AHAFO REGIONAL CO-ORDINATING COUNCILS INAUGURATES FIXED ASSETS CO-ORDINATING UNIT (FACU) TO STRENGTHEN PUBLIC SECTOR ASSET MANAGEMENT

In its effort to promote efficiency and accountability in public asset management, the Ahafo Regional Co-ordinating Council has officially inaugurated the Fixed Assets Coordinating Unit (FACU) on 24th February, 2025. This development marks a significant step toward strengthening institutional governance and ensuring the prudent use of public assets. The Unit is composed as follows:
• Mr. Samad L. Kanton, Regional Budget Analyst as the Chairman,
• Mr. Godfred Owusu Sekyere, Assistant Director (Transport Manager),
• Mr. Timothy Effah Agyei (Accounts) and
• Mr. Emmanuel Boateng, Senior Procurement Assistant (in charge of Stores).
Speaking at the inauguration ceremony, the Chief Director, Mr. Sampson Amoako Kwarteng described the event as a great privilege and a significant milestone in the region’s journey toward sound financial management and responsible governance.
“This marks a significant milestone in our collective efforts to enhance accountability, efficiency, and transparency in the management of public resources,” he noted.
The establishment of the Fixed Assets Co-ordinating Unit is not only in line with the legal requirements of the Public Financial Management Act, 2016 (Act 921), but also addresses a practical need for better oversight of government assets, such as buildings, lands, vehicles, and equipment.
Highlighting the legal basis for this initiative, the Chief Director cited Section 52(1) of the Public Financial Management Act and Regulation 156 (1) of the Public Financial Management Regulations, 2019 (L.I. 2378), which both mandate the creation of the Unit within covered government entities.
By the dictates of the law, the unit will play a pivotal role in managing the region’s fixed assets by:
• Conducting comprehensive inventories of public assets.
• Keeping accurate and updated records.
• Preparing annual fixed asset reports.
• Co-ordinating the proper disposal and transfer of assets.
• Ensuring proper registration of lands, buildings, and other fixed assets after acquisition or transfer.
Mr. Amoako Kwarteng urged the members of the unit to carry out their duties with diligence, integrity and professionalism, noting that their work will be instrumental in fostering a culture of accountability and financial discipline within the RCC.
The success of the unit, he noted, would depend on the commitment of its members as well as on the co-operation of all heads of departments and agencies under the RCC.
Concluding his remarks, the Chief Director reaffirmed the region’s dedication to good governance, stating that the efficient management of public assets is a vital contributor to both regional and national development.
“As we officially inaugurate the Fixed Assets Co-ordinating Unit today, let us remain committed to the principles of good governance and sound financial management,” he said.
In a response to the charge, the Chairman of the Fixed Assests Co-ordinating Unit, Mr. Samad L. Kanton thanked the Chief Director for the confidence reposed in the team. He assured the Chief Director and management that they would work to justify their selection to serve in the capacity.