The Minority Caucus on Parliament’s Finance and Economy Committees has criticised the 2027 Budget, describing it as evidence of what it considers the government’s failure to manage the economy.
The caucus argued that key macroeconomic indicators presented in the Budget point to a deteriorating economic situation, despite the government’s claims of economic progress.
Ranking Member on Parliament’s Finance Committee and Member of Parliament for Karaga, Dr Mohammed Amin Adam, made the remarks while presenting the Minority’s assessment of the Budget.
He criticised the government for highlighting improvements in indicators such as inflation and Treasury bill rates, arguing that these figures did not reflect the difficulties facing businesses, farmers and unemployed 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 maintained that the figures contained in the Budget suggested 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 assessment was based on figures contained in the government’s own Budget document, which it believes reveal a gap between the administration’s account of economic performance and the challenges confronting households and businesses.
By:Rachael Djabakie