President John Dramani Mahama has sworn in Ghana’s new Independent Fiscal Council, charging its members to strengthen public financial discipline and help protect the country’s economic stability.
The five-member body was established under the Public Financial Management Amendment Act, 2025, Act 1136. It will independently scrutinise government expenditure, assess debt sustainability and monitor transparency in the management of public resources.
“Fiscal responsibility must not be regarded merely as a statutory requirement; it is a moral obligation to present and future generations,” President Mahama said during the ceremony.
He asked the Council to base its work on credible evidence and the national interest, without allowing political considerations to shape its assessments.
Oteng Kumah chairs Council
International economic consultant Dr Emmanuel Oteng Kumah will chair the Council.
Other members are former Bank of Ghana Governor Dr Henry Kofi Wampah; Professor Patrick Opoku Asuming of the University of Ghana Business School; think tank representative Leslie Dwight Mensah; and public policy expert J. Kweku Bedu-Addo.
Their appointment places a new layer of independent scrutiny over Ghana’s fiscal management at a time when the government is seeking to consolidate economic recovery and rebuild confidence in state finances.
The Council is expected to examine whether spending decisions remain consistent with Ghana’s fiscal rules and long-term debt objectives.
Its credibility, however, will depend on its willingness to publish frank assessments, including when the government misses its own targets.
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