We’ve stayed fiscally disciplined despite December 7 polls – Amin Adam

Minister of Finance, Dr. Mohammed Amin Adam, has reassured Ghanaians that the government has maintained fiscal discipline despite the pressures of the upcoming December 7 general elections.

At a press conference held in Accra on Tuesday, December 3, the Minister emphasised that the government has kept its spending under control, avoiding budget deficits in 2024, even amidst extensive infrastructure projects being carried out across the country.

“In an election year, we have maintained uncharacteristic fiscal discipline, and with all the massive infrastructure around the country, as demonstrated by the many projects His Excellency the President has commissioned recently, we have continued to stay the course. We have continued to invest in our people,” the minister said.

He also responded to concerns about investment losses related to the government’s debt restructuring programme, which has been affected by the economic downturn caused by the COVID-19 pandemic.

Dr. Adams assured affected Ghanaians that their losses would be recouped by the end of 2026, as the economy is expected to recover, with positive improvements in key macroeconomic indicators.

During the monthly briefing, Dr. Adams expressed confidence that the government’s long-term policies would facilitate a stable economic recovery, providing the necessary conditions for investments to rebound and thrive.