Browsing: Fiscal responsibility

Consequently, Dr. Cassiel Ato Forson, at a high-profile meeting with managing directors of commercial banks in the country last week, announced that the government will be submitting a fiscal responsibility rule legislation to Parliament, setting a debt ceiling that the Ministry of Finance cannot exceed.

This mean that, there could be no new public sector employment in 2025. This is forthright, as President John Mahama has instructed the Finance Minister to cut expenditure as much as reasonably possible.

an economist and finance lecturer at the University of Ghana Business School, Professor Lord Mensah, believes that reviving these fiscal rules should be a key focus of the upcoming National Economic Dialogue, a forum expected to shape policy discussions on Ghana’s economic trajectory post-IMF programme.