Dr Mohammed Amin Adam, former Minister for Finance has accused the Finance Minister of inflating expenditure figures in the 2025 Budget Statement by GH¢49.2 billion.
Dr Adam, also the current Ranking Member of Parliament’s Finance Committee said this move was deliberately intended to misrepresent the financial management of the previous New Patriotic Party (NPP) administration.
At a press conference held by the Minority Caucus on Thursday, March 13, he challenged the credibility of the figures presented by Finance Minister Dr Cassiel Ato Forson.
He argued that despite strong revenue performance and prudent expenditure management under the NPP government, the budget data suggested an exaggerated fiscal deficit of 7.6% of GDP and a primary deficit of 3.6% of GDP.
“An economy with such strong revenue performance and expenditure management as we have seen from the data in the budget cannot produce the kind of elevated fiscal outturns the Minister announced,” he stated.
Dr Adam further accused the government of manufacturing false claims to damage the reputation of the previous administration.
“They have erroneously churned out wrong data in a bid to tarnish the image of the NPP administration by including GH¢49.2 billion in expenditure claims without any basis,” he alleged.
He stressed that such distortions put the credibility of the country’s fiscal data into question.
The former Finance Minister called on the government to provide clear justifications for the expenditure claims and urged Ghanaians to scrutinise the figures presented.
He warned that any attempt to manipulate data for political gain would have long-term consequences on investor confidence and Ghana’s economic outlook.
