Ministry of Finance Ghana announces Value for Money Bill and new reserve accumulation targets

Dr. Patrick Nomo Chief Director Ministry of Finance Ghana
Dr. Patrick Nomo Chief Director - Ministry of Finance Ghana
0Comments

The Ministry of Finance, Ghana, led by Dr. Cassiel Ato Forson, announced two major policy initiatives in late February 2026 via its official Twitter account. The announcements concern legislative and policy measures aimed at improving public financial management and strengthening the country’s external reserves.

On February 24, 2026, the Ministry stated: “Finance Minister Lays Value for Money Office Bill Before Parliament

The Minister for Finance, Dr. Cassiel Ato Forson, has laid before Parliament the Value for Money Office Bill, describing it as a decisive step to tackle chronic inefficiencies in Ghana’s public financial https://t.co/sTQRqSu3uX“. This bill is intended to address persistent inefficiencies within Ghana’s public financial system.

A day later, on February 25, 2026, further details were shared regarding new national economic policies. One post read: “Finance Minister unveils Ghana’s first comprehensive national policy designed to build external reserves and safeguard the nation’s future
The Minister for Finance, Dr. Cassiel Ato Forson, has unveiled Ghana’s first-ever comprehensive national policy specifically designed to”
. Another tweet from the same date outlined specific targets under this new framework: “Target: 15 Months of Import Cover by 2028
Under GANRAP, Government is targeting an ambitious increase in reserves to the equivalent of 15 months of import cover by end-2028. The policy sets intermediate milestones of:
• 8.6 months by end-2026
• 11.8″
.

These developments come amid ongoing efforts by Ghanaian authorities to strengthen fiscal discipline and macroeconomic stability following periods of economic volatility in recent years. The Value for Money Office Bill aims to ensure better oversight and efficiency in public spending while the new reserve accumulation policy—referred to as GANRAP—sets clear benchmarks for foreign reserve growth through 2028.



Related

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from West Africa Wire.