The Fiscal Risk Committee has been sworn in by the Minister of Finance Ken Ofori-Atta.
This was in line with Public Financial Management Regulations, 2019, LI 2378.
The Ministry of Finance said this is part of the government’s commitment to strengthening fiscal management.
Fiscal Risk Committee sworn in inline with Public Financial Management Regulations, 2019, LI 2378. This is part of government’s commitment to strengthening the fiscal management and ensure that necessary arrangements are put in place to identify and manage fiscal risks prudently pic.twitter.com/GXfih2EqHc
— Ministry of Finance, Ghana (@MoF_Ghana) May 3, 2023
It is also to ensure that necessary arrangements are put in place to identify and manage fiscal risks prudently.
Fiscal risk refers to the possible deviations of fiscal outcomes from their targets arising mainly from macroeconomic shocks and the realization of contingent liabilities.