Audio By Carbonatix
Finance Ministry Technical Advisor Dr Theo Acheampong says the government has kept statutory fund transfers up to date, with all releases due from January through August or September paid.
The economist and political risk specialist said this marked a change from previous delays, when January releases could arrive as late as September.
Speaking on Joy News’ PM Express Business Edition on Thursday, he cited the District Assemblies Common Fund and the National Health Insurance Fund among the funds receiving transfers.
“For the first time, we remain current on these funds,” he told host George Wiafe.
“You know, from January to August or September of this year, all of those transfers that need to go have gone.”
Dr Acheampong contrasted that position with the pattern in previous years.
“In the past, you would have had to get to September before you get the January releases coming through.”
He presented the transfers as part of broader reforms underpinning Ghana’s economic turnaround. These include changes to taxation, spending controls and efforts to clear inherited arrears.
Responding to a question about feedback from investor meetings, he said investors were asking how Ghana had managed to restore its economic fundamentals so quickly after the 2022–2024 crisis.
He said a recovery of that kind would typically take at least five years. Ghana, he argued, had achieved it in about a year and a half.
Dr Acheampong attributed the gains to reforms beyond favourable commodity performance.
“And it's not just a commodity story. It's not just the gold story. It's really the hard reforms that have been done to try and sustain those gains.”
He said the government was also focusing on spending in the right areas and strengthening controls over commitments.
According to him, investors could see the results in the country’s economic fundamentals and improved capacity to service its debt.
Latest Stories
-
BoG pledges stability to attract investment, urges stronger Africa–Asia partnerships
2 minutes -
Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks
2 minutes -
Ghana better placed to withstand commodity price shocks – IMF
5 minutes -
GAPTE intensifies efforts to increase bus availability for Aayalolo contra-flow
7 minutes -
Amin Adam warns cedi depreciation could reverse Ghana’s debt relief gains
11 minutes -
Fiscal discipline crucial for pension fund investments – Finance Minister
11 minutes -
BoG Governor rallies IMF to back Africa’s digital sovereignty
16 minutes -
Amin Adam questions government bond pricing as short-term yields fall below inflation
22 minutes -
Five new telephony cell sites to be activated in October 2026 – Sam George
27 minutes -
Amin Adam raises sovereign-bank nexus concerns as banks hold GH¢190bn in government debt
32 minutes -
Government to increase Free SHS feeding allowance in 2027 Budget – Haruna Iddrisu
37 minutes -
Nadowli-Kaleo NCCE engages women’s groups on rule of law, corruption fight
38 minutes -
Mahama visits factories in Afienya/Tema
43 minutes -
TraffiTech-GH pilot reduces road crash injuries, fatalities
48 minutes -
IMF Chief identifies 2 major threats posed by AI to global economy
53 minutes