

The former Minister of Finance and current Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has accused Finance Minister Dr Cassiel Ato Forson of relying on unaudited figures to compute the country’s primary balance.
According to Dr Amin Adam, the figures presented in the 2025 Budget lacked credibility and should not be taken at face value.
Speaking at a press conference on Thursday, March 13, on behalf of the Minority Caucus, Dr Amin Adam questioned the accuracy of the fiscal data presented by the Finance Minister.
He argued that without proper auditing, the numbers used in determining Ghana’s primary balance could be misleading.
“It is unacceptable for the Finance Minister to use figures that have not been audited to compute the country’s primary balance.
This raises serious concerns about transparency and accountability in public financial management,” he stated. Dr Amin Adam further contended that such practices undermine the credibility of the government’s economic reports and could distort Ghana’s true fiscal position.
He urged the Finance Ministry to uphold standard financial reporting principles by ensuring that only audited data is used in national budget statements.
“Ghanaians deserve accurate and verifiable figures, not numbers that have been hastily put together to create a favourable impression,” he added.
The former Finance Minister also warned that the reliance on unverified data could have long-term consequences on Ghana’s economic planning and credibility in the eyes of investors and development partners.
He called on Parliament to scrutinise the budget figures closely to ensure that they reflect the actual state of the economy.
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 prove 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.