Tag (SQ): Objective

The 1992 Constitution of the Republic of Takoradi provides a broader framework for public financial management in the country. These provisions are crucial and cannot be undone by any enactments.

Required:

Discuss its provisions on the following:

(i) taxation;

(ii) budgeting;

(iii) public funds; and

(iv) audit of public funds.                                                                                                                                                                                                                                                                                                                                                                                                                                              (b)

The Public Financial Management Act 2016, Act 921, was promulgated to serve as the primary enactment of public financial management in the entire public sector of the Republic of Takoradi.

Required:

(I) Explain the objective of the Public Financial Management Act 2016, Act 921.

(ii) Discuss how the objective in (I) is met.