Former Finance Minister Dr. Mohammed Amin Adam has described the 2026 Budget as “groupless and jobless,” saying it offers no hope to Ghanaians, workers, teachers, or investors.
Speaking in Parliament during the budget debate, Dr. Amin Adam said confidence in the economy is extremely low, citing the poor performance of government’s treasury bill auctions as evidence.
“Mr Speaker, I have already described this budget as groupless and jobless. It does not offer hope to the people of Ghana. It does not offer hope to workers, it does not offer hope to teachers — not even to investors,” he said.
He revealed that the government conducted 45 treasury bill auctions between January and the budget presentation, but 25 of them failed, representing a 55 percent failure rate. He said this indicated a collapse of confidence in the government’s economic management.
“Two days after presenting the budget, your treasury bill suffered 30 percent rejection. That is a vote of no confidence in the economy by investors,” he added.
Dr. Amin Adam also questioned the government’s claim of achieving single-digit inflation, noting that the figures presented do not reflect the realities faced by Ghanaians.
“Single-digit inflation is good for any economy. And this was why under the government of President Nana Addo Dankwa Akufo-Addo, we achieved it,” he said.
The former minister concluded that the 2026 Budget fails to restore investor confidence, create jobs, or provide a clear path to economic stability.
