Former Minister for Finance and current Ranking Member of Parliament’s Finance Committee, Dr. Mohammed Amin Adam, has criticized Finance Minister Dr. Cassiel Ato Forson for using unaudited figures to calculate the country’s primary balance.
Addressing a press conference yesterday on behalf of the Minority Caucus, Dr. Amin Adam challenged the credibility of the fiscal data presented in the 2025 Budget, asserting that the figures lacked accuracy and should not be accepted at face value.
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.
