Fiscal Responsibility Act, 2018 🇬🇭

Ghana

Republic of Ghana

The nine hundred and eighty-second

Act

of the parliament of the republic of ghana

entitled

Fiscal Responsibility Act, 2018

Published by Government Gazette on 31 December 2018
Assented to on 28 December 2018
Commenced on 31 December 2018

AN ACT to provide for fiscal responsibility rules to ensure macroeconomic stability and debt sustainability and to provide for related matters.PASSED by Parliament and assented to by the President:

1. Object of this Act

(1)The object of this Act is to provide for fiscal responsibility rules to ensure macroeconomic stability and debt sustainability.

(2)For the purposes of subsection (1), fiscal responsibility rules sh

(a)correct distorted incentives;

(b)ensure fiscal discipline;

(c)prevent fiscal slippages; and

(d)improve fiscal and debt sustainability.

2. Fiscal responsibility rules

Despite the fiscal policy indicators stated in section 16 of the Public Financial Management Act, 2016 (Act 921), the following numerical fiscal responsibility rules shall…

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