The Impact of the Ghana Integrated Financial Management Information System (GIFMIS) on Accountability and Transparency; A Case Study of Ministry of Lands and Natural Resources.

Abstract

Studies have established that effective and efficient public financial management is one of the most effective ways ensuring accountability and hence promote good governance. Failure to attain financial accountability serves as a breeding ground for weak public accounting, poor expenditure control, cash mismanagement and the mismanagement of financial records. In order to achieve financial accountability, there is the need for a system that ensures effective financial management. The government of Ghana has adopted IFMS which is intended to ensure proper financial management and accountability. This study aimed at examining the implementation of GIFMIS and how it has impacted accountability in Ghana. The study employed a qualitative study on 40 respondents from Ministry of Lands and Natural Resources and observed that the introduction of GIFMIS has helped in revenue mobilization, promotes Efficiency, Transparency and Accountability of Public Financial Management. Lastly, the study found that GIFMIS has helped enhance the timely dissemination of vital information within the Ministry of Lands and Natural Resources.