Former Finance Minister Dr. Mohammed Amin Adam has urged President John Dramani Mahama to prioritize securing funds to settle Ghana’s debts rather than lamenting the state of the economy. He made this remark during the New Patriotic Party’s (NPP) *True State of the Nation Address* in Accra, a statement that has sparked widespread reactions from Ghanaians.
Dr. Amin Adam contended that the previous administration, led by former President Nana Akufo-Addo, left behind an economic foundation that provides the Mahama government with some flexibility. He argued that despite existing challenges, President Mahama has an opportunity to stabilize the economy if he makes the right decisions.
The former Finance Minister also defended the banking sector clean-up undertaken by the NPP government. He maintained that restructuring the financial sector was a necessary and well-intentioned move to safeguard the economy. While the exercise resulted in the collapse of several banks and financial institutions, he insisted that it was a crucial step to maintain financial stability.
Furthermore, Dr. Amin Adam praised the NPP’s debt management strategies, calling them a “masterstroke.” He asserted that instead of criticizing the previous government, President Mahama should have recognized these efforts in his State of the Nation Address.
His remarks come at a time when Ghana’s economy is facing severe challenges, including high inflation and debt repayment struggles. In his address, President Mahama blamed the previous government for economic mismanagement and excessive borrowing. However, the NPP, through their *True State of the Nation Address*, pushed back against these claims, arguing that their policies were strategic and beneficial to the country.
Ghanaians have since shared mixed reactions to Dr. Amin Adam’s statement.
Source:ghanaweb