The Minority Caucus on Parliament’s Finance and Economy Committees has described the 2027 Budget as evidence of what it calls the government’s failure to manage the economy, noting that key macroeconomic indicators point to a deteriorating economic situation.
The caucus said the government’s own figures in the budget contradict its claims of economic progress, with businesses, farmers and unemployed Ghanaians continuing to face significant challenges.
Ranking Member on the Finance Committee and MP for Karaga, Dr Mohammed Amin Adam, made the remarks while outlining the Minority’s assessment of the budget.
He criticised the government for celebrating improvements in indicators such as inflation, Treasury bill rates and the primary surplus while, in his view, failing to address the difficulties facing ordinary Ghanaians.
“The Minister celebrates a different economy, inflation at 5.5%, lower treasury bill, lower primary surplus.
“The budget’s own table shows that the market economic is being asked to pay more while support for the port is cut, while the farmer’s problems uprise and whiles the jobless are given pillars of a so-called economy and percentages instead of job counts.,” he said.
Dr Amin Adam argued that the budget’s figures showed that economic conditions were worsening rather than improving.
“Macroeconomic indicators from the budget presented show that they are sliding,” he added.
The Minority said its concerns were based on the budget’s own figures, which it believes reveal a gap between the government’s account of economic performance and the challenges confronting households and businesses.
