Friday, December 2, 2022

Tel: 030 297 7663 | 030 297 767 | 030 297 7668 | info@ges.gov.gh

Finance Division

Finance Division has two units, namely, Budget and Accounts. The Division is responsible for budget preparation and daily financial transactions of the service.

  • Advises management on all financial matters relating to the service.
  • Collates estimates from the various Regions/Districts and Divisions for the preparation of the annual budget estimates.
  • Allocates funds to cost centers for preparation of budget.
  • Facilitates meeting with Parliamentary Select Committee on Education to defend the GES Budget for approval.
  • Prepares of cash plans.
  • Monitors the release of funds and disbursement of funds.
  • Supports implementation of donor funded projects
  • Monitors, evaluates and reports on budget performance
  • Assists management to control expenditure within the approved budget
  • Ensures adequate stock of Value books are kept for the office and keeps register for the value books in safe custody.
  • Collects all revenue due and bank same timely and undertakes all other banking activities
  • Keeps proper records of all transactions and produces same for verification by both Internal and External Audit when required
  • Keeps records of all receivables and payables in the ledgers
  • Ensures that all payments are duly authorized
  • Prepares, presents financial statements and other financial reports timely as required by the Public Financial Management Act, 2016 (Act 921) and Public Financial Management Regulations, 2019 (L.I. 2378). That is on monthly, quarterly and on yearly basis.
  • Ensures that adequate records are kept for fuel purchased
  •  Facilitates routine Audit.
  • Supports management to address all audit observations and issues
  • Ensures that all payments are properly acquitted
  • Ensures management of Taxes
  • Keeps records of all receivables and payables in the ledgers
  • Ensures that all payments are duly authorized

The division ensures that the following Relevant Legislations are complied with in the performance of its duties:

  • The 1992 Constitution of the Republic of Ghana
  • Public Financial Management Act, 2016 (Act 921) (PFMA)
  • Public Financial Management Regulations, 2019 (L. I. 2378) (PFMR)
  • The Public Procurement Act, 2003 (Act 663) (As Amended)
  • Audit Service Act, 2000 (Act 584)
  • Internal Aud