On June 15, 2010, the World Bank approved a Public Financial Management (PFM) Improvement Charter – called the Ghana Integrated Financial Management Information System (GIFMIS).

This extends the e-Ghana Project to include a fourth component that aims to establish and use GIFMIS-based Public Financial Management functionality at government treasuries to improve macro-fiscal discipline and management, MDA and sectoral and financial management. 

The additional funding extends the original timeline of the project by 2 years, and will end on June 30, 2014. It also involves co-financing arrangements with DFID and the European Union in respect of the fourth component - Ghana Integrated Financial Management Information System (GIFMIS).

This additional financing brings in positive synergistic advantages in Ghana arising from the introduction of an electronic platform for the Ghana Revenue Authority (GRA) as part of the overall public revenue and expenditure management system in Ghana, said Ishac Diwan, World Bank Country Director for Ghana.

It would also ensure that access to electronic services can be decentralized at the district levels in order to make Ghana a true destination of choice for business.