A Comparative Report on Appraisal of Public Finance Management of Ghana and Malawi

Abstract

Michael Safo Ofori and Ronald Osei Mensah

To assist with assessment and improvement in Public Finance management (PFM), the 2016 Public Expenditure Financial Accountability (PEFA) was used to measure 2018 PFM performance of all countries. This report compares and assesses the 2018 PFM performance of Ghana and Malawi. A detailed assessment of performance in terms of the seven pillars of the PFM system was done which provided analysis and measurement of results in terms of the 31 performance indicators (PIs) of PFM performance. Assessing all the seven (7) pillars with their indicators and dimensions together, it was realized that on an ordinal scale, Malawi’s PFM performance is higher than that of Ghana. Thus, Malawi is appraised with having a higher PFM performance than Ghana. It is therefore recommended that further investigation is done to identify the loopholes and leakages in the PFM of Ghana and duly sealed for the country’s PFM to be more reliable.

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