Finance Minister Dr. Mohammed Amin Adam has expressed confidence in the robust state of Ghana’s economy as the New Patriotic Party (NPP) government prepares to hand over to President-elect John Dramani Mahama’s administration.
Addressing journalists in Accra on December 17, 2024, Dr. Amin Adam emphasized that the NPP government’s economic policies have resulted in significant recovery and resilience despite global and domestic challenges.
“We are handing over a strong economy,” he declared, highlighting key achievements such as a steady 6.3% average GDP growth, a surge in private sector credit, and improvements in Ghana’s trade balance and international reserves.
The Minister also pointed to the reduction in inflation from 54% in December 2022 to 23% in November 2024, and significant strides in reducing public debt, which decreased by GH₵46.8 billion in just one month.
Dr. Amin Adam dismissed claims that Ghana is financially unstable, calling such assertions “propaganda,” and reaffirmed that the economy’s fundamentals are stronger than when the NPP took office in 2016.
He expressed hope that the incoming administration will continue the policies implemented to ensure long-term economic stability and debt sustainability.
