Former Finance Minister and current Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has accused Finance Minister Dr Cassiel Ato Forson of inflating expenditure figures in the 2025 Budget Statement by GH¢49.2 billion.
According to Dr Amin Adam, this was a deliberate attempt to misrepresent the financial management of the previous New Patriotic Party (NPP) administration.
Speaking at a press conference held by the Minority Caucus on Thursday, March 13, he challenged the credibility of the figures presented, arguing that the budget data exaggerated the fiscal deficit at 7.6% of GDP and the primary deficit at 3.6% of GDP.
“An economy with such strong revenue performance and expenditure management, as seen from the budget data, cannot produce the kind of elevated fiscal outturns the Minister announced,” he stated.
Dr Amin Adam further accused the government of fabricating false claims to damage the NPP administration’s reputation.
“They have erroneously churned out wrong data in a bid to tarnish the image of the NPP administration by including GH¢49.2 billion in expenditure claims without any basis,” he alleged.
He warned that such distortions undermine the credibility of Ghana’s fiscal data and could have long-term consequences on investor confidence and the country’s economic outlook.
The former Finance Minister called on the government to provide clear justifications for the expenditure claims and urged Ghanaians to scrutinise the figures presented.
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