News:
July 28, 2026
In a passionate defence of the government’s 2026 Mid-Year Budget Review, Professor Titus Beyuo has painted a picture of economic recovery and prudent fiscal management, declaring that Finance Minister Dr. Mohammed Amin Adam has successfully moved Ghana’s economy “from the emergency room to a wellness centre.”
Speaking during Tuesday’s parliamentary debate, the lawmaker commended the Finance Minister for what he described as a transparent and forward-looking presentation that went beyond mere lamentation about the state of the economy inherited by the current administration.
A Story of Stabilisation and Progress
Professor Beyuo acknowledged that the Finance Minister began his presentation by outlining the “mess” the administration inherited, but crucially, did not stop at lamentation.
“Instead of lamentation, he took us through the structures that he used to stabilise the economy,” Professor Beyuo told the House. “And he assured us that the stabilisation was not a destination. It was a price that we needed to pay as an entry.”
The lawmaker emphasised that the government has put in place concrete plans to secure Ghana’s future, including setting aside funds for major infrastructure projects before they even commence.
“For instance, he mentioned to us that money has been set aside for a project that is here to commence—the Accra-Tema Motorway,” Professor Beyuo noted. “This is one of the very first times that even before a project is started, the assurance of money has been made available.”
Prudent Debt Management
The Member of Parliament highlighted the government’s responsible approach to debt management, contrasting it with previous administrations.
“He has put money in the sinking fund to take care of expenditure that will be due in future,” Professor Beyuo stated. “We have been in this country where previous administrations have borrowed and borrowed and asked us to clap for them. Instead, we have a finance minister and a government that is making proper plans to settle debts that will be due in future.”
Energy Sector Transformation
Professor Beyuo also pointed to the government’s “gas-to-power initiatives” which, if materialised, could reduce production costs for energy by 75%.
“I could not agree more that his excellency the President, Nana Addo Dankwa Akufo-Addo, through the finance minister, has indeed moved the economy of Ghana from the emergency room to a wellness centre,” he declared.
Drawing a medical analogy, Professor Beyuo explained: “Moving from the emergency room to a wellness centre involved a lot of stages. You need to treat the person, which is what he has done—settled our debts and credibly discharged from the IMF and taking us through the general world by stabilisation. Finally, he is making sure that we do not fall back to that level of illness, which is that we don’t borrow recklessly and end up in debt.”
Countering ‘Not Spending’ Accusations
Addressing criticisms that the Finance Minister is “not spending,” Professor Beyuo made a clear distinction between reckless and prudent spending.
“If spending recklessly, then the finance minister is indeed not spending. But if it is spending prudently, then he is spending,” he asserted.
The lawmaker provided specific examples of government expenditure:
- Nursing training allowances: 144 million cedis paid
- Ghana Medical Trust: 1.1 billion cedis received
- National Health Insurance Authority: 4.5 billion cedis paid
- No-fee stress policy: 533 million cedis spent on first-year students in tertiary institutions
Investing in the Vulnerable
Professor Beyuo appeared particularly moved by the government’s investment in vulnerable sectors of society.
“The conscience of the nation is judged by its heart. It is called the most vulnerable,” he said.
He cited statistics showing that 950,000 people have been taken out of the bracket of multi-dimensional poverty, while 485 million cedis has been spent on social protection programmes.
“If the finance minister has taken 950,000 people out of the bracket of multi-dimensional poor people, will you say that he is not spending?” Professor Beyuo challenged his colleagues.
Real Manifestations
The lawmaker called on Ghanaians to look at the tangible outcomes of government spending, pointing to the Kolebu Teaching Hospital’s Catheterisation Laboratory where 22 patients recently received complex procedures that would have required travel abroad.
“If your relation is a patient, one of the 22 patients who recently got treatment at the Kolebu Teaching Hospital Catheterisation Lab from complex procedures that they would have travelled out of this country, then you will know that the finance minister is spending and spending prudently,” he said.
He also referenced the National Health Insurance Scheme, stating: “You’ve gone to the hospital and your insurance card is working and you know that the finance minister has paid 4.5 billion to the National Health Insurance Authority. Then you will know that he is spending and he is spending prudently.”
Professor Beyuo concluded that those who benefit from government programmes would not agree with critics who claim the Finance Minister is not spending.
“You will rather agree that he is spending prudently,” he affirmed.
Ghanamps.com