Amin Adam Accuses Finance Minister of Using Unverified Figures in Ghana’s Budget

Dr. Mohammed Amin Adam, the former Minister for Finance and current Ranking Member of Parliament’s Finance Committee, has strongly criticized Finance Minister Dr. Cassiel Ato Forson for using unaudited figures to compute the country’s primary balance.

Speaking at a press conference on March 13, 2025, Dr. Amin Adam, on behalf of the Minority Caucus, raised concerns about the accuracy and credibility of the fiscal data presented in the 2025 Budget.

According to Dr. Amin Adam, the numbers included in the national budget lacked the necessary auditing and verification processes, which he claimed makes them unreliable.

He argued that the Finance Minister’s use of unaudited data could lead to misleading fiscal projections, undermining public confidence in the country’s financial management.

“It is unacceptable for the Finance Minister to rely on figures that have not been audited to compute the country’s primary balance,” Dr. Amin Adam stated emphatically.

“This raises serious concerns about transparency and accountability in public financial management.”

The primary balance, a key indicator of a country’s fiscal health, plays a crucial role in determining the sustainability of national debt and budget policies.

Dr. Amin Adam pointed out that using inaccurate or incomplete data could distort Ghana’s true fiscal position and create false impressions, potentially affecting both public perception and investor confidence.

Further stressing his concerns, Dr. Amin Adam called for the Finance Ministry to adopt proper financial reporting practices, ensuring that only audited and verified data are used in official budget presentations.

He argued that the lack of transparency could have long-term consequences, especially in terms of Ghana’s credibility with international investors and development partners.

The former Finance Minister urged Parliament to thoroughly examine the figures presented in the 2025 Budget and to hold the government accountable for the integrity of its fiscal data.

He emphasized that Ghanaians deserve accurate, verifiable information, not numbers that are hastily compiled to present a more favorable financial outlook.

As debates continue over the accuracy of the country’s fiscal reports, the call for transparency and accountability in government financial management grows louder, with both the public and opposition leaders demanding answers.