Ghana sets up presidential advisory group to steer economic policy

Ghana’s government has set up a 12-member presidential advisory group to provide strategic guidance on economic policy, drawing together senior figures from academia, public service and the private sector.

The Presidential Advisory Group on the Economy will advise President John Mahama on macroeconomic management, fiscal consolidation, debt sustainability and industrial development, the government said on Thursday.

Vice President Jane Naana Opoku-Agyemang is among the members, alongside veteran economist and private sector leader Kwame Pianim and industrialist Sir Sam Jonah. Other members include former finance minister Kwabena Duffuor, private sector executive Ishmael Yamson and Nana Oye Mansa Yeboaa, a lawyer and governance expert.

The group also features former Bank of Ghana governor Henry Kofi Wampah, business leader Togbe Afede XIV, Ghana Stock Exchange chief executive Abena Amoah, and academics Priscilla Twumasi Baffour and Patience Aseweh Abor.

Officials said the advisory body is intended to provide non-partisan, evidence-based advice directly to the president at a time when Ghana is seeking to stabilise its economy following years of high inflation, a weak currency and elevated debt levels.

According to a statement, the group will support policy formulation on export-led growth, private sector development, investment mobilisation and job creation, while also advising on major productivity-enhancing reforms across key sectors of the economy.

It will carry out periodic assessments of Ghana’s economic performance and offer recommendations aimed at strengthening fiscal discipline and restoring confidence among investors and development partners.

The advisory group will also contribute expert input to government engagements with bilateral and multilateral partners, international financial institutions and investors, officials said.

Ghana has been implementing economic reforms under an International Monetary Fund-supported programme, while pursuing measures to boost domestic revenue, expand industrial capacity and improve the business environment.

Authorities said the diverse expertise represented on the panel would help ensure more coherent and forward-looking economic governance as the government seeks to consolidate recent stabilisation gains and lay the foundation for sustained growth.

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