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 stable economy before handing over to the National Democratic Congress (NDC) government.
He maintained that key economic indicators showed 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 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 resulted from skilled negotiations and the implementation of a sound 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 that 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 foundation laid by its predecessor.
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