Mahama nominates 5 to Fiscal Council
A new chapter in fiscal governance
In a decisive move to strengthen economic management, John Dramani Mahama has nominated five distinguished professionals to serve on the nation’s Fiscal Council. The announcement signals a renewed commitment to fiscal discipline and transparent governance at a time when economic resilience remains a top priority.
Legal backing and institutional reform
The nominations are grounded in law, made pursuant to Section 11D of the Public Financial Management Act, 2016 (Act 921), as amended by the Public Financial Management (Amendment) Act, 2025 (Act 1136). This legal framework provides the foundation for the establishment of the Fiscal Council—an independent body designed to enhance oversight of government finances and ensure adherence to sound fiscal policies.
The vision behind the Fiscal Council
The creation of the Council represents a strategic intervention by the government to reinforce Ghana’s economic architecture. Its core mandate is to promote fiscal prudence, monitor budget implementation, and provide independent, expert analysis to guide policy decisions. By doing so, the Council is expected to serve as a stabilizing force, helping to prevent excessive spending and ensuring long-term sustainability.
Meet the nominees
The five nominees bring together a wealth of expertise across academia, research, and public policy:
Dr Emmanuel Oteng Kumah – Chairperson
Professor Patrick Opoku Asuming – Representative from Academia
Leslie Dwight Mensah – Representative from a Research Think Tank
J. Kweku Bedu-Addo – Former Public Policy Expert (Ministry of Finance)
Dr Henry Akpenamawu Kofi Wampah – Former Public Policy Expert (Bank of Ghana)
Together, they embody a blend of academic rigor, analytical depth, and practical experience in economic governance.
A watchdog for the national budget
One of the Council’s most critical responsibilities will be to monitor the execution of the national budget. By keeping a close watch on government expenditure, it will help ensure that spending aligns with approved limits and broader fiscal goals. This oversight function is expected to curb inefficiencies and promote accountability across public institutions.
Toward long-term economic stability
Ultimately, the establishment of the Fiscal Council is about safeguarding Ghana’s economic future. By enforcing discipline and encouraging evidence-based policymaking, the Council is poised to play a pivotal role in fostering stability, boosting investor confidence, and supporting sustainable development.
As the nominees await confirmation, expectations are high that this new body will mark a turning point in the country’s journey toward stronger financial governance.
