President Akufo-Addo inaugurated a six-member Presidential Fiscal Responsibility Advisory Council on Tuesday to monitor the performance of government’s budgets to ensure compliance with fiscal rules and targets.
The council, chaired by economist and former Governor of the Bank of Ghana (BoG), Dr. Paul Acquah, comprises Abdallah Ali-Nakyea, Prof. Eugena Amporful, Dr. Nii Noi Ashong, Prof Augustine Fosu, Dr. Robert Osei and Dr. Nii Kwaku Sowa.
At a short ceremony at the Jubilee House in Accra, President Akufo-Addo urged the eminent economists to discharge their duties effectively and advise him appropriately.
“You have all been carefully chosen because of your expertise, knowledge and accomplishment. I wish you God’s guidance and the best of luck,” the President added.
The Council has been tasked to develop and recommend policies for the maintenance of prudent and sustainable levels of public debt, ensure the maintenance of fiscal balance at a sustainable level to achieve efficiency, effectiveness and value for money in public expenses.
Dr. Acquah expressed appreciation to the President for the honour done them, saying they would bring their expertise to bear on their work to justify the confidence reposed in them.
He described the council as a historic policy institution, saying “it’s declaration of strategic shift of national commitment to the prudent management of publIc finances.”
(By Charles Takyi Boadu)