Dr. Amin Adam Criticizes Mahama’s National Economic Dialogue as Misplaced Priority
Criticism of Mahama’s Economic Strategy
Former Finance Minister Dr. Mohammed Amin Adam has criticized President John Dramani Mahama’s decision to establish a planning committee for a national economic dialogue. He described the move as a “misplaced priority,” accusing the President of using it as a distraction from his lack of a coherent economic plan for Ghana.
“The President doesn’t need a dialogue to understand the context of the Ghanaian economy,” Dr. Amin Adam said on January 27, 2025. This tactic covers his lack of an economic plan and legitimizes his baseless claims about inheriting a struggling economy.
Ghana’s Economic Fundamentals Are Recovering
Dr. Amin Adam dismissed the necessity of the dialogue, emphasizing that Ghana’s economic fundamentals show clear signs of recovery and growth. He highlighted key financial indicators:
- International Reserves: $9 billion as of December 2024, covering four months of imports (exceeding the IMF’s three-month benchmark).
- GDP Growth Rate: A solid average of 6.4% in 2024.
- Trade and Current Account Surpluses: Recorded in 2024, alongside reduced fiscal deficits.
“These figures clearly show that the economy is on a path of accelerated recovery,” he said.
Questions on Relevance and Outcomes of the Dialogue
Dr. Amin Adam also questioned the effectiveness of such dialogues, referencing the National Economic Dialogue held by the NDC government in 2014. According to him, similar initiatives in the past failed to yield significant results.
“This is not the first time the NDC government has held a National Economic Dialogue,” he stated. “They did the same in 2014 after running out of ideas, and it didn’t achieve much.”
Call for Strategic Action Over Talk Shops
The former Finance Minister urged President Mahama to shift focus toward actionable policies rather than organizing events that, in his view, divert attention from real economic challenges.
“The current state of the economy doesn’t require another talk shop. The President should have grasped the economic realities before making campaign promises,” Dr. Amin Adam remarked.
Conclusion: A Call for Results-Oriented Governance
As the economic debate continues, Dr. Amin Adam emphasized the need for results-driven governance and urged the administration to prioritize strategic interventions to strengthen Ghana’s economic progress.