Former Finance Minister and Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has cautioned Finance Minister Dr Cassiel Ato Forson against manipulating economic figures, warning that such actions could erode investor confidence in Ghana.
Speaking at a press conference for the Minority Caucus on Thursday, March 13, Dr Amin Adam accused Dr Forson of misrepresenting key economic data to paint a negative picture of the country’s financial situation.
He argued that presenting misleading statistics could have serious consequences for Ghana’s economic credibility.
“So, you see, if you cook figures to create a narrative to run your country down, international investors will show you where power lies,” he remarked.
Dr Amin Adam stressed that maintaining investor trust is crucial for attracting foreign capital, cautioning that inaccurate fiscal reporting could lead to higher borrowing costs and reduced investor interest in Ghana’s financial markets.
He urged the government to prioritize transparency and accuracy in economic data to safeguard the nation’s reputation.
“If we do not uphold credibility in our financial reporting, we risk making Ghana unattractive to the very investors we need,” he warned.
Dr Amin Adam concluded by calling on the Finance Minister to correct any discrepancies in the 2025 Budget to ensure a true reflection of Ghana’s economic position.
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