Ghana’s Finance Minister has announced a major shift toward stronger fiscal discipline and transparency, signalling what he describes as a new era of accountability in the management of public funds.
Speaking at a stakeholder engagement on economic reform, the Minister stressed that government institutions must adopt stricter financial controls, improve reporting systems, and ensure that every cedi spent delivers measurable value to citizens.
He noted that past challenges—ranging from inefficiencies in procurement processes to weak monitoring of public projects—have contributed to fiscal pressures. Addressing these issues, he said, is essential for restoring public confidence and strengthening Ghana’s economic stability.
“Our goal is to ensure that public spending is efficient, transparent, and fully aligned with national priorities. Accountability will no longer be optional—it will be the standard,” he stated emphatically.
As part of the reforms, the Ministry is rolling out new digital tracking tools to monitor government expenditures in real time, enhance revenue collection, and reduce leakages across public institutions.
The Minister also highlighted ongoing efforts to collaborate with anti-corruption bodies, audit institutions, and civil society organisations to promote independent oversight of government finances.
Economic analysts have welcomed the announcement, describing it as a timely intervention that can support sustainable growth, especially as Ghana navigates post-debt restructuring recovery.
The Finance Minister urged all public agencies to embrace the reforms, adding that accountability must become a national culture, not just a government directive.
