Former Finance Minister and Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has insisted that the New Patriotic Party (NPP) administration left behind a robust and stable economy before handing over to the National Democratic Congress (NDC) government.
He maintained that key economic indicators proved the economy was in good shape despite attempts by the new administration to suggest otherwise.
Speaking at a press conference for the Minority Caucus on Thursday, March 13, Dr Amin Adam accused the Finance Minister, Dr Cassiel Ato Forson, of manipulating fiscal data to paint a negative picture of the economy.
“Ladies and gentlemen, as you know, the manipulation of the fiscal data notwithstanding, the strong health of the economy the NPP handed to the new NDC government continues to be vindicated by other economic indicators,” he stated.
He cited Ghana’s Debt-to-GDP ratio, which stood at 61.8% by the end of 2024, as a key sign of economic strength. According to him, this achievement was not accidental but rather the result of “skilled negotiations and the implementation of a good debt strategy” by the previous government.
He criticised Dr Forson for failing to acknowledge this accomplishment in his budget speech.
“The Hon. Minister could not even acknowledge this important development by the imminent absence of this ratio in his budget speech. Sad!” Dr Amin Adam remarked.
He argued that the NPP’s economic management had positioned Ghana for long-term stability, and any claims of mismanagement were unfounded.
Concluding his remarks, Dr Amin Adam asserted that history would ultimately recognise the achievements of the Akufo-Addo administration.
“Whether we like it or not, it is historic, and history indeed will be kind to the Nana Akufo-Addo government,” he declared, urging the new administration to build upon the strong foundation laid by its predecessor.
