Former Finance Minister Dr. Mohammed Amin Adam has characterised the 2026 Budget as lacking solutions, contending that it does not provide a pathway for growth or job creation.
Speaking to TESCON members at UDS-NYC, he stated that the government has not addressed the realities confronting the economy.
He asserted that the administration continues to ignore established facts.
“Four days ago, the Bank of Ghana issued a statement. And in that statement, something that NDC people have been denying,” he said, insisting that the government must cease shifting blame.
Dr. Adam charged the administration with mismanaging the economy while trying to conceal its weaknesses through short-term measures.
He remarked, “We didn’t win power to enjoy the fruits of our labour. They came in without restriction and started putting billions of dollars”.
He argued that such actions have not resulted in significant progress.
“Just overnight, the cedi will become stronger. But that is existence,” he said, adding that the fundamental structure of the economy remains fragile.
The former minister reiterated that the 2026 Budget has not succeeded in inspiring confidence.
He described it as “hopeless, jobless, and growthless,” stressing that it fails to meet the urgent needs of unemployed youth or the stagnating private sector.
Dr. Adam stressed that transparency, rather than political rhetoric, should steer economic discussions. “Ghanaians will know the truth. I will tell the truth,” he declared.
He insisted that the government must recognise its failures instead of depending on what he termed propaganda.
