The International Monetary Fund (IMF) has completed a comprehensive Governance Diagnostic assessment in Ghana, following a formal request from the government on February 17, 2023. The mission, conducted between October 16 and 27, 2023, examined governance gaps and corruption vulnerabilities across key public institutions.
The exercise is part of the IMF’s broader commitment under its 2018 Framework for Enhanced Fund Engagement on Governance, which aims to strengthen transparency, accountability, and anti-corruption practices in member countries.
Prior to the in-person mission, the IMF team held a virtual scoping exercise from September 18 to 29, 2023 to prepare for the on-the-ground work.
Objectives of the Governance Diagnostic
The mission focused on helping Ghana’s authorities:
- Identify major governance weaknesses
- Assess corruption risks across public institutions
- Develop a prioritized and sequenced action plan for reforms
- Strengthen transparency and accountability mechanisms
- Advance structural reforms aligned with international best practices
The diagnostic is expected to support Ghana’s ongoing efforts to restore macroeconomic stability and improve public financial management.
Composition of the IMF Mission Team
The Governance Diagnostic mission was led by Mr. Gomiluk Otokwala and included experts from three IMF departments:
Legal Department (LEG)
- Mr. Ron Snipeliski
- Ms. Rebecca Obare
- Ms. Bonolo Namethe
Fiscal Affairs Department (FAD)
- Mr. Thabo Letjama
- Mr. Ed Hearne
Monetary and Capital Markets Department (MCM)
- Mr. Ravi Mohan Periyakavil Ramakrishnan (expert)
Additional technical support was provided remotely by Mr. David Robinson, who contributed extensively to the drafting of the final report.
The team was further supported by Ms. Rachel Sigman, a short-term expert with deep knowledge of Ghana’s governance challenges, political economy dynamics, and institutional context.
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