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Home»Business»Stabilisation is not transformation – Minority shreds 2026 budget
Business

Stabilisation is not transformation – Minority shreds 2026 budget

By KrobeaNovember 14, 20252 Mins Read
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Dr. Mohammed Amin Adam
Dr. Mohammed Amin Adam
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The Minority in Parliament has taken a swipe at the government over the policies outlined in the 2026 budget statement as presented by Finance Miniser Dr Cassiel Ato Baah Forson.

According to former Finance Minister Dr Mohammed Amin Anta, the policies are empty and only meant to propagate slogans and deliver nothing.

Addressing journalists to give their opinion on the budget statement, the New Patriotic Party (NPP) Member of Parliament (MP) for Karaga Constituency said all the achievements outlined in the budget are as a result of policies of the previous government.

“The trajectory for a return to single-digit inflation, improved reserves, and early signs of recovery in non-oil GDP was expected and known a year ago due to the policies the previous NPP government implemented,” he said.

“As we have said in the past, the NDC has not initiated any new strategic policy to drive these developments,” he suggested.

“They have simply stuck to script developed by the NPP with the IMF two years ago when we negotiated the ECF programme.

“The central proposition of the budget is that Ghana is now transitioning from stabilisation to a ‘Big Push’ of investments that will drive jobs, exports, energy security, and socio-economic transformation.

“While the government highlights recent stabilisation gains, a close examination of the budget numbers reveals concerns that must be brought to the attention of the Ghanaian public.

“Stabilisation is not transformation. Real economic transformation requires strong productive investment, credible financing, improved energy reliability, and a vibrant private sector. The 2026 budget does not yet provide the scale or structure of investment needed to shift Ghana from short-term stabilisation to long-term, productivity-led growth.”

He noted that since the NDC government took office, budgets have been presented but none implemented.

“Allocations for capital expenditure and goods and services remain unreleased, and workers across the public sector are paid, but not given the necessary tools and inputs to work.

“Some Ministries do to have basic things and are unable to provide fuel for government work. This is true fiscal indiscipline.”

He stressed that the state of the economy cannot be good as the Finance Minister, Dr Cassiel Ato Forson, sought to portray.

“It is indeed associated with empty pockets and vanishing customers, sophisticated investors actively avoiding government auctions, and ministries struggling to function as they have been starved of the basic resources needed to deliver services.”

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