National Economic Dialogue is a diversion; lack of an economic plan – Amin Adam

Former Finance Minister, Dr Mohammed Amin Adam, has criticised President John Dramani Mahama for setting up a planning committee for a National Economic Dialogue.

Dr. Amin Adam believes that President’s action demonstrates his lack of a coherent economic strategy for Ghana.

He argued that a dialogue is not necessary for President Mahama if he had clear economic strategy to deal with what he termed as “numerous non-existing claims” made by the President about inheriting a struggling economy.

“The President doesn’t need a dialogue to understand the context of the Ghanaian economy.

“At the least, this dialogue is intended to cover up the President’s lack of an economic plan for the country and to whitewash his baseless claims about inheriting a bad economy,” Dr. Amin Adam stated.

He asserted that the country is on an economic recovery path hence needless for such an initiative form the President.

Highlighting key economic indicators to buttress his point, the Karaga MP pointed to international reserves of $9 billion as of December 2024, which cover four months of imports – one month more than the three-month target set by the International Monetary Fund (IMF).

He also noted an average GDP growth rate of 6.4%, surpluses in both the trade balance and current account, and reduced fiscal deficits recorded in 2024.

“These figures show that the fundamentals of the economy are strong and that we have entered a phase of accelerated recovery,” he remarked.

The former Finance Minister expressed doubts about the outcome of the economic planning committee stating that nothing good has come out in the past of similar committees by the NDC.

“This is not the first time the NDC government has held a National Economic Dialogue. They did the same in 2014 after winning the 2012 elections. What became of it? They failed to implement the recommendations and instead mismanaged the economy, leading to an IMF programme which they couldn’t complete by the end of 2016,” he said.

He urged Ghanaians to hold President Mahama accountable for the promises he made during his campaign.

Dr. Amin Adam assured that Parliament, as the representative of the people, is ready to scrutinize these promises when the 2025 Budget Statement is presented.

“This dialogue is a diversion,” he said. “The Ghanaian people deserve real leadership and practical solutions, not an attempt to shift responsibility to a committee whose recommendations may never see the light of day,” he concluded.

The post National Economic Dialogue is a diversion; lack of an economic plan – Amin Adam first appeared on 3News.

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