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Political Willingness to Implement Public Sector Financial Management Reforms in Ghana - Accrual Basis of Accounting

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  • Julius Aidoo-Buameh

Abstract

Public Sector Financial Management (PSFM) reforms are introduced to Public Sectors to improve upon probity, transparency, accountability and good governance. Though, usually initiated by various bodies or stakeholders other than the government, PSFMs are worldwide implementable by governments. More so when such reforms are aimed at fighting fraud, misappropriation, and corruption; governments’ commitment to implementing these reform projects is believed to be inextricable from their Political Will to that respect. The study picks reform from Cash Basis to Accrual Accounting system, one of such widely noted reforms to determine the effect of governments’ commitment to this cause, and its effects thereof, using the fisher exact model. It concludes that, cash basis creates distortions in PSFM systems, and is vulnerable to financial abuse, fraud, and embezzlements and yet, the implementation of the accrual basis, an acknowledged superior alternative continues to linger on due to absence of Political Will on the part of government to exact the project, thus, confirming the effect POLITICAL WILL has on PSFM reform implementations.

Suggested Citation

  • Julius Aidoo-Buameh, 2014. "Political Willingness to Implement Public Sector Financial Management Reforms in Ghana - Accrual Basis of Accounting," Accounting and Finance Research, Sciedu Press, vol. 3(1), pages 1-96, February.
    • Handle: RePEc:jfr:afr111:v:3:y:2014:i:1:p:96
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    References listed on IDEAS

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    1. Nikolaos Eriotis & Filippos Stamatiadis & Dimitrios Vasiliou, 2011. "Assessing Accrual Accounting Reform in Greek Public Hospitals: An Empirical Investigation," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 4(1), pages 153-184, March.
    2. Eriotis, Nikolaos & Stamatiadis, Filippos & Vasiliou, Dimitrios, 2011. "Assessing Accrual Accounting Reform in Greek Public Hospitals: An Empirical Investigation," MPRA Paper 30246, University Library of Munich, Germany.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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