The Technical Advisor at the Ministry of Finance, Dr Theo Acheampong, says the government is putting in place strong measures to sustain recent economic gains and avoid a repeat of past fiscal challenges.
Speaking at the quarterly Economic Outlook on Channel One TV on Monday, April 27, on the theme “Taking Stock – Ghana’s Economic Turnaround: What Changed & What Comes Next?,” he said efforts are underway to maintain discipline in public financial management.
“The gains, as far as I am concerned, and where we sit, we are doing everything and anything to make sure that it is sustained. No two ways about that,” he said.
Dr Acheampong noted that lessons from previous economic difficulties have shaped current policy direction, particularly the need for tighter control of public spending.
“We’ve learnt a very painful lesson from the last four years and those big fiscal slippages, those big waste that we saw in the system is not the thing anymore,” he said.
He explained that government is now focused on strengthening rules and legislative frameworks to ensure that fiscal discipline is maintained over time.
“So a number of important things that are being done and being legislated on really is around how you maintain fiscal discipline,” he said.
Dr Acheampong stressed that sustaining current macroeconomic stability requires consistent adherence to these reforms and prudent management of public resources.
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