President John Dramani Mahama has signed the Value for Money Office Act, 2026 into law, clearing the path for the establishment of a new independent body to monitor public spending and prevent waste in government procurement.
The new legislation is expected to tighten oversight of state expenditure by tackling long-standing issues such as inflated contract prices, abandoned projects, cost overruns and inefficient use of public funds.
Introduced in February by Finance Minister Cassiel Ato Forson, the law seeks to strengthen transparency, accountability and efficiency in Ghana’s public financial management system.
Under the Act, the newly created Value for Money Office will conduct independent assessments of major government projects and issue mandatory Value for Money Certificates before contracts can be awarded.
The office will also monitor compliance among public institutions and impose sanctions where procurement rules are breached.
Government officials say the new framework is designed to ensure that every cedi spent delivers maximum value to citizens through efficiency, effectiveness, equity and sustainability.
The law is expected to become a key instrument in improving fiscal discipline and ensuring public projects are completed on time and deliver meaningful benefits to Ghanaians.
