By Enoch 
Matters Of Concern.
The Minority in Ghana’s Parliament has raised serious allegations against the government, accusing it of manipulating fiscal data to tarnish the image of the previous administration.
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These claims were made during a press conference held on March 13, 2025, led by Dr. Mohammed Amin Adam, the former Finance Minister and Member of Parliament for Karaga. The accusations have sparked widespread debates about transparency, accountability, and the credibility of the 2025 Budget Statement.
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The Allegations.
Manipulated Fiscal Data.
The Minority alleges that the government included unverified expenditure claims amounting to GH¢49.2 billion in the 2025 Budget Statement. According to Dr. Amin Adam, this inflated the fiscal deficit to 7.6% of GDP and the primary deficit to 3.6% of GDP, creating a misleading narrative about the economic performance of the previous New Patriotic Party (NPP) administration.
Dr. Amin Adam described the budget as lacking credibility, stating, “This renders the 2025 Budget as not credible and requiring serious scrutiny by the IMF and the Ghanaian people.” He emphasized that an economy with strong revenue performance and expenditure management, as claimed in the budget, could not produce such elevated fiscal outturns.
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Breach of IMF Program.
The Minority also challenged the government’s assertion that Ghana had breached the International Monetary Fund (IMF) program. Dr. Amin Adam argued that the IMF has yet to conduct a review of Ghana’s program implementation, making the government’s claims premature and unfounded.
He warned that such statements could jeopardize Ghana’s standing with the IMF and risk the country’s access to critical financial support.
Concerns About Economic Projections.
Lower Growth Rate Projections.
The Minority questioned the government’s projection of a lower growth rate of 4% for 2025, despite the implementation of the “Big Push Infrastructure Programme,” which is expected to cost GH¢13.8 billion. They suggested that the lower target might be an attempt to easily outperform the projection and attribute the success to the government’s policies.
Dr. Amin Adam urged the government and the IMF to revisit the real GDP growth projections, particularly in the mining and quarrying sectors, to ensure accuracy and transparency.
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Debt Management Strategy.
The Minority expressed concerns about the government’s debt management strategy, citing the potential risks of borrowing from the markets. They warned that the alleged manipulated fiscal data could negatively impact Ghana’s sovereign bond spreads and derail the country’s progress toward sustainable debt levels.
Dr. Amin Adam highlighted the previous administration’s achievements in reducing the debt-to-GDP ratio to 61.8% in 2024 and cautioned the government against reversing these gains.
Public Reaction.
Calls for Accountability.
The allegations have sparked widespread calls for accountability and transparency in fiscal reporting. Many Ghanaians have expressed concerns about the potential implications of manipulated data on the country’s economic stability and international reputation.
Support for the Minority.
The Minority’s stance has garnered support from various quarters, with some praising their efforts to hold the government accountable. Others have called for an independent review of the 2025 Budget Statement to verify the accuracy of the fiscal data presented.
Broader Implications.
Impact on Ghana’s Economy.
The allegations of manipulated fiscal data have raised questions about the credibility of Ghana’s economic management. If proven true, these claims could undermine investor confidence and affect the country’s ability to secure financial support from international institutions.
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The Role of the IMF.
The Minority has called on the IMF to scrutinize the government’s fiscal data and ensure transparency in their growth projections. They emphasized the need for credibility and accountability in the management of Ghana’s economy to maintain the country’s progress toward sustainable development.
Scrutiny Of 2025 Budget Statement
The Minority’s allegations against the government have brought issues of transparency and accountability in fiscal reporting to the forefront. As debates continue, the credibility of the 2025 Budget Statement remains under scrutiny.
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The government’s response to these allegations will be critical in restoring public trust and ensuring the effective management of Ghana’s economy.
