As part of governments strategy to institute irreversible structures, the Economic Policy and Coordinating Committee (EPCC) has been reconstituted to ensure the consolidation of macroeconomic stability.
The EPCC is a high-level technical committee mandated to provide strategic policy direction for effective coordination and implementation of the Government’s economic programme and budget.
A statement from the Finance Ministry indicates that the membership of the newly reconstituted EPCC comprises very senior officials from the Ministry, Bank of Ghana (BoG), Controller and Accountant-General’s Department (CAGD), Ghana Revenue Authority (GRA) and Ghana Statistical Service (GSS).
The maiden meeting of the Committee was co-chaired by the Deputy Minister for Finance in charge of Finance, Charles Adu Boahen and the first Deputy Governor of BoG, Dr. Maxwell Opoku-Afari.
Focus of Committee
The deliberations of the Committee at its maiden meeting, were centered primarily on reviewing the Terms of Reference (TOR) of the EPCC, the recent macro-economic developments, 2019 budget implementation strategies, and the status of the IMF Extended Credit Facility (ECF) Programme and the exit strategies for the Fund Programme.
The Committee also considered the need to constitute various sub-Committees/working groups to focus on specific areas of the economy. Consequently, various tasks have been assigned to technical teams to be executed and reported on at the next meeting of the Committee.
By Joshua W. Amlanu