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The International Monetary Fund has unveiled a new blueprint for tackling the global scourge of corruption, conceding that its approach to the issue has been “uneven” in the past. The new policy isn’t perfect, but, if implemented, could represent an important step in throwing the IMF’s weight behind global fight against corruption. While these steps are welcome, by framing corruption exclusively in economic terms, the new policy overlooks the way in which corruption’s corrosive social impact has far-reaching economic implications. For example, it does not direct IMF staff to analyze or document governments’ social spending, such as on health and education.

Stakeholders in Ghana’s education sector have stressed the need for a collective effort to find immediate solutions to risks in the sector that may engender corruption. While the risks are well known and have been documented, it is important to address the root causes so as to curb them from escalating into cases of corruption in the sector. The Transparency International Regional Coordinator for West Africa said there could be no talk of sustainable development of any country without a good educational system, thus the need to address corruption and risks of corruption in the sector.

Higher education institutions play a deciding factor in the development of future leadership and national social cohesion. And here higher education leaders play a critical role. They speak publicly about the ethics of their institution; they explain the details of how their institution manages ethical transgressions on the part of administrators, faculty and students; and they are the first to admit when there has been a failure. Leaders of ethical institutions today can be held to account in a way that is unprecedented.