The Government of Ghana has announced plans to establish an Independent Fiscal Council to strengthen financial oversight and decision-making after existing the International Monetary Fund (IMF) programme.
The Deputy Minister, Hon. Thomas Nyarko Ampem made this statement during a courtesy call by the Head of 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.
Hon. Ampem expressed optimism about Ghana’s economic recovery, attributing the progress partly to international partnerships including support from France.
“Strengthening economic ties between France and Ghana, with emphasis on regional development initiatives and opportunities for mutual growth,” he said
He noted that inflation has declined to 3.8 percent, and key macroeconomic indicators are showing positive trends.
The Minister disclosed plans to establish an Independent Fiscal Council made up of locally appointed members who will provide advisory support on financial controls and fiscal decision-making, ensuring stronger domestic oversight and accountability.
However, the council will be implemented after Ghana exits the IMF programme, reinforcing local ownership of the country’s fiscal management and safeguarding long-term economic stability.
Ms. Boulestreau reiterated France’s commitment to supporting Ghana’s economic development, particularly in the areas of infrastructure and energy.
She highlighted the strong potential for French businesses to invest in Ghana’s expanding economy and contribute meaningfully to the country’s development agenda.
The Minister ended his speech by welcoming deeper collaboration between Ghana and France to sustain economic growth.
Deborah Narkie Nartey, ISD
