President John Dramani Mahama has signed into law the Value for Money Office Act aimed at strengthening governance, accountability, and public financial management in Ghana.

The Value for Money Office Act is designed to tighten oversight of public expenditure by ensuring that government spending delivers optimal value for money. It introduces stricter checks on procurement processes and project approvals to prevent inflated contract costs and wasteful spending of state resources.

The law establishes a dedicated Value for Money Office mandated to assess government projects, review procurement proposals, and determine whether proposed expenditures reflect fair pricing and efficient use of public funds before contracts are approved and executed.

New Value for Money law to tackle inflated contract costs – Ato Forson

Government says the new framework will improve transparency in public financial management, reduce inefficiencies, and ensure that taxpayers receive maximum benefit from state investments across ministries, departments, and agencies.

The Legal Education Bill, also signed into law, seeks to expand access to legal training by allowing more institutions to be accredited to offer professional legal education.

It is expected to ease pressure on existing law schools and strengthen the pipeline for training legal professionals while maintaining quality standards.

According to government, both reforms form part of broader efforts to promote fiscal discipline, expand access to legal education, enhance accountability, and ensure better value for money in public sector spending.