Ranking Member on Parliament’s Finance Committee, Dr Mohammed Amin Adam, has questioned the government’s projected 5.2% economic growth for 2027.
He argued that the New Economy Programme government is touting would contribute only 0.3 percentage points to the growth target.
He said the government’s 2027 Fiscal Policy Strategy, published in May 2026, had set a baseline growth projection of 4.9%, suggesting that the ambitious New Economy Programme would add just 0.3 percentage points to the projected growth rate.
“Can we understand this government? It doesn’t even believe in its own policies. When you’ve not implemented policies, you grew at 6%. And when you are going to implement your ambitious programme, you are projected to grow at 5.2%,” he said.
He added: ” In fact, in the government’s own fiscal policy strategy, which they published in May 2026. I’m talking about the 2027 fiscal policy strategy—it gave 4.9%, 4.9% as the baseline growth. What it means is that it is expecting its ambitious new economy policy to contribute only 0.3 percentage points to the growth for 2027. Because if baseline is 4.9% and you are projected to grow at 5.2%, you are simply saying that with this huge, ambitious new economy program, it can only add 0.3 percentage points to the growth for 2027.”
Speaking at a press conference by the Minority on the 2027 Budget presented, the former Finance Minister described the projection as unrealistic and questioned the government’s confidence in its flagship economic programme.
Dr Amin Adam argued that the projected growth rate would not provide the jobs young people were seeking, adding that the budget offered little hope to Ghanaians.
“This is not realistic. And so the minister does not believe in the budget. It does not offer hope, as this paltry growth cannot provide the jobs the young people are looking for,” Amin Adam said.
He further accused the Finance Minister of presenting a budget that did not reflect confidence in the government’s own economic agenda.
