i) The benefits of IFMIS in public funds management in Ghana include:

• Improved budgetary, financial management, and reporting processes: IFMIS enhances the accuracy, timeliness, and reliability of financial information, thereby improving financial management and reporting.
• Uniformity in accounting and reporting: The introduction of a common Chart of Account and Database for all MDAs and MMDAs ensures uniformity in accounting and reporting.
• Reduce manual processes, duplication of effort and errors
• Match disbursements with availability of revenues thus Improve efficiency in cash management and treasury Management System
• Enhance and re-enforce the internal control systems in public financial management for accountability.

ii) The preconditions for IFMIS to function effectively include:

• Effective information technology infrastructure: A robust IT infrastructure, such as internet connectivity, is required to support the automation process.
• Strong political commitment: The successful implementation of IFMIS requires strong political will, which is necessary for resource allocation and setting the tone for effective use.
• Expertise to administer the system: The availability of human resources with the right expertise in Management Information Systems (MIS) is essential for the effective implementation of IFMIS.