Vice President Professor Jane Naana Opoku-Agyemang says reforms at the Ministry of Finance are strengthening fiscal discipline, protecting critical national investments and supporting the government’s Reset Agenda.
The announcement was made by Vice President Professor Jane Naana Opoku-Agyemang following a working visit to the Ministry of Finance, where she engaged the Minister for Finance, Dr. Cassiel Ato Forson, Deputy Finance Minister Thomas Nyarko Ampem, the Ministry’s Chief Director, directors and staff as part of her ongoing visits to Ministries, Departments and Agencies (MDAs).
The visit forms part of efforts by the Presidency to strengthen coordination with government institutions, assess progress made under the administration’s Reset Agenda and identify areas requiring additional support to improve policy implementation and service delivery.
“The reforms outlined by the Ministry demonstrate a deliberate effort to protect strategic national funds while restoring confidence in Ghana’s public financial management system.
Vice President Professor Jane Naana Opoku-Agyemang
Among the key reforms presented during the engagement was the government’s decision to uncap the National Health Insurance Fund, GETFund and the Road Maintenance Trust Fund.
Health, Education And Road Funds Prioritised
The move is expected to ensure that statutory allocations to the three funds are transferred in full, providing greater financial certainty for healthcare delivery, educational infrastructure and road maintenance across the country.
The Vice President noted that the Ministry also briefed her on significant allocations being made to flagship government programmes, including the Big Push infrastructure initiative and the operationalisation of the Women’s Development Bank, both of which form central pillars of the government’s economic transformation agenda.
According to her, the reforms illustrate government’s determination to direct public resources toward programmes that stimulate economic growth while improving access to essential public services.
Finance Ministry Details Fiscal Recovery Measures
During the meeting, Ministry of Finance outlined the difficult fiscal conditions inherited by the current administration and the comprehensive reforms being pursued to restore macroeconomic stability.
The Vice President disclosed that she was briefed on the progress made in Ghana’s debt restructuring programme, including the successful repayment of Eurobond obligations and other significant debt commitments.
The Ministry also indicated that preparations are underway to honour substantial debt repayment obligations expected in the coming years while maintaining fiscal discipline and reducing the country’s fiscal deficit over the medium term.
“The Ministry outlined the difficult fiscal conditions inherited by the Government and the comprehensive reforms being implemented to restore macroeconomic stability.”
Vice President Professor Jane Naana Opoku-Agyemang
Government officials explained that these measures are intended to place Ghana on a more sustainable fiscal path by strengthening public finances while rebuilding investor confidence in the economy.
Legislative Reforms Supporting Economic Management
The Vice President further disclosed that the Ministry highlighted several legislative reforms aimed at strengthening accountability and improving public financial management.
These include amendments to the Public Financial Management Act and the Public Procurement Act, as well as the enactment of the Value for Money Act, which seeks to enhance efficiency and accountability in the use of public resources.
The Ministry also outlined ongoing efforts to improve domestic revenue mobilisation and restructure the Ghana Cocoa Board (COCOBOD) as part of broader measures to strengthen the country’s economic fundamentals.
According to Professor Opoku-Agyemang, the reforms collectively demonstrate government’s commitment to prudent fiscal management and sustainable economic governance.
Public Finance Decisions Affect Every Ghanaian
Reflecting on the discussions, the Vice President stressed that decisions taken by the Ministry of Finance extend far beyond government institutions and directly affect the daily lives of citizens.
She noted that prudent management of public finances remains essential if government is to meet the growing demand for infrastructure, healthcare, education and other critical public services.
Professor Opoku-Agyemang observed that Ghana’s significant debt obligations continue to consume resources that could otherwise be invested in national development projects.
She therefore underscored the importance of maintaining the current reform agenda while promoting value addition across key sectors of the economy and strengthening sound budgeting practices.
“Every decision made by the Ministry ultimately affects the lives of ordinary Ghanaians, and our responsibility is to ensure that public finances are managed prudently and transparently.
Vice President Professor Jane Naana Opoku-Agyemang
According to her, staying the course on fiscal reforms remains necessary to reduce the burden of debt servicing and create greater fiscal space for investment in productive sectors.
Vice President Commends Ministry’s Leadership
Professor Opoku-Agyemang commended the leadership of Finance Minister Dr. Cassiel Ato Forson, his deputy Thomas Nyarko Ampem, management and staff of the Ministry for their professionalism and commitment to implementing reforms under challenging economic conditions.
She acknowledged what she described as the discipline and dedication demonstrated by officials in pursuing policies that are beginning to produce positive outcomes for the economy.
The Vice President also expressed appreciation to every category of staff within the Ministry, recognising that effective public service depends on the collective efforts of both senior management and support personnel.
“I thank every member of staff, from senior management to the drivers, cleaners, and other support personnel. Their commitment, professionalism, and service remain essential to achieving Government’s vision of a stronger, more resilient, and prosperous Ghana.”
Vice President Professor Jane Naana Opoku-Agyemang
Reset Agenda Hinges on Strong Institutional Coordination
The working visit forms part of a broader series of engagements by the Vice President aimed at strengthening collaboration between the Presidency and state institutions responsible for implementing government policies.
By directly engaging ministries and agencies, the Presidency hopes to gain a clearer understanding of institutional progress, operational challenges and the support required to accelerate implementation of the government’s Reset Agenda.
The visit also reinforced the administration’s emphasis on accountability, fiscal discipline and coordinated governance as key drivers of Ghana’s economic recovery.
With reforms to public financial management advancing alongside the uncapping of critical statutory funds and continued investment in flagship programmes, government believes the country is laying the foundation for stronger economic resilience, improved service delivery and more sustainable long-term development.
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