Former Finance Minister and Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has cautioned the current Finance Minister, Dr Cassiel Ato Forson, against manipulating economic figures, warning that such actions could erode investor confidence in Ghana.

Speaking at a press conference for the Minority Caucus on Thursday, March 13, Dr Amin Adam criticised the Finance Minister for allegedly misrepresenting key economic data.

He argued that presenting misleading statistics to create a negative impression of the country’s financial situation would have serious consequences.

“So, you see, if you cook figures to create a narrative to run your country down, international investors will show you where power lies,” Dr Amin Adam remarked.

He emphasised that Ghana’s economic credibility is crucial in maintaining investor trust and attracting foreign capital.

The former minister further stated that inaccurate fiscal reporting could lead to higher borrowing costs and reduced investor interest in Ghana’s financial markets.

He urged the government to prioritise transparency and accuracy in economic data presentation to safeguard the nation’s reputation.

Dr Amin Adam concluded by calling on the Finance Minister to correct any discrepancies in the 2025 Budget and ensure that Ghana presents a true reflection of its economic position.

“If we do not uphold credibility in our financial reporting, we risk making Ghana unattractive to the very investors we need,” he warned.