The Ministry of Finance published its first Annual Borrowing Plan (ABP) in keeping with new guidelines set by the Public Debt Management Act, 2021, passed by Parliament in March. The new legislation puts teeth behind the government’s commitment to fiscal accountability, and to increasing transparency and borrowing predictability in debt operations.
“Since the new law took effect on July 1, we set up the new Debt Management Office (DMO), which now has overall responsibility for the management of the government’s debt. We also published the first ABP, which is a key component of the government’s new debt management system,” said Kwasi Thompson, Minister of State for Finance.
The budget website is inspired by a worldwide movement towards citizens budgets. Presented by the Ministry of Finance, it is a visual, interactive and less-technical version of the annual budget that promotes accessibility, inclusion, transparency and accountability.