Hot SourceThe Ranking Member on Parliament’s Finance Committee, Mohammed Amin Adam, has urged the New Patriotic Party (NPP) to reorganise quickly and unite, as he believes the governing National Democratic Congress (NDC) is rapidly losing the trust of Ghanaians due to failing economic policies.
In a detailed statement, Adam stated that it is normal for a party that has recently lost power to face internal challenges. However, he expressed confidence that the NPP would recover its momentum and reclaim its winning formula in time to secure victory in 2028.
Amin Adam argued that the NDC has so far failed to meet the expectations of Ghanaians, citing a string of policy failures that have worsened living conditions. He highlighted the introduction of new taxes and the extension of existing ones, including the newly introduced “Dumsor Levy,” which took effect today, 16 July.
He warned that this levy would directly increase the cost of living and lead to higher transport fares, despite strong opposition from transport associations and the public.
“Over the last six months, we have witnessed rising taxes and tariff hikes, while the government turns a deaf ear to Ghanaians’ pleas,” he stated.
He further criticised the government’s approach to employment, pointing out that innocent young people have been dismissed despite earlier promises of job creation. Adam assured that an NPP government would restore these jobs and revive the hopes of the youth.
Touching on economic performance, Amin Adam observed that despite the artificial appreciation of the cedi, the prices of goods and services remain stubbornly high. Electricity tariffs have doubled, contributing to a cumulative increase of 17%, while basic wages have only increased by 10%, pushing many families into hardship.
He described the government’s economic narrative as misleading, accusing it of using manipulated figures to create an illusion of stability. He referenced the latest International Monetary Fund (IMF) Staff Report, which revealed that the Bank of Ghana intervened in the forex market with US$1.4 billion in the first quarter of 2025—a move he claimed relied on foreign reserves accumulated by the previous NPP government.
Moreover, Adam raised serious concerns about the government’s budgetary assumptions, noting that treasury auctions have repeatedly failed. Out of 28 auctions conducted between 3 January and 11 July, 2025, 13 failed to meet their targets, indicating investor fatigue and policy inconsistency.
He expressed alarm that the government has been reallocating resources from critical sectors to cover auction shortfalls, leading to underfunding of flagship programmes. Despite the Ghana Revenue Authority surpassing its revenue target by about GHS4 billion in the first half of the year, contractors are yet to be paid, and key programmes face cash flow constraints.
He also criticised the NDC’s much-publicised 24-hour economy programme, describing it as a theoretical idea with no concrete funding or implementation plan, similar to the “Green Book” projects under the previous NDC administration.
Amin Adam advised the Finance Minister to use the upcoming Mid-Year Budget Review to clarify the government’s financing strategies and outline how it intends to fund key programmes without worsening the fiscal situation.
He is calling on NPP members to use the upcoming National Delegates Conference and presidential primaries as rallying points to cast off the disappointment of 2024 and prepare for a resounding comeback in 2028.
“The campaign for 2028 begins now. We must rally behind the leadership of the party because in unity lies our strength. We have overcome greater odds in the past, and we shall do it again,” he stated.
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