Amin Adam Archives - Wontumi Online

18 Mar

Amin Adam Defends Akufo-Addo’s Borrowing Amid COVID-19 Crisis

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Former Finance Minister Dr. Mohammed Amin Adam has defended the Akufo-Addo administration’s borrowing practices, arguing that loans secured during the COVID-19 pandemic were essential and should not be deemed as mismanagement. Speaking in an interview on Channel One TV, Dr. Amin Adam responded to criticisms of the government’s debt strategy, emphasizing the necessity of these financial decisions in tackling the unprecedented challenges of the pandemic. “I don’t know how anybody would describe the borrowing to address the COVID-19 pandemic as reckless borrowing. I don’t know if anybody is right to call that reckless borrowing,” he stated. He stressed the importance…

13 Mar

Cooking Figures Will Make Investors Punish You – Amin Adam Warns Finance Minister

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Former Finance Minister and Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has cautioned Finance Minister Dr Cassiel Ato Forson against manipulating economic figures, warning that such actions could erode investor confidence in Ghana. Speaking at a press conference for the Minority Caucus on Thursday, March 13, Dr Amin Adam accused Dr Forson of misrepresenting key economic data to paint a negative picture of the country’s financial situation. He argued that presenting misleading statistics could have serious consequences for Ghana’s economic credibility. “So, you see, if you cook figures to create a narrative to run your country down,…

13 Mar

NPP Gov’t Left Behind A Strong And Healthy Economy – Amin Adam

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Former Finance Minister and Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has insisted that the New Patriotic Party (NPP) administration left behind a stable economy before handing over to the National Democratic Congress (NDC) government. He maintained that key economic indicators showed the economy was in good shape despite attempts by the new administration to suggest otherwise. Speaking at a press conference for the Minority Caucus on Thursday, March 13, Dr Amin Adam accused Finance Minister Dr Cassiel Ato Forson of manipulating fiscal data to paint a negative picture of the economy. “Ladies and gentlemen, as you…

12 Mar

Betting Tax Was Never Implemented Under NPP – Former Finance Minister

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Former Finance Minister Amin Adam has dismissed claims that the New Patriotic Party (NPP) administration implemented the 10% tax on sports betting winnings. His response follows an announcement by current Finance Minister Dr. Cassiel Ato Forson that the government has scrapped the tax while presenting the 2025 Budget Statement and Economic Policy in Parliament on Tuesday, March 11. “We will abolish the 10% withholding tax on winnings from lottery, otherwise known as the ‘Betting Tax’,” Dr. Forson stated. In addition to the betting tax, the government has also removed the E-levy, the COVID-19 tax, and the emission levy. However, addressing…

07 Mar

We Saved The Economy Before Leaving Office – Amin Adam

CUD Wontumi0 CommentsBusinessAmin Adam, Economic Recovery

Former finance minister Mohammed Amin Adam has defended the economic decisions taken under his administration, stating that despite the difficulties faced by Ghanaians, necessary steps were taken to save the economy before his government left office. Speaking on Good Evening Ghana with Paul Adom-Otchere monitored by MyNewsGH, he emphasized that the reduction in Treasury bill rates was not due to any extraordinary measures by the new administration but rather the natural outcome of policies previously implemented. He pointed out that government bondholders had been paid after a two-year delay, explaining that although the situation was regrettable, sacrifices were needed to…

07 Mar

Former Finance Minister Warns Against Over-Reliance On Treasury Bill Trends

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Former finance minister Mohammed Amin Adam has raised concerns about the current administration’s approach to managing Treasury bill rates, questioning whether there is a clear long-term strategy behind the recent declines. He argued that the drop in Treasury bill rates is not the result of any innovative economic policy but rather the consequence of excess liquidity in the system. According to Amin Adam, the government’s decision to reject some Treasury bill bids is not a calculated financial strategy but a reaction to the influx of funds in the domestic market. He attributed this surge in demand partly to non-resident investors…

18 Feb

DDEP: NPP Did Not Default; We Ensured Smooth Payments Before Leaving Office – Dr. Amin Adam

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Former Finance Minister Dr. Mohammed Amin Adam has credited the New Patriotic Party (NPP) for ensuring timely coupon payments under the Domestic Debt Exchange Programme (DDEP), stating that the Akufo-Addo government had laid strategic plans for smooth payment processes. Dr. Amin, who is also the Karaga MP, dismissed claims that the decision to honour the fourth coupon payment to bondholders was solely due to a directive from President John Mahama. In a Facebook post on Monday, February 17, 2025, he clarified that the NPP government had already committed resources to meet these obligations before the current administration took office. “The NDC Government has announced that the President has directed the Minister for Finance to honour coupon payments…

07 Feb

Was Mahama On Mars? – Former Finance Minister Rejects Economic Crisis Claims

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The immediate past Finance Minister has pushed back against President John Mahama’s claim that he inherited a struggling economy, questioning the basis of Mahama’s call for a national economic dialogue. Dr. Mohammed Amin Adam, speaking on Joy News’ PM Express Business Edition on Thursday, expressed disbelief at Mahama’s characterization of the economic situation, highlighting recent positive assessments by international financial bodies. “This is why, when I hear President Mahama say that he inherited a struggling economy, I worry,” he stated. “He’s calling for a national economic dialogue. I worry. I wonder, where is he from? Was he on Mars?” The Karaga MP…

07 Feb

Ghana’s Economic Recovery Was Faster Than Expected, Let’s Not Reverse It – Dr Amin Adam

CUD WontumiNewsAmin Adam, Economic Recovery

The immediate past Finance Minister says Ghana’s economic recovery was quicker than anticipated, urging the new administration to sustain the gains rather than undo progress for political reasons. Dr. Mohammed Amin Adam Anta, speaking on Joy News’ PM Express Business Edition on Thursday, highlighted the resilience of the economy despite global economic challenges, stating that Ghana had outperformed expectations in its recovery. “I do not disagree that the economy was the major issue on the ballot because we all knew that the economy was difficult,” he acknowledged. “And as I explained, it wasn’t only the Ghanaian economy. Most incumbents across the world…

16 Jan

Amin Adam Has Inspired Confidence In Ghana’s Economic Future – IMF Boss

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Former Finance Minister Dr. Mohammed Amin Adam has received high praise from IMF Managing Director Ms. Kristalina Georgieva for his exceptional leadership in stabilizing Ghana’s economy during his tenure. In a farewell letter, Ms. Georgieva lauded his pivotal role in implementing Ghana's $3 billion IMF-supported program, which restored macroeconomic stability, ensured debt sustainability, and fostered inclusive growth during tough economic times. Highlighting his impact, Ms. Georgieva noted that his efforts bolstered Ghana’s financial outlook and inspired confidence in the country's future. She also expressed optimism about Dr. Amin Adam's continued contributions as a Member of Parliament, commending his passion for…