Mohammed Amin Adam urges job focus over New Economy budget slogans

Former Finance Minister Dr. Mohammed Amin Adam has issued an open letter to the current Finance Minister, Dr. Cassiel Ato Forson, critiquing the government's focus on branding ahead of the 2027 Budget presentation. Dr. Adam expressed deep concern that the administration is prioritizing "repackaged slogans" such as the "New Economy" over substantive efforts to address job creation and economic instability. He urged the government to move beyond rhetorical exercises and focus on the pressing economic challenges facing ordinary Ghanaians, specifically highlighting the high cost of living and the persistent unemployment crisis. In his critique, Dr. Adam demanded full accountability for the results of the "24-Hour Economy" initiative before the government introduces new concepts. He questioned the credibility of the proposed US$10 billion investment program associated with the "New Economy" budget, noting that without a transparent and credible financing plan, such initiatives risk becoming empty promises. He argued that the public deserves to know the tangible outcomes of previous economic programs before being asked to support new ones. To support his position, Dr. Adam referenced a recent KPMG survey which revealed that 71 percent of Ghanaians prioritize job creation and youth employment as their primary concerns. He cautioned the Ministry of Finance against celebrating macroeconomic stability or gains while the everyday economic reality for citizens remains difficult due to fluctuating inflation and rising costs. He emphasized that genuine economic transformation cannot be achieved through branding but requires a grounded approach that reflects the actual needs of the populace. As the government prepares for the 2027 Budget presentation, Dr. Adam's letter highlights a growing demand for transparency and result-oriented governance. He concluded by stressing that the "New Economy" must provide concrete solutions rather than just another catchphrase, calling for a budget that prioritizes measurable impacts on the lives of Ghanaians over political messaging. This intervention sets a high standard for the upcoming fiscal policy debate in Parliament.