Accra will on Wednesday, August 27, host a high-level policy roundtable on the establishment of Ghana’s new Fiscal Council, a body mandated under the Public Financial Management (Amendment) Act, 2025, to strengthen oversight of the country’s public finances.
The roundtable, convened by the International Institute for Sustainable Development (IISD) and the IMANI Center for Policy & Education, will bring together government officials, Members of Parliament, development partners, civil society and researchers at the Tang Palace Hotel to discuss how to design and implement the Council in a credible and independent way.
The Fiscal Council will be tasked with monitoring and advising on fiscal performance, with the Act setting a fiscal surplus target of at most 1.5% of GDP and a public debt ceiling of 45% of GDP by 2034. Organisers say the institution is intended to help anchor fiscal discipline after years of debt distress and macroeconomic instability.
A new report will be presented at the event outlining a roadmap for an effective Council, with recommendations focused on ensuring access to real-time fiscal data, embedding transparency through public reporting, and building capacity for independent debt analysis.
According to IISD and IMANI, a well-designed Fiscal Council could strengthen accountability and investor confidence, improve budget credibility, and help ensure fiscal policy supports priority areas such as education, health and infrastructure.
The dialogue session will examine how the Ministry of Finance, Parliament and development partners can integrate the Council’s work into the budget process and reinforce fiscal oversight while balancing Ghana’s development needs.
The International Institute for Sustainable Development, one of the organisers, is a global think tank with offices in Canada and Switzerland, and works in nearly 100 countries to advance sustainable resource management, climate stability and fair economies.
