Government to set up independent fiscal council after IMF programme ends
The government has announced plans to establish an Independent Fiscal Council to oversee public finances after Ghana completes its programme with the International Monetary Fund.
In a Facebook post on Wednesday, February 12, 2026, the Ministry of Finance said Deputy Minister Thomas Nyarko Ampem outlined the plan at a meeting with senior French economic officials in Accra on Tuesday, February 11.
He said the council would be composed of locally appointed experts and serve as an advisory body on fiscal controls and economic decisions once Ghana exits the IMF arrangement.
“The council will provide advisory support on financial controls and fiscal decision making, providing stronger domestic oversight and accountability,” Mr Ampem said.
He said the initiative seeks to strengthen local ownership of Ghana’s fiscal management and protect long-term economic stability after the IMF programme ends.
The disclosure came when the Head of the Regional Economic Department of France for Nigeria and Ghana, Ms Emmanuelle Boulestreau, and the Head of the French Economic Department at the French Embassy in Ghana, Mr Julien Frioux, paid a courtesy call on the Deputy Minister.
The meeting addressed economic ties between Ghana and France, with attention to infrastructure, energy and regional development.
Mr Ampem expressed confidence in Ghana’s economic recovery and attributed progress in part to international partnerships, including support from France.
He said targets under the IMF programme remain on course and pointed to improving macroeconomic indicators.
“Inflation has declined to 3.8 per cent and major economic indicators are trending positively,” Mr Ampem said, adding that the government intends to maintain fiscal discipline.
He welcomed deeper engagement with France to sustain economic gains and draw investment into priority sectors.
Ms Boulestreau said France remains ready to support Ghana’s development agenda.
She pointed to prospects for French firms to expand their presence in Ghana, particularly in infrastructure and energy projects, and expressed optimism about the country’s outlook.
