Dr. Mohammed Amin Adam has called on the New Patriotic Party (NPP) to regroup quickly and prepare for a return to power as he accuses the National Democratic Congress (NDC) government of economic failure and policy deceit just seven months into office.

In a statement on July 16, the Ranking Member of Parliament’s Finance Committee acknowledged that it is not unusual for a party recently defeated at the polls to face internal challenges.

But he said this phase must be short-lived and urged the party to rediscover its winning formula quickly.

“The campaign for 2028 begins now,” the former Finance Minister declared.

Dr. Amin Adam launched a scathing attack on the current administration, warning that the goodwill the NDC enjoyed is fast eroding under the weight of its failing policies.

“Over the last six months, we have seen taxes increased and extensions of taxes that were due to end this year,” he said, pointing to the introduction of the “Dumsor Levy” which took effect on July 16, 2025.

He warned that this levy will worsen the cost of living, adding that the government has refused to heed the pleas of transport associations concerned about fare hikes.

He said the government’s actions betray the very youth it promised to support, claiming, “It is deeply troubling to learn that a government that promised jobs will implement measures that take jobs away from the very people who voted them into office.”

He urged the youth to know that “the NDC has abandoned you,” and assured them that a future NPP government will restore their dignity.

Dr. Amin Adam dismissed what he described as “false narratives” about the economy the NDC inherited, accusing them of relying on propaganda rather than performance.

He said that while the Governor of the Bank of Ghana denies market intervention, the IMF Staff Report confirms that $1.4 billion was used to support the cedi in the first quarter of 2025.

“This confirms our assertion that the intervention was supported by international foreign reserves accumulated by the previous NPP government,” he said.

He also criticised the NDC’s budget reporting, citing the IMF’s findings that much of the claimed arrears in 2024 were likely undocumented and may be revised down.

According to him, the large accumulation of non-existent payables created an exaggerated fiscal deficit for 2024.

Turning to investor confidence, Dr. Amin Adam said the government’s initial brag about market confidence has been exposed.

“Out of the total of 28 treasury auctions held from January 3 to July 11, 2025, 13 auctions failed,” he revealed, noting that this points to investor fatigue and policy uncertainty.

He warned the government to proceed cautiously in reopening the bond market, especially after the recent debt exchange. “Pension Funds…should not be unfairly pressured,” he said.

On the 2025 budget, he raised doubts about its credibility, revealing that over GH¢6 billion in repayments have already been made to cover auction shortfalls.

“Many flagship programs of the government remain underfunded as Ministers openly express frustration over cashflow constraints,” he said.

He questioned why the government is turning to a World Bank loan to pay contractors despite exceeding its revenue targets.

Dr. Amin Adam described the NDC’s flagship 24-Hour Economy Programme as nothing more than “a theoretical construct with attractive visuals,” lacking any allocated budget.

He urged the Finance Minister to use the upcoming Mid-Year Budget Review to clarify how the programme will be funded.

“These and many other reasons demonstrate that the NDC’s fanciful attempt to show courage in the face of unredeemable promises will soon become a reality for the people of Ghana to see,” he said.

He concluded by calling on the NPP to rally behind its leadership ahead of the National Delegates Conference and Presidential Primaries.

“Let us rally behind the leadership of the party, for in unity lies strength,” he said. “We have the capability—and the resolve—to rise above our current challenges, regain the trust of the Ghanaian people, and return to power.”