The Government of Ghana has announced plans to establish an Independent Fiscal Council to strengthen financial oversight and ensure sustainable economic management once the country exits the International Monetary Fund (IMF) programme.
The disclosure was made by the Deputy Minister for Finance, Hon. Thomas Nyarko Ampem, during a courtesy call by Ms. Emmanuelle Boulestreau, Head of the Regional Economic Department of France for Nigeria and Ghana, and Mr. Julien Frioux, Head of the French Economic Department at the French Embassy in Ghana. The meeting focused on deepening economic ties between Ghana and France, with emphasis on regional development and opportunities for mutual growth.
Hon. Ampem expressed optimism about Ghana’s economic recovery, noting that IMF programme targets remain on track. He highlighted that inflation has declined to 3.8 percent and key macroeconomic indicators are showing positive trends. He attributed part of this progress to international partnerships, including support from France, and welcomed further collaboration to sustain growth.
The Deputy Minister explained that the proposed Fiscal Council will be composed of locally appointed members and will provide advisory support on financial controls and fiscal decision-making. He stressed that the council will reinforce domestic oversight and accountability, safeguarding Ghana’s long-term economic stability.
The council is expected to be operational after Ghana’s exit from the IMF programme, marking a shift towards stronger local ownership of fiscal management.
Ms. Boulestreau reaffirmed France’s commitment to supporting Ghana’s economic development, particularly in infrastructure and energy. She emphasized the potential for French businesses to invest in Ghana’s expanding economy and contribute to the country’s development agenda.
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