Amin Adam Archives - Wontumi Online

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

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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…

17 Dec

We Are Handing Over A Strong Economy – Finance Minister

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Finance Minister, Dr. Mohammed Amin Adam has expressed confidence in the state of Ghana’s economy as the New Patriotic Party (NPP) prepares to hand over to the newly elected administration of John Dramani Mahama. Speaking to journalists in Accra on Tuesday, December 17, 2024, Dr. Amin Adam emphasized the resilience and recovery of Ghana’s economy despite recent global and domestic challenges. “We are handing over a strong economy,” he stated. “The first four years of this administration were marked by impressive achievements, including the longest period of single-digit inflation, an average GDP growth rate of 7%, and strong external balances.…

05 Dec

Ghana’s Economy Is Rebounding Strongly – Finance Minister

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Dr Mohammed Amin Adam, the Minister for Finance, says Ghana’s economy has rebounded very strongly from the recent challenges. He said notably the macroeconomic front for 2024 showed a strong recovery with growth averaging 5.8 per cent for the first half of 2024, which was the highest recorded in the last five years and inflation was trending downwards and the cedi gaining strength. The Minister was speaking at the monthly briefing to provide an update on developments in the economy since the last engagement in October 2024 in line with the resolve to update the public on the economy He…

26 Nov

Ghana’s Economy Has Recovered Strongly – Amin Adam

wontumionlineBusinessAmin Adam, Ghana's economy

Finance Minister, Dr. Mohammed Amin Adams, has announced that the nation’s economy has fully rebounded from recent challenges. Speaking at a rally in Saboba in the Northern Region, Dr. Amin Adams highlighted Ghana’s impressive economic recovery, revealing that the country exceeded its 2023 growth target of 2.8% and continues to make significant strides in 2024. “Our economy has bounced back to life after the difficulties of the past three years,” he stated. “Macroeconomic stability is rapidly returning, and the signs are clear for everyone to see.” Dr. Amin Adams underscored the nation’s strong growth trajectory, saying, “Last year, we were…

24 Oct

DDEP Saved Ghana About $12bn – Amin Adam

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The Finance Minister, Dr. Mohammed Amin Adam, revealed that the successful execution of the Domestic Debt Exchange Programme (DDEP) has saved Ghana an impressive $12 billion. Dr. Amin Adam made this announcement during a panel discussion at the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, held on Wednesday, October 23. The discussion centered on the challenges low-income countries face in managing debt, a critical issue for many nations dealing with financial instability exacerbated by global economic uncertainties and external shocks. The Finance Minister said the DDEP as a pivotal policy initiative in tackling…

25 Jun

Ghana’s Economy Is Set To Astonish The World This Year – Finance Minister

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Finance Minister, Dr. Mohammed Amin Adam, has announced that the country’s economy is undergoing a robust rebound after enduring significant challenges over the past two years. He noted that, all key indicators are trending positively and are expected to improve further. Speaking at a UK Town Hall meeting on Saturday, June 22, Dr Amin Adam emphasized that even international institutions like the IMF and the World Bank are astonished by Ghana’s economic recovery. “This year our economy is going to surprise the whole world. I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it…

24 Jun

Finance Minister Announces Official End To Ghana’s Debt Restructuring

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Finance Minister Dr Mohammed Amin Adam has announced the completion of Ghana’s debt restructuring program with its official creditors. According to the Member of Parliament for Karaga, the government has successfully restructured its debt of 5.1 billion dollars with these creditors, in addition to concluding the restructuring of 13.1 billion dollars with Eurobond holders. Addressing attendees at a UK Town Hall meeting, Dr. Amin Adam highlighted that these efforts have resulted in savings of 8 billion dollars for the country. “Last two weeks, we concluded negotiations with the official creditors, and we have agreed to restructure 5.1 billion dollars, I…