The Minority in Parliament has urged the International Monetary Fund (IMF) to thoroughly scrutinise the 2025 budget, citing credibility issues that could worsen Ghana's economic situation.
The group noted that while the government planned to return to the bond market, it failed to acknowledge the progress made in reducing Ghana's debt-to- GDP ratio.
Addressing a press conference in reaction to the budget presentation on Tuesday, Ranking Member of the Finance Committee and former Finance Minister, Dr Mohammed Amin Adam, expressed concerns over the government's economic projections.
He said Ghana's debt-to-GDP ratio has dropped from 81 per cent to 61.8 per cent by the end of 2024 due to skilled debt management strategies.
