Ghanaian President favours changing public finance oversight laws

June 14, 2017 2:33 pm
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GhanaianPresident Nana Akufo-Addo is contemplating changes to the country’s Constitution. The amendments will give lawmakers more control over public finances. Ghana is battling rising public debt following the discovery of about 1-point-6 billion dollars in unplanned spending by the previous administration of President John Mahama. The new government is also seeking better terms for a three-year 9-hundred-million dollar bailout package from the International Monetary Fund. The cedi has weakened 6-point-1 percent this year. However, it’s unlikely to be a smooth process, as there’s no consensus on the proposed changes to the Constitution.

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