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Public finances: Ghana announces the creation of an independent fiscal council

18/02/2026
Source : ORISHAS FINANCE
Categories: Sectors

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During an exchange with a French delegation composed in particular of Emmanuelle Boulestreau, Head of the Economic Department regional office for Nigeria and Ghana, and Julien Frioux, Head of Department Economic Affairs of the French Embassy in Accra, Thomas Nyarko, Deputy Minister des Finances announced the upcoming creation of an independent fiscal council in Ghana.

Ghana plans to strengthen control of its public finances, so the IMF assistance program is coming to an end. This future institution is composed of national experts. His role will be to analyze the State's budgetary choices, to assess economic forecasts and formulate opinions on the management of public finances. The aim is to strengthen transparency, accountability and fiscal sustainability, that is to say, the country's ability to control its spending and debt over the long term term. Its implementation will require the adoption of a formal legal framework, by legislative or regulatory process. The precise modalities of operation, its degree of independence and its financial resources have not yet been detailed.

Noted that Ghana is coming to an end of its program in progress with the Monetary Fund international (FMI ) . As a reminder, a IMF program corresponds to an agreement where foreign currency resources are made available to a country, with as a constraint for the beneficiary, the implementation of reforms aimed at stabilizing the economy, but especially to guarantee that it will be able to repay its external debt.

Ghanaian authorities indicated that they were not considering applying for a new program at this stage the outcome of the current agreement, evoking the desire to “leave with dignity” device.

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