The Government of Ghana has announced plans to establish an Independent Fiscal Council to strengthen financial oversight and decision-making after the country exits the International Monetary Fund (IMF) programme.
The announcement was made by the Deputy Minister for Finance, Hon. Thomas Nyarko Ampem, 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 focused on strengthening economic ties between France and Ghana, with emphasis on regional development initiatives and opportunities for mutual growth.
Hon. Ampem expressed optimism about Ghana’s economic recovery, attributing the progress partly to international partnerships, including support from France. He stated that IMF programme targets remain on track, inflation has declined to 3.8 percent, and key macroeconomic indicators are showing positive trends. He welcomed deeper collaboration between Ghana and France to sustain economic growth.
The Deputy Minister disclosed that the proposed Independent Fiscal Council will be made up of locally appointed members and will provide advisory support on financial controls and fiscal decision-making to ensure stronger domestic oversight and accountability.
He further indicated that 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 infrastructure and energy, and highlighted the strong potential for French businesses to invest in Ghana’s expanding economy and contribute meaningfully to the country’s development agenda.
