{ "title": "IMF Staff Concludes Governance Diagnostic for Ghana", "publication": "IMF News, November 9, 2023", "sourceUrl": "https://www.imf.org/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic", "canonical": "https://www.imf.org/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic", "overlayPath": "/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic/index.md", "summary": "At the request of the Ghanaian authorities, an IMF Technical Assistance mission led by Gomiluk Otokwala visited Accra over the period October 16 – 27, 2023 to conduct a Governance Diagnostic.", "publishDate": "2023-11-09", "sections": [ { "heading": "Mission overview", "content": "- Press Release No. 23/387\n- Date of publication: November 9, 2023\n- Mission period in Accra: October 16–27, 2023\n- Led by: Gomiluk Otokwala\n- Departments represented: Legal, Fiscal Affairs, Monetary and Capital Markets" }, { "heading": "Objectives of the Governance Diagnostic", "content": "- Support the authorities’ efforts under the Post Covid-19 Program for Economic Growth to:\n - address gaps in the country’s governance systems\n - promote the efficiency of public spending\n - enhance competitiveness\n - lay the foundations for higher and more inclusive growth\n- Assess scope and strength of the governance and anti-corruption framework in Ghana\n- Identify gaps and offer reform options guided by the IMF’s framework for Enhanced Engagement in Addressing Governance Weaknesses" }, { "heading": "Areas assessed and issues discussed", "content": "- Anti-corruption framework in:\n - revenue administration\n - public financial management\n - rule of law (in particular, enforcement of property rights)\n - controls for Anti-Money Laundering / Combatting the Financing of Terrorism\n - governance in financial sector oversight\n- Recent initiatives by Ghanaian authorities to strengthen governance and options to further reinforce those initiatives" }, { "heading": "Engagements and stakeholders consulted", "content": "- Met with Ghanaian authorities including:\n - the Chief Justice of Ghana and some Supreme Court Justices\n - the Attorney General and Minister for Justice\n - Deputy Minister for Finance in charge of Revenue\n - the Governor and Deputy Governors of the Bank of Ghana\n- Met with heads and senior staff of key institutions and agencies including:\n - Ministry of Finance\n - Bank of Ghana\n - Office of the Special Prosecutor\n - Ghana Revenue Authority\n - Public Procurement Authority\n - Commission on Human Rights and Administrative Justice\n - Ghana Police Service\n- Consultations also included senior officials and representatives of:\n - the private sector\n - academia\n - civil society\n - international development partners" }, { "heading": "Process and next steps", "content": "- Collaboration on the Governance Diagnostic will continue until the exercise concludes with the finalization of a report\n- The report, setting out the findings in detail as well as recommendations, is expected to be finalized in the first quarter of 2024" }, { "heading": "Contacts", "content": "- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Nicolas Mombrial\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- @IMFSpokesperson\n\nIMF Staff Concludes Governance Diagnostic for Ghana — Press Release No. 23/387, November 9, 2023\n\n---\n\n\n References\n\n- Ghana and the IMF\n- Press Releases\n- PRESS CENTER\n- IMF’s framework for Enhanced Engagement in Addressing Governance\nWeaknesses\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic" } ], "bullets": [ "[Markdown version](/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic/index.md)", "[Structured JSON version](/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic/index.json)", "[Bundle manifest](/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic/bundle-manifest.json)", "Published: November 9, 2023", "Press Release No. 23/387", "Date of publication: November 9, 2023", "Mission period in Accra: October 16–27, 2023", "Led by: Gomiluk Otokwala", "Departments represented: Legal, Fiscal Affairs, Monetary and Capital Markets", "Support the authorities’ efforts under the Post Covid-19 Program for Economic Growth to:", "Assess scope and strength of the governance and anti-corruption framework in Ghana", "Identify gaps and offer reform options guided by the IMF’s framework for Enhanced Engagement in Addressing Governance Weaknesses", "Anti-corruption framework in:", "Recent initiatives by Ghanaian authorities to strengthen governance and options to further reinforce those initiatives", "Met with Ghanaian authorities including:", "Met with heads and senior staff of key institutions and agencies including:", "Consultations also included senior officials and representatives of:", "Collaboration on the Governance Diagnostic will continue until the exercise concludes with the finalization of a report", "The report, setting out the findings in detail as well as recommendations, is expected to be finalized in the first quarter of 2024", "IMF Communications Department, MEDIA RELATIONS", "PRESS OFFICER: Nicolas Mombrial", "Phone: +1 202 623-7100", "Email: MEDIA@IMF.org", "@IMFSpokesperson", "[Ghana and the IMF](http://www.imf.org/external/country/GHA/index.htm)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[IMF’s framework for Enhanced Engagement in Addressing Governance", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "alternates": { "markdown": "/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic/index.md", "json": "/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic/index.json", "bundleManifest": "/en/news/articles/2023/11/09/pr23387-ghana-imf-staff-concludes-governance-diagnostic/bundle-manifest.json" }, "generatedAtUtc": "2026-09-26T02:29:30.926Z" }