The Government of Ghana has announced plans to establish an Independent Fiscal Council aimed at bolstering financial oversight and decision-making after the country concludes its International Monetary Fund (IMF) programme.
Deputy Finance Minister Hon. Thomas Nyarko Ampem made the revelation during a courtesy visit by Ms. Emmanuelle Boulestreau, Head of the Regional Economic Department for France in Nigeria and Ghana, and Mr. Julien Frioux, Head of the French Economic Department at the French Embassy in Ghana. Discussions focused on enhancing economic ties between Ghana and France, with emphasis on regional development and mutual growth opportunities.
Hon. Ampem expressed optimism over Ghana’s economic recovery, highlighting that IMF programme targets remain on track, inflation has fallen to 3.8 percent, and key macroeconomic indicators show positive trends. He attributed progress partly to international partnerships, including support from France, and welcomed deeper bilateral collaboration to sustain economic growth.
The Deputy Minister disclosed that the Independent Fiscal Council will comprise locally appointed members and will provide advisory support on financial controls and fiscal policy. “The council will be implemented after Ghana exits the IMF programme,” he said, “reinforcing domestic ownership of fiscal management and safeguarding long-term economic stability.”
Ms. Boulestreau reaffirmed France’s commitment to Ghana’s economic development, particularly in infrastructure and energy. She also underscored the potential for French businesses to invest in Ghana’s growing economy and contribute to the country’s development agenda.
The establishment of the Fiscal Council signals Ghana’s intent to strengthen domestic oversight, enhance accountability, and ensure sustainable economic governance as the country transitions to post-IMF fiscal independence.