Parliament has passed the Fiscal Responsibility Act to ensure prudent spending
The bill was passed under a certificate of urgency, the Fiscal Responsibility Bill.
The bill will also maintain fiscal discipline as the country exits the IMF Program.
It seeks to ensure fiscal responsibility, macroeconomic stability, and debt sustainability.
Finance Minister, Ken Ofori Atta, in explaining the bill said it will also give guidance to anyone who takes over management of the economy in other not to destabilise it.
“As we exit the IMF Program this year, we want to ensure that investors are comfortable and that we will manage our economy well. This bill will give us some guidance and ensure that the future management of our economy is well done,” he said.