Ghana’s economic recovery failing to translate into improved living conditions – Amin Adam

The Minority has accused the government of failing to translate improvements in key economic indicators into meaningful relief for households, arguing that the 2027 Budget does not adequately address the rising cost of living and unemployment.

Speaking at a press conference in Parliament on Friday, November 13, Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, said the government’s emphasis on lower inflation, improved fiscal balances and stronger credit ratings overlooked the economic difficulties confronting ordinary Ghanaians.

He acknowledged the progress made in stabilising the economy but argued that the gains were not being reflected in the pockets of citizens, particularly as the prices of essential goods and the cost of transportation continued to place pressure on household budgets.

“The paper economy has been celebrated, and we acknowledge it. But Ghanaians do not live on paper. They live on what is in their pockets, on the price of rice, on the fare to work and on whether their children can find a job,” he said.

Dr Amin Adam also questioned the government's projection of 5.2% economic growth in 2027, describing it as inadequate to meet the expectations of young people seeking employment.

He said the Budget had failed to provide convincing answers to the country's immediate economic challenges, insisting that macroeconomic stability must translate into better living conditions, more jobs and improved purchasing power.