Ghana set to establish Independent Fiscal Council for post-IMF oversight

The Government of Ghana has announced plans to set up an Independent Fiscal Council to enhance financial oversight and support decision-making once the country exits the International Monetary Fund (IMF) programme.

The announcement was made by the Deputy Minister of Finance, Thomas Nyarko Ampem, during a courtesy visit from the Head of the Regional Economic Department of France for Nigeria and Ghana, Emmanuelle Boulestreau, and the Head of the French Economic Department at the French Embassy in Ghana, Julien Frioux.

The meeting focused on strengthening economic ties between France and Ghana, with an emphasis on regional development initiatives and opportunities for mutual growth.

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Ampem expressed optimism about Ghana’s economic recovery, attributing progress partly to international partnerships, including support from France.

He noted that IMF programme targets remain on track, inflation has fallen to 3.8 percent, and key macroeconomic indicators are showing positive trends. He also welcomed deeper collaboration between Ghana and France to sustain economic growth.

The Deputy Minister further disclosed plans to establish an Independent Fiscal Council composed of locally appointed members.

According to him, the council will provide advisory support on financial controls and fiscal decision-making, ensuring stronger domestic oversight and accountability.

He added 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.

Boulestreau reiterated France’s commitment to supporting Ghana’s economic development, particularly in infrastructure and energy.

She highlighted the strong potential for French businesses to invest in Ghana’s expanding economy and contribute meaningfully to the country’s development agenda.