA

The Africa Centre for Energy Policy (ACEP) recently convened a high-profile breakfast meeting in Accra to address critical issues surrounding public finance management and anti-corruption in Ghana. The event, held on March 11, 2025, at Fiesta Royal, brought together influential figures from the media, civil society, and policy advocacy sectors, including Eugene Osafo-Nkansah (Nkonkonsa), Ameyaw Debrah (Ameyaw Debrah.com), Ato Kwamena Dadzie, and Bongo Ideas.

The meeting highlighted Ghana’s persistent challenges in public finance management, including weak procurement systems, inefficiencies in petroleum revenue administration, and unsustainable public expenditure. With Ghana’s debt reaching approximately $63 billion (88% of GDP) by the end of 2022, ACEP emphasized the urgent need for policy reforms and a more engaged citizenry to drive accountability and transparency.

Kofi Bentsi Bentil, Lead Partner at Lex Praxis and a prominent business strategy consultant, delivered a compelling keynote address. He stressed the importance of citizen engagement in governance, arguing that poverty in Ghana is often a result of leaders’ lack of accountability. Bentil criticized the reliance on foreign institutions like the World Bank and IMF, stating, “No country has ever developed through foreign aid alone. True progress must come from within.”

The discussion also touched on environmental advocacy, with Bentil recounting his personal experience opposing a forest sale despite facing threats. He called for collective action to protect Ghana’s natural resources and urged citizens to hold public officials accountable for inefficiencies in the public sector, which consumes a significant portion of tax revenue without contributing to economic growth.

The event concluded with a call to action for media stakeholders to amplify public discourse on governance and economic management, ensuring that citizens are informed and empowered to demand transparency and reforms.

Source:NKONKONSA.com

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