Isaac Adongo, MP for Bolgatanga Central and board member of the Bank of Ghana, has described Ghana’s progress under the IMF program as encouraging but cautioned that the economic recovery journey is still ongoing.
Speaking on GHOne TV, he revealed that the government uncovered over GH¢45 billion in arrears, far exceeding IMF projections, with some agencies making massive financial commitments without approval.
To tackle this, Adongo highlighted new measures including amendments to the Public Procurement Act, empowering the PPA to block unapproved contracts, and enforcing stricter oversight at institutions like ECG.
He also hinted at reforming audit processes for state-owned enterprises to eliminate lax accountability. According to him, these reforms are vital steps toward restoring fiscal discipline and plugging long-standing financial loopholes.
