Former Finance Minister Dr. Mohammed Amin Adam has taken issue with former President John Mahama’s assertion that he inherited a struggling economy. Speaking on Joy News’ PM Express Business Edition, Dr. Amin Adam expressed skepticism about Mahama’s characterization of the economic situation, pointing to recent positive evaluations by international financial institutions like the International Monetary Fund (IMF).
Dr. Amin Adam emphasized that the IMF had already assessed the state of Ghana’s economy before the transition, giving a judgment on December 2. He argued that Mahama’s call for a national economic dialogue is unfounded, given the IMF’s endorsement of Ghana’s economic progress ¹.
As the Karaga Member of Parliament, Dr. Amin Adam reflected on his tenure at the Finance Ministry, highlighting his contributions to managing Ghana’s debt restructuring with Eurobond holders and working with the IMF. He described these moments as pivotal in the country’s financial history.
Dr. Amin Adam also underscored the importance of his international engagements in securing favorable outcomes for Ghana. He noted that the implementation of the IMF program was a major success story during his tenure, with three successful reviews, the last one being on December 2.
The former Finance Minister’s comments set the stage for a heated economic policy debate, as President Mahama’s incoming administration calls for urgent interventions. However, Dr. Amin Adam’s remarks suggest a stark disagreement with President Mahama’s claims, emphasizing that Ghana’s economy is stronger than Mahama’s administration suggests.
Ruth Abla ADJORLOLO
