Dr. Mohammed Amin Adam has attacked the governing National Democratic Congress (NDC), describing its leadership as “fanciful” and detached from the reality facing Ghanaians.
In a statement on Wednesday, July 16, the Ranking Member of Parliament’s Finance Committee said the NDC’s attempt to mask deep economic failings with slogans and propaganda is collapsing fast under scrutiny.
“The goodwill they enjoyed at the outset of their administration is rapidly eroding under the weight of failing policies,” Dr. Amin Adam declared, pointing to fresh tax increases, dismissals of workers, and worsening living conditions.
He singled out the newly introduced “Dumsor Levy,” effective today, July 16, as a prime example of the government’s insensitivity.
“This levy will worsen the cost of living for Ghanaians,” he said, adding that pleas from transport groups had been ignored despite the expected knock-on effect on fares.
He accused the NDC of betraying young voters by sacking innocent youth from their jobs.
“If you have recently lost your job, please know that the NDC has abandoned you and shows little concern for your welfare,” he stated.
“The future NPP Government will restore your jobs and bring back dignity to the young people of our country.”
Taking on the government’s economic messaging, he said the apparent gains in the value of the cedi were artificial.
“Despite the denial by the Governor of the Bank of Ghana regarding intervention in the forex market, the International Monetary Fund’s latest Staff Report revealed that the Bank intervened with $1.4 billion in the first quarter of 2025.”
He said the funds used for the intervention were part of reserves built by the previous NPP administration, discrediting the NDC’s narrative of economic rebound.
He further accused the NDC of manipulating budget figures to paint a worse fiscal picture.
“The large accumulation of non-existent payables… can no longer stand,” he said, citing the IMF’s revelation that much of it was unsupported by valid documentation.
On the government’s fiscal credibility, he said the 2025 budget was under severe stress.
“As of 11th July 2025, auction data indicates over GH¢6 billion in repayments, as the government reallocates resources from vital sectors of the economy to cover auction shortfalls.”
He warned that 13 out of 28 treasury auctions this year had failed to meet targets.
“These auction failures indicate investor fatigue as the Government continues to manipulate rates… to undermine price discovery,” he said, noting the growing risk to investor confidence.
Dr. Amin Adam dismissed the 24-Hour Economy Programme as political theatre.
“It remains a theoretical construct with attractive visuals, reminiscent of the famous Green Book… The launch… was meant to play to the gallery… as it is practically difficult to realise the objectives of a program that has no dedicated source of funding.”
He called on the Minister for Finance to use the Mid-Year Budget Review to explain how the government plans to fund the economy and this flagship programme.
“These and many other reasons demonstrate that the NDC’s fanciful attempt to show courage in the face of unredeemable promises will soon become a reality for the people of Ghana to see,” he warned.
While acknowledging internal challenges in the NPP following its 2024 electoral defeat, he urged the party to regroup.
“Three years may seem distant, but in political terms it is just around the corner,” he said. “The campaign for 2028 begins now.”
He concluded by rallying support for the party’s upcoming National Conference and calling for unity to retake power.
“We have, in the past, overcome even greater odds to secure victory. We have the capability—and the resolve—to rise above our current challenges.”
Source: Abubakar Ibrahim
