The Ministry of Finance has unveiled a series of ambitious structural reforms aimed at restoring fiscal discipline, increasing transparency, and reinforcing debt sustainability, as part of Ghana’s ongoing IMF-supported recovery programme.
Speaking at the MOF-BOG-IMF joint press conference, Finance Minister Dr Cassiel Ato Forson outlined measures being taken to reverse prior breaches of structural and quantitative targets.
“We have worked tirelessly to reverse the situation and, in some cases, fast-tracked the implementation of certain structural reforms ahead of schedule,” he remarked.
Among the most significant reforms is the commissioning of the Auditor-General, supported by two international firms, to audit and validate the legitimacy of the 2024 arrears.
The results, expected within eight weeks, will guide corrective action and promote accountability.
Further reforms include amendments to the Public Financial Management Act and the Procurement Act to introduce fiscal rules and enhance control over public expenditure.
A newly launched Compliance Desk will monitor adherence across MDAs, backed by a soon-to-be-published compliance league table.
“These bold steps are not just technical fixes—they are about restoring trust in public financial management,” Dr. Forson added, emphasising the importance of long-term credibility and sustainability in Ghana’s economic governance.
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