ACEYE Report Ranks Top 10 Public Institutions Powering Economic Growth——In an assessment of Ghana’s public sector, the Index of Government Institution Performance Towards Economic Prosperity (IGIPTEP) has ranked the performance of 50 government institutions making contributions to national economic stability and growth.
The assessment was conducted by the Africa Centre for Entrepreneurship and Youth Empowerment (ACEYE), a think tank that promotes free market philosophy through research, transformative leadership, entrepreneurship, people empowerment, policy analysis, and advocacy towards the building of a free and prosperous society.
The latest work – IGIPTEP evaluated these 50 public institutions across five key indicators: Service Delivery Quality, Money Management, Transparency and Accountability, People and Work Efficiency, and Public Engagement.
The study employed a multi-phase secondary research approach to evaluate government institutions’ performance toward economic prosperity. Data was collected from official websites, reputable publications, online media, and annual reports using targeted keyword searches.
The findings indicated both their strengths and critical areas for improvement. Below are the top ten (10) on the list;
1st – Ministry of the Interior (80.8%)
Leading the pack, the Ministry of the Interior (MINTER) emerged as the highest-performing institution, excelling in national security and public safety. Its highest scores came in Service Delivery Quality (90.4%), Transparency and Accountability (85%), and Public Engagement (80%). However, concerns over fund mismanagement, irregular procurement, and a lack of transparency in contract management suggest the need for stronger financial oversight.
2nd – Bank of Ghana (78.4%)
As Ghana’s financial regulator, the Bank of Ghana (BoG) ranked second, demonstrating strong monetary stability and oversight. It performed highly in all key areas but recorded financial losses of GHS 60.8 billion in 2022, raising concerns about fiscal sustainability. Delays in the enforcement of compliance among financial institutions and the need for stronger public accountability measures remain areas for reform.
3rd – Ministry of Local Government, Decentralization, and Rural Development (77.6%)
A key player in governance and decentralization, this ministry excelled in governance reforms and public engagement. However, gaps in anti-corruption enforcement, slow response to Right to Information (RTI) requests, and inconsistent decentralization policies hinder overall effectiveness.
4th – Ministry of Trade and Industry (77.2%)
Responsible for trade and industrial growth, the Ministry of Trade and Industry scored highest in Money Management (96.6%) and Public Engagement (86.6%). However, a notably low People and Work Efficiency score (32%) reveals major challenges in workforce capacity, operational efficiency, and internal effectiveness.
5th – Environmental Protection Agency (75.2%)
The Environmental Protection Agency (EPA) secured its place in the top five with an impressive 100% score in Public Engagement. While it plays a crucial role in environmental sustainability, inefficiencies in regulatory processes, inadequate monitoring of projects, and transparency concerns hinder its full potential.
6th – Food and Drugs Authority (74.8%)
Tasked with ensuring food and drug safety, the FDA performed well in Service Delivery Quality (84.8%). However, gaps in transparency, limited disclosure of regulatory decisions, and the need for stronger anti-corruption measures highlight areas for improvement.
7th – High Courts (74.4%)
As the cornerstone of Ghana’s legal system, the High Courts scored highly in judicial efficiency and financial management. However, delays in high-profile cases, challenges in streamlining case tracking, and limited public engagement in judicial processes signal the need for further reforms.
8th – Securities and Exchange Commission (74.4%)
The SEC plays a vital role in market stability and investor protection, performing well in financial regulation. However, limited public access to financial audits, regulatory enforcement updates and delays in compliance processing weaken its effectiveness.
9th – Ghana Standards Authority (74.4%)
As Ghana’s chief quality control body, the GSA ensures industrial compliance and product certification. Despite strong regulatory oversight, limited public engagement, insufficient transparency, and challenges in consumer awareness programs restrict its impact.
10th – Ministry of Transport (73.8%)
Tasked with managing Ghana’s transportation sector, the Ministry of Transport excelled in digitalization and stakeholder engagement. However, budget constraints, underfunding, project mismanagement, and workforce retention issues in critical areas like railway development present key obstacles to infrastructure growth.
The government institutions that were expected to perform better on the index but were conspicuously missing in the top 10 list includes the Office of the President, ECG, Ministry of Finance, Ministry of Energy, Ministry of Food and Agriculture, Ghana Revenue Authority, and Parliament
While these institutions are at the forefront of Ghana’s economic development, the IGIPTEP report underscores the urgent need for structural reforms, financial prudence, and strengthened transparency mechanisms.
Enhancing accountability, workforce efficiency, and public engagement will be critical in shaping a more resilient and prosperous Ghana.
Last Updated on March 31, 2025 by Senel Media
