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The International Monetary Fund (IMF) has said that eliminating gaps in the anti‑corruption framework would strengthen Ghana’s governance record and support investor confidence.
According to the Fund, a meaningful public disclosure of standardized asset declarations, subject to appropriate privacy safeguards, would be a key step in this direction.
The IMF had said that protecting public resources requires continued reform efforts in the energy and cocoa sectors.
In the energy sector,it said, priority should be given to tackling distribution and collection losses at the Electricity Company of Ghana (ECG), including by finalizing the private sector participation in distribution sector, enhancing payment discipline, clearing legacy arrears, and reducing generation costs.
In the cocoa sector, it added, recent interventions have provided some relief, but deeper reforms are needed to address longstanding vulnerabilities.
Priority should be given to strengthening the legislative framework to streamline costs, including through more frequent farmgate price adjustments, improve efficiency, and ensure Cocobod’s long-term financial sustainability, it said.
It srtsessed in a statement that “Eliminating gaps in the anti‑corruption framework would strengthen Ghana’s governance record and support investor confidence.
