Ghana’s Deputy Minister of Finance, Thomas Nyarko Ampem, has highlighted what he describes as significant progress in public financial management under the leadership of President John Dramani Mahama, citing reforms that have strengthened fiscal discipline, enhanced transparency and restored macroeconomic stability.
Speaking at the annual conference of the African Association of Accountants, the Deputy Minister said President Mahama’s “strong and focused leadership” had been central to driving an economic governance agenda that is delivering concrete results.
He noted that a raft of reforms had introduced new fiscal rules, reinforced key public institutions and better aligned public procurement with the national budget process, helping to curb waste and improve value for money in government spending.
According to Mr. Nyarko Ampem, Ghana’s public finances have seen marked improvement, with macroeconomic stability returning after years of fiscal pressures. He added that international credit rating agencies have responded positively, upgrading Ghana’s ratings in recognition of the improved fiscal outlook and renewed investor confidence.
The Deputy Minister also stressed that the administration has, over the past ten months, been free of corruption scandals, which he attributed to President Mahama’s insistence on integrity, accountability and strict adherence to financial regulations.
Mr. Nyarko Ampem lauded Ghana’s accelerated adoption of digital solutions to modernise public financial management systems. He explained that digitalisation is helping to enhance efficiency, block revenue leakages and reduce the risks of mismanagement.
He further indicated that technology-driven platforms are deepening citizen engagement by making financial information more accessible and promoting greater transparency and accountability in the use of public funds.
Mr. Nyarko Ampem urged other African countries to leverage similar reforms and digital tools to strengthen their own public financial management frameworks, arguing that sound fiscal governance is essential for sustainable development across the continent.
