Audio By Carbonatix
The International Monetary Fund (IMF)’s Resident Representative in Ghana says restoring trust in public institutions depends on strong and sustained checks and balances in the management of public money, even after the current IMF programme ends.
Dr Adrian Alter, speaking on Joy News’ PM Express Business Edition on Thursday, agreed with concerns that the frequency of IMF programmes in Ghana raises questions about policy credibility and the durability of past reforms.
“I agree,” he said, pointing to safeguards built into Ghana’s fiscal framework as critical tools for rebuilding confidence and preventing a repeat of past slippages.
“With the measures that were put in place, the checks and balances on the Fiscal Responsibility Act and the implementation of the independent Fiscal Council will eventually lead to more checks and balances for how the public money is spent,” he said.
According to him, these mechanisms are designed not only to restrain fiscal excesses but also to rebuild public trust over time.
“And eventually will lead to more trust in the public institutions and the government,” Dr Alter added.
His comments come amid public debate over why Ghana has had to return to the IMF repeatedly, despite earlier programmes that were meant to anchor reforms and stabilise the economy.
Host of the programme, George Wiafe, noted that if reforms were firmly grounded, concerns about policy credibility should not resurface just a few years after programme completion.
Dr Alter said the real test of the current programme would be whether the reforms outlive IMF supervision.
“So we hope that these efforts, these hard-won gains, will not be rolled back once the IMF program ends,” he said.
He stressed that sustaining fiscal discipline beyond the life of the programme is essential.
“And we hope this will continue beyond the program,” he added.
The IMF has repeatedly emphasised that lasting economic stability depends less on external oversight and more on domestic institutions that enforce discipline, transparency and accountability. Dr Alter’s remarks underscore the Fund’s view that Ghana’s long-term credibility hinges on preserving these checks and balances long after the IMF steps back.
Latest Stories
-
Two Chinese win world’s top Maths prize for solving century-old problems
8 minutes -
Today’s Front Pages: Friday, July 24, 2026
11 minutes -
France orders evacuation of tourist spot as hundreds flee wildfires by boat
12 minutes -
25 Ghanaians claim asylum in Canada after World Cup 2026
21 minutes -
Youth unemployment now a national security threat — Economic Fighters League
25 minutes -
Mobilising resources for Ebola response: Africa CDC boss calls for more
45 minutes -
2026 Mid-year budget: Growth without jobs not enough — Prof. Boadi warns
56 minutes -
Enoch Amegbletor eyes Volta Regional NPP Communications Officer position
1 hour -
Kingsley Quiz Competition produces 20 Cuba-trained medical doctors for Ghana
1 hour -
Police arrest alleged motorbike theft syndicate, recover 17 suspected stolen bikes in Upper West
1 hour -
Culture before internal communication: Why Africa needs the Accra Framework
2 hours -
12-year-old girl dies as rainstorm destroys over 40 homes in Yendi
2 hours -
Africa’s next economic frontier will be built from already accumulated knowledge
3 hours -
Airtel Africa dials up London for mobile money IPO
3 hours -
At least 24 killed in bandit attack in northwest Nigeria, residents say
3 hours