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Ghana's Finance Minister unveils plan to reduce national debt by auditing payables and tightening fiscal rules.
Ghana's Finance Minister, Dr. Cassiel Ato Forson, has unveiled a plan to tackle the country's large government debts from 2024.
The strategy includes auditing all outstanding payables, amending procurement laws to prevent unapproved spending, and setting fiscal rules to lower the debt-to-GDP ratio to 45% by 2035.
An Independent Fiscal Council and a Compliance Division will monitor adherence to these rules, aiming to enhance transparency and fiscal discipline in public financial management.
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El ministro de Finanzas de Ghana revela un plan para reducir la deuda nacional mediante la auditoría de las cuentas por pagar y el endurecimiento de las normas fiscales.