Mohammed Amin Adam, former Finance Minister and Ranking Member of Parliament’s Finance Committee, has stated that the New Patriotic Party (NPP) administration left behind a strong and stable economy before transferring over to the National Democratic Congress (NDC) government.
According to Amin Adam, major economic data demonstrated that the economy was in good health, despite the new administration’s attempts to portray otherwise.
Amin Adam, speaking at a Minority Caucus news conference on Thursday, March 13, accused Finance Minister Cassiel Ato Forson of falsifying fiscal statistics to present a poor 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 noted Ghana’s debt-to-GDP ratio of 61.8% by the end of 2024 as a critical indicator of economic strength. According to him, the previous government’s “skilled negotiations and the implementation of a good debt strategy” were the driving forces behind this success.
“The Hon. Minister could not even acknowledge this important development by the eminent absence of this ratio in his budget speech. Sad!” Amin Adam remarked.
“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.