In an exclusive interview with Nii Okpoti Odamtten, Hon. Dr. Mohammed Amin Adam, former Minister for Finance and Member of Parliament for the Karaga Constituency in the Northern Region, offered a candid reflection on Ghana’s economic direction, fiscal discipline, and his personal mission to ensure inclusive growth for all Ghanaians.
Dr. Amin Adam, a respected economist and former Deputy Energy Minister before assuming the Finance portfolio, emphasized that sustainable economic recovery requires a shift from short-term stabilization to long-term structural transformation.
“We have made progress in stabilizing our economy, but stability alone is not enough,” he said. “We need to anchor fiscal consolidation in productivity, private-sector competitiveness, and inclusive participation, particularly for youth and women.”
During his tenure as Minister for Finance, Dr. Amin Adam was instrumental in steering Ghana’s post-COVID economic recovery plan and engaging with international partners to strengthen fiscal support mechanisms. He highlighted that beyond macroeconomic reforms, his focus was on rebuilding trust between government and citizens through transparent policy communication.
“Every policy must speak to the lives of the people,” he noted. “We must ensure that budgetary decisions translate into tangible results — improved healthcare, education, and opportunities for the average Ghanaian.”
He reaffirmed his belief that Ghana’s future growth lies in the hands of its entrepreneurs and innovators, urging stronger linkages between academia, industry, and government to boost productivity and exports.
“Fiscal stability is meaningful only when it creates jobs,” Dr. Amin Adam stressed. “Our task is to transition from consumption-led growth to production-driven development.”
Representing the people of Karaga, Dr. Amin Adam continues to advocate for equitable distribution of resources and strategic investments in the Northern Region. He underscored the need for targeted interventions in agriculture, renewable energy, and small-scale enterprise support to reduce poverty and migration pressures.
“The North has enormous potential — from agribusiness to solar energy — but these must be developed through deliberate investment and policy focus,” he explained. “Regional balance is not just a social necessity; it’s an economic strategy.”
Touching on Ghana’s relationship with the International Monetary Fund (IMF), Dr. Amin Adam said the lessons from the current programme should guide future policymaking.
“Our ultimate goal should be fiscal independence — the ability to fund our development priorities without overreliance on external support,” he said. “That requires revenue efficiency, expenditure discipline, and the courage to implement reforms.”
He added that Ghana’s future depends on collective accountability, urging both public servants and citizens to uphold integrity in financial management.
Beyond politics and economics, Dr. Amin Adam remains deeply committed to mentorship and leadership development among young professionals. Through his initiatives in Karaga, he continues to support education, women’s empowerment, and entrepreneurship as pathways to sustainable community growth.
“Leadership is service,” he concluded. “My life’s work has been about empowering others — and that will always be my guiding principle.”
Story By: Nii Okpoti Odamtten
