Economist Dr. Sa-ad Iddrisu has challenged former Finance Minister, Dr. Mohammed Amin Adam’s assessment of Ghana’s economic state, questioning which version of the economy the minister was referring to in his recent remarks.

In a strongly worded statement, Dr. Iddrisu highlighted what he described as severe financial mismanagement under the New Patriotic Party (NPP) government, raising concerns about external debt obligations, the energy sector, and stalled healthcare infrastructure projects.

“The one where your government left only $64,000 in the external debt service account, despite knowing that our external debts were due soon and the incoming government would need millions of dollars to pay those debts and interest?” he queried.

He further criticized the government’s handling of the energy sector, stating that under the NPP administration, the sector was burdened with over $2 billion in debt, nearly pushing the Electricity Company of Ghana (ECG) to the brink of collapse.

He argued that the same amount could have been used to finalize and operationalize 22 new hospitals instead of leaving numerous health facilities unfinished.

His comments come amid ongoing debates over Ghana’s economic trajectory, with the opposition NPP defending its record while critics and analysts point to rising debt levels and stalled development projects as evidence of mismanagement.

Speaking at the Minority Caucus press conference dubbed, “True State of the Nation address” in Accra on Monday, March 3, the former Finance Minister attributed Ghana’s current exchange rate stability to the substantial international reserves left by the Akufo-Addo administration.

Dr. Amin Adam emphasized that the reserves have played a crucial role in maintaining the stability of the Ghanaian cedi.

But Dr. Iddrisu also took aim at the government’s flagship Agenda 111 hospital project, alleging that despite spending over $400 million, not a single hospital had been completed.

Story By: Robicon Mornahson