The Government of Ghana has announced plans to establish an Independent Fiscal Council to enhance financial oversight and strengthen fiscal discipline after the country exits its ongoing programme with the International Monetary Fund (IMF).
The Deputy Minister for Finance, Thomas Nyarko Ampem, disclosed this during a courtesy call by the Head of the Regional Economic Department of France for Nigeria and Ghana, Ms. Emmanuelle Boulestreau, and the Head of the French Economic Department at the French Embassy in Ghana, Mr. Julien Frioux.
The meeting centred on deepening economic relations between Ghana and France, with discussions highlighting regional development initiatives and opportunities for mutually beneficial growth.
Mr. Ampem expressed confidence in Ghana’s economic recovery, noting that the country’s progress has been bolstered by strong international partnerships, including support from France.
He indicated that Ghana remains on track with its IMF programme targets, adding that inflation has declined to 3.8 per cent while key macroeconomic indicators continue to show positive trends.
He welcomed stronger collaboration between Ghana and France, stressing the importance of sustained partnerships to consolidate the country’s economic gains.
On fiscal governance, the Deputy Minister revealed that the proposed Independent Fiscal Council will comprise locally appointed members and will serve as an advisory body on financial controls and fiscal decision-making.
He said the council would enhance domestic oversight, improve accountability, and reinforce prudent fiscal management.
According to him, the establishment of the council will take effect after Ghana successfully exits the IMF programme, ensuring greater local ownership of fiscal policy and safeguarding long-term economic stability.
For her part, Ms. Boulestreau reaffirmed France’s commitment to supporting Ghana’s economic development, particularly in infrastructure and energy.
She underscored the significant potential for French businesses to invest in Ghana’s growing economy and contribute meaningfully to the country’s development agenda.
