The immediate past Finance Minister says Ghana’s economic recovery was quicker than anticipated, urging the new administration to sustain the gains rather than undo progress for political reasons.
“I do not disagree that the economy was the major issue on the ballot because we all knew that the economy was difficult,” he acknowledged.
“And as I explained, it wasn’t only the Ghanaian economy. Most incumbents across the world who went through elections around the same time lost, so it wasn’t peculiar to Ghana. The economy really dominated the political debate.”
However, he was quick to point out that the economic challenges were largely influenced by external factors rather than purely domestic mismanagement.
Dr Amin Adam cited data from 2022 through 2024, which he said showed that the turnaround was not only real but swifter than anticipated by global financial institutions such as the World Bank and the International Monetary Fund (IMF), as well as economic analysts within Ghana.
“If you look at the data from 2022 to 2023 and then 2024, you will see that the turnaround was quick. The recovery was faster than even anticipated by the World Bank, IMF, and many economic analysts, even in Ghana,” he stressed.
Source:myjoyonline.com
