Ghana in 2016 made sweeping changes to the management of public finance with the passage of the Public Financial Management Act, 2016 (Act 921) and 2019 developed the Public Financial Regulations (L.I.2378). Consistent with section 20 (1) of the Public Financial Management Act, 2016 (Act 921) and Regulation 20 (3) of the Public Financial Management Regulations, 2019 (L.I. 2378) whilst drawing overall legal framework from the 1992 Constitution, the Ministry of Finance has outlined the processes and procedures for the 2021 Draft Budget Statement and Economic Policy and a three months' "Expenditure in Advance of Appropriation" given that 2020 is an election year. As a recent graduate of MSc Accounting and Finance Program, you have been asked by your organization (Ghana Cares, previously known as Smart Borrowing Inc.) to make input into the 2021 budget statement and economic policy of the government. Your organization has been concerned about the rising public debt which tends to escalate during crisis moments (see 2012-2015 energy crisis, 2016-2019 financial crisis and now Covid-19 towards the end of 2019) and elections as evidenced by 2000, 2008, 2012 and 2016 as well as currency valuation effect. These have weakened the immune system of the economy reflecting in dwarfed revenue mobilization and elevated expenditure translating into greater borrowing. You noticed that in 2019 alone, currency valuation effect alone added approximately GHS 15 billion to the public debt and your organization is concerned the rising public debt will affect governments ability to deliver on its 2020 promises it made to Ghanaians in order to win over the electorates and the countrys ability to recover from the outsized adverse distributional effect of Covid-19 on our economy and society. Management has scheduled 22nd August 2020, at exactly 6 pm to hear your inputs before it is submitted to the Honorable Minister. It is expected that your presentation or input will highlight policies government can adopt to manage the rising public debt, the key risks associated with public debt management whilst drawing the attention of political parties to the implication of the monetization and commercialization of Ghanas elections for macroeconomic stability. In addition, management is interested in knowing how the local currency will perform during the first quarter of 2021.