The Government of Ghana has announced plans to create an Independent Fiscal Council aimed at improving financial oversight and decision-making once the country completes its programme with the International Monetary Fund (IMF).
Deputy Minister of Finance, Thomas Nyarko Ampem, shared this development during a meeting with Emmanuelle Boulestreau, Head of Regional Economic Department of France for Nigeria and Ghana, and Julien Frioux, Head of the French Economic Department at the French Embassy in Ghana. The discussion centered on enhancing economic relations between France and Ghana, focusing on regional development and opportunities for growth.
Ampem highlighted progress in Ghana’s economic recovery, noting that international partnerships such as those with France have contributed to positive outcomes. He stated that targets under the IMF programme are being met, inflation has dropped to 3.8 percent, and other macroeconomic indicators are showing improvement. He expressed support for further collaboration between Ghana and France to maintain economic growth.
The Deputy Minister outlined that the planned Independent Fiscal Council will consist of members appointed locally. “The council will provide advisory support on financial controls and fiscal decision-making, ensuring stronger domestic oversight and accountability,” he said.
He added that implementation of the council would take place after Ghana exits the IMF programme to reinforce local control over fiscal management and promote long-term economic stability.
Emmanuelle Boulestreau reaffirmed France’s commitment to supporting Ghana’s economic progress, especially in infrastructure and energy sectors. She pointed out investment opportunities for French businesses in Ghana’s growing economy and their potential role in advancing the country’s development goals.