President John Dramani Mahama has nominated five high-caliber professionals to the Ghana Fiscal Council.
This is a decisive move aimed at fortifying Ghana’s economic guardrails.
The nominations, made pursuant to Section 11D of the Public Financial Management Act, 2016 (Act 921), signal a renewed commitment to fiscal transparency and the long-term sustainability of the nation’s public purse.
The nominees represent a strategic blend of seasoned regulators, academic theorists, and private-sector veterans.
Leading the council is Dr. Emmanuel Oteng Kumah, an economist with deep international experience, who has been tapped as Chairperson.
Joining him are four distinguished experts:
Dr. Henry Akpenamawu Kofi Wampah, former Governor of the Bank of Ghana, who brings unparalleled insight into monetary policy and financial stability;
J. Kweku Bedu-Addo, a renowned figure in the banking sector with extensive experience in emerging markets and corporate governance;
Prof. Patrick Opoku Asuming, a respected academic and economist known for his rigorous analysis of developmental policy; and
Leslie Dwight Mensah, a highly regarded researcher and policy analyst specializing in public finance.
The Fiscal Council isn’t just another committee; it is a statutory requirement designed to act as an independent watchdog.
Its primary mandate is to:
Strengthen oversight by monitoring the execution of the national budget;
Promote prudence by ensuring that the government adheres to fiscal rules and prevents excessive deficit spending; and
Guide sound decision-making by providing expert advice on public financial management to prevent economic volatility.
”The inclusion of these professionals suggests a ‘no-nonsense’ approach to the economy,” says one financial analyst. “By bringing in figures like Dr. Wampah and Dr. Kumah, the administration is leaning on institutional memory and technical rigor to restore investor confidence.”
The nominees are expected to undergo the necessary vetting and administrative processes before assuming their roles.
Once inaugurated, the Council will be tasked with the immediate challenge of navigating Ghana’s current fiscal landscape, ensuring that public spending aligns with the country’s growth targets and debt sustainability frameworks.
With this move, President Mahama underscores a shift toward evidence-based policy—a critical step for a nation looking to anchor its economy on the pillars of discipline and accountability.
By 1960news.com
