UNIVERSITY OF SIERRA LEONE
THE BOARD OF POSTGRADUATE STUDIES
CERTIFY
That this dissertation, “An Assessment of the Effectiveness of the Legal and Financial Regulatory Framework on Public Expenditure Management and Control in Sierra Leone” is the original work of the candidate, and that it is accepted in partial fulfillment of the requirements for the award of the degree of
MASTER OF FINANCE AND ACCOUNTING
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Supervisor Signature Date
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Head of Department Signature Date
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Dean of Postgraduate Studies Signature Date
DEDICATION
“To Almighty God for granting me the wisdom to discover what is right, the will to choose it and the strength to live by it”.
This work is also dedicated to my late parents, Pa Sorie Gbla and Ya Adama Turay for the very thought of sending me to school, (Rest-in-Peace Mom and Dad); my wife Mrs Kadijatu K. Gbla and two children:Hariyatu Mariama Dijah Gbla and Daniel Ibrahim Sorie Gbla.
ACKNOWLEDGEMENT
Let me sincerely thank God Almighty for His special grace and blessings in my life throughout my period of study. Blessings of good health, provision protection, direction, wisdom and understanding and many more, surely took through this academic exercise.
I am truly grateful to my late parents for the very thought of sending me to school even from a very illiterate and poor background. You really showed me the way, but have not lived long enough to reap the fruits of your labour. (Rest – in – peace Mum and Dad).
I wish to acknowledge and sincerely express my profound thanks and appreciation to my supervisor Mr. Sheku Kamara who despite his numerous engagements seriously committed himself to supervising me throughout this research with lot of patience, dedication and direction.
I am also thankful and indebted to the following people whose timely support and assistance immensely contributed to the successful completion of this work:
My wife, Mrs. Kadijatu K. Gbla, for her special words of courage and comfort especially in such times when I feel dejected and burdensome; my uncle Mr Ibrahim Gbla who has supported me throughout my academic pursuits; Mr. Joshua Ellie, Principal Accountant attached to the Ministry of Defence (MOD) for Financial and moral support throughout the course:staff and officials of the Ministry of Finance and Economic Development (MoFED) especially those of the Accountant General’s Department – the Treasury, for granting me the permission to conduct this research within the institution.
I am also deeply grateful to staff of the Accountant General Confidential Secretary’s Office for accommodating me throughout this write-up. Special thanks and appreciation to Miss Marilyn Cole, Secretary to the Accountant General, for her timely and careful computerization of this work.
LIST OF ILLUSTRATIONS
LIST OF FIGURES
Figure 1 IFMIS and the public financial management cycle 64
Figure 2 Economic Classification of Expenditure – 2008 68
Figure 3 Economic Classification of Expenditure – 2009 70
Figure 4 Economic Classification of Expenditure – 2010 73
Figure 5 Economic Classification of Expenditure – 2011 76
LIST OF TABLES