President John Dramani Mahama has sworn in a five-member Independent Fiscal Council as part of efforts to strengthen Ghana’s economic management, improve public financial discipline and promote greater transparency in the use of state resources.
The Council was established under the Public Financial Management (Amendment) Act, 2025 (Act 1136), with a mandate to scrutinise government spending, monitor debt sustainability and provide independent oversight of public resource management.
At the swearing-in ceremony, President Mahama charged the Council to discharge its responsibilities independently and in the national interest, stressing the importance of fiscal discipline to Ghana’s long-term economic stability.
“Fiscal responsibility must not be regarded merely as a statutory requirement; it is a moral obligation to present and future generations,” President Mahama said.
He urged members of the Council to base their assessments and recommendations on evidence while avoiding political considerations in the performance of their duties.
The President said the Council’s work would be critical to strengthening accountability in the management of public finances and helping restore confidence in Ghana’s fiscal governance.
The five-member Council is chaired by Dr Emmanuel Oteng Kumah, an international economic consultant.
Other members are Dr Henry Kofi Wampah, former Governor of the Bank of Ghana; Professor Patrick Opoku Asuming of the University of Ghana Business School; Leslie Dwight Mensah, a think tank representative; and J. Kweku Bedu-Addo, a public policy expert.
