GNCCI Business Brief (07-11 Jan, 2019)
The government has passed the historic Fiscal Responsibility
Act towards anchoring fiscal discipline and ensuring prudent economic management. The Act establishes the Fiscal Council and the Financial Council. Amongst other responsibilities, the Fiscal Council will develop and recommend policies for the maintenance of prudent and sustainable levels of debt. The Financial Stability Council will strengthen and reinforce the stability of the financial sector, acting as an inter-institutional consultative body. Ghana is the first country in sub-Sahara Africa to establish a Fiscal Council; Download the full article here.